UK Prime Minister Boris Johnson has submitted a bill that would undermine parts of the Brexit agreement and break international law. The bill was backed by MPs in the Commons 340 votes to 263 and would enable free movement of goods and services across England, Wales, Scotland and Northern Ireland after Brexit. This new law would give the UK government the power to override the legally binding withdrawal agreement between the UK and the EU.
The virtual currency has made several leaps in recent weeks, including one of over 10% that reached the psychological threshold of $12,000 a share.
With a decline in GDP two quarters in a row, the UK is officially in recession for the first time in 11 years. The GDP fell by 2.2% between January and March 2020 and shrank further by 20.4% between April and June. This is the country’s worst crash since quarterly records began in 1955.