Friday, October 25, 2019
UK Brexit strategy.
Prime Minister Boris Johnson’s call yesterday for a December 12 election has complicated deliberations in Brussels on the length of the extension to the Brexit process that the EU is prepared to offer. EU ambassadors had been hoping to agree a three-month extension today until January 31, but a decision will now be delayed until next week, pending a vote in the UK Parliament on October 28 to hold an early election.
- Further attempts to pass Brexit legislation in Parliament will depend on the support of a small number of opposition Labour MPs.
- Most of the EU is as keen as Johnson to 'get Brexit done' -- they no longer hold out much hope for a second referendum.
- It will be extremely difficult to agree a future trade deal before the end of a post-Brexit transition period in December 2020.