Crunch time is coming for British politicians and European leaders, who are scrambling to find a way to way to make the Brexit process work.
without an agreement would be damaging for the EU and disastrous for the U.K. It could lead to tariffs on trade between Britain and the EU, as well as customs checks that could cause gridlock at ports and shortages of essential goods.
Few are holding out hope for this outcome, in part because it would probably require May to dramatically alter some of her long-held positions and embrace a much softer version of Brexit. Indeed, Labour’s Brexit spokesman, Keir Starmer, said Friday after three days of talks that the government is not showing any willingness to change its approach and find common ground.
This approach has been dubbed the “flextension” in yet another addition to the crowded and sometimes confusingof Brexit-related terms. Tusk hopes to get this option approved at an EU summit on Wednesday. A year-long extension might well please the many Britons who hope Brexit never takes place, and it is likely to enrage Brexit-backers who fear their victory in the 2016 referendum is being hollowed out by endless slowdowns and concessions.Parliament already has narrowly rejected a proposal for a new referendum on whether to leave the EU, and the government has ruled out holding another plebiscite, saying voters in 2016 made their decision to leave.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets seen slightly higher amid upbeat data; Brexit chaos rumbles onEuropean stocks are set to open higher Tuesday morning, after stronger-than-anticipated factory activity surveys from the U.S. and China eased concerns over the global economy.
Read more »
European markets seen higher amid strong Chinese data; Brexit and data in focusEuropean stocks are poised to open higher Monday morning, as investors in Europe wake up to stronger-than-expected Chinese data.
Read more »
EasyJet warns of Brexit hit to European demandBritish low-cost airline easyJet on Monday took a more cautious stance on its ou...
Read more »
EasyJet warns of Brexit hit to European demandBritish low-cost airline easyJet on Monday took a more cautious stance on its ou...
Read more »
Britain to take part in European Parliament elections, signaling a Brexit delayEurope now offering Britain a year-long “flextension” while it works out what it wants to do.
Read more »
European stocks' rally stalls, Brexit impasse weighsEuropean shares were muted on Tuesday following their strongest two-day rally si...
Read more »
European shares rise on hopes around U.S.-China deal and BrexitStocks in Europe climbed for a fourth straight session on Wednesday, propped up ...
Read more »
UK might have to hold European Parliament elections: Brexit ministerBritain's Brexit minister said he could not rule out the possibility of the...
Read more »
British Parliament rejects alternatives to May’s Brexit dealBritain's Parliament has spoken — and it has said no, again, to alternative Brexit proposals.
Read more »