LONDON (BLOOMBERG) - Britain's messy divorce from the European Union is once again stuck between the demands of Theresa May's divided government and the reality of what the bloc is willing to offer her - this time over how long the delay to Brexit should be.. Read more at straitstimes.com.
LONDON - Britain's messy divorce from the European Union is once again stuck between the demands of Theresa May's divided government and the reality of what the bloc is willing to offer her - this time over how long the delay to Brexit should be.
The risk is that if Britain chooses a short extension to the Brexit deadline, it could just be postponing a chaotic cliff-edge departure by three months, prolonging the uncertainty and increasing the potential costs for business. They fear that taking part in European Parliament elections in May will represent the government's failure to deliver Brexit, splitting the ruling Conservative party, and potentially unleashing a wave of anti-EU sentiment that could transform British politics.
The prime minister's team is weighing up whether to ask for a long delay, pushing Brexit day back until the end of 2019 or beyond, or a short postponement until the end of June.
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