Brexit update: Will the EU grant extention to Britain preventing economic chaos?

Visit of Boris Johnson, British Prime Minister, to the EC
Date: 17/10/2019. Location: Belgium, Brussels – EC/Berlaymont. © European Union, 2019
Source: EC – Audiovisual Service. Photographer: Jennifer Jacquemart

It was only yesterday when the British MPs voted in favor of Boris Johnson’s Brexit deal but rejected the three-day legislation timetable which would have speeded up the procedure and met the deadline of October 31st.

However, it is up to the EU now to decide whether to provide another extention to the ongoing negotiations and process or leave the UK exit the bloc without a deal; something that seems quite unlikely.

Background

Last Thursday the European Union together with Britain announced that both reached to an agreement on the text of the Brexit deal, also known as the Withdrawal Agreement Bill. Two days later, the UK government convened in order to decide whether or not to support the deal brought by the prime minister. But the MPs called for an amendment of the deal until the Withdrawal Agreement Bill is approved by both the Commons and Lords and passed into law.

This forced the UK prime minister to ask for a Brexit extention beyond October 31 delaying the procedure even more, causing serious turbulences to the EU and world economies and leaving the EU to decide whether to grant another extention or let the UK on its own without a deal. But the EU is waiting till the end of the month to see if there will be any last changes before deciding.

Tuesday’s vote

The House of Commons voted yesterday 329 to 299 in favour of the second reading of the withdrawal bill. However, the MPs voted 322 to 308 against UK prime minister’s three-day legislation timetable for the Bill which composes the main piece of law to implement the deal reached with the EU last week. This basically means that Boris Johnson has no time to get his agreement approved as there are only eight days left till the EU deadline expires.

Following this outcome, the UK prime minister said yesterday that will call for general elections in case the EU accepts a delay. More specifically, Boris Johnson mentioned that: “If Parliament refuses to allow Brexit to happen and instead gets its way and decides to delay everything until January or possibly longer, in no circumstances can the government continue with this. And with great regret, I must say the bill will have to be pulled and we will have to go forward to a general election”.

All the statements of the UK prime minister didn’t intimidate the MPs who voted against the fast-track legislation process leading to Boris Johnson’s defeat.

EU’s response

The EU has not yet responded to the UK prime minister regarding the Brexit extension of three-months and awaits the UK parliament’s decisions to take place. The “ball” is now on the EU court and will have to provide the requested extention to the UK for the legislation to be concluded and the UK parliament to approve the deal. The latter will occur of course in case the MPs find the “golden” solution to this long-lasting thorny issue.

European Council President Donald Tusk stated yesterday in Strasbourg that the extention request was under discussion with the EU leaders of the 27 member states and a decision will be made “in the coming days”. More specifically, President Tusk said: “A no-deal Brexit will never be our decision”. By saying so, Mr Tusk expressed the EU stance on Brexit but it remains to be seen for how long the EU will back up UK extending its exit from the Old Continent.

Will the EU extend Brexit?

As it seems Brexit is going to continue tormenting the EU and UK creating political and economic limbo to the EU edifice. So far both Theresa May and Boris Johnson were unable to come to an agreement with the EU which is ratified by the UK parliament. Will there be a prime minister who will conclude Brexit with a deal? The EU is most likely going to provide more time to Britain to find out a way to manage the procedure successfully and exit the bloc with an accord.

All in all, no wise man is willing to see the UK leaving the EU without striking a deal as it will be disastrous not only for the EU and UK but for the whole world as well.

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

‘Stealing’ food from hungry Yemenis ‘must stop immediately’, says UN agency

US migrant children policy reversal, still ‘fails’ thousands of detained youngsters: UN rights experts

The 5 mistakes we’re making in the fight against global energy poverty

EU Commission expects consumer spending to unlock growth

EU-UK Statement following the High Level Meeting on 15 June

5 futuristic ways to fight cyber attacks

Remarks by Commissioner Lenarčič on the deployment of EU Medical Teams to Italy

How the digital finance revolution can drive sustainable development

IMF: When high yield goes boom

UN relief official in Yemen condemns ‘horrific’ attack on passenger buses

National parks transformed conservation. Now we need to do the same for the ocean

UN member states express their will to tackle global migration but specific actions are still missing

New UN-supported farming app is cream of crop in tackling Sahel pest

COVID-19: EU co-finances the delivery of more protective equipment to China

Parliament backs a modernised EU electoral law

Is your business model fit for the Fourth Industrial Revolution?

More efforts needed to boost trust in business and finance

3 reasons why Singapore is the smartest city in the world

Although Greece is struggling to pay salaries and pensions Varoufakis is “optimistic”; the Sting reports live from EBS 2015

A shipping industry leader explains how to keep supply chains moving amid a pandemic

EU and China in search of a win-win agreement through strategic cooperation ahead of the EU-China summit

Burning Amazon rainforests: Darting towards the doom of Human Race

FROM THE FIELD: ‘Hope’ on the horizon as UN Peacekeepers push deep into Mali

“Is Europe innovative? Oh, Yes we are very innovative!”, Director General of the European Commission Mr Robert-Jan Smits on another Sting Exclusive

Spread of polio still an international public health concern

New citizenship law in India ‘fundamentally discriminatory’: UN human rights office

EU unveils plan to accelerate Capital Markets Union ahead of London’s departure from the bloc

Mali just took a huge step towards universal healthcare

Women outliving men ‘everywhere’, new UN health agency statistics report shows

First-ever World Braille Day underscores importance of written language for human rights

The West and Russia impose a new order on the world

Praising Roma’s contributions in Europe, UN expert urges end to rising intolerance and hate speech

Security Council welcomes Yemen breakthrough, but lasting peace remains a ‘daunting task’

This woman changed the world of work – and you’ve probably never heard of her

Can Obama attract Iran close to the US sphere of influence?

UN launches plan to promote peace, inclusive growth in Africa’s Sahel

European Commission presents comprehensive approach for the modernisation of the World Trade Organisation

SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

Structuring Your Perception: The Key to a Good Mental Health during COVID-19

Does the world have strong enough institutions to handle risks like Trump and Brexit?

5 facts to know about Africa’s powerhouse – Nigeria

Prevention is key to ‘breaking the cycle of HIV transmission’, UN chief tells General Assembly

Trump’s Pandemic Failure: A Missed Opportunity

Greece: Tsipras’ referendum victory does not solve the financial stalemate of the country and its banks

5 lessons from China on how to drive sustainable growth

Public climate finance to developing countries is rising

Canada has the most comprehensive and elaborate migration system, but some challenges remain

How much time has the ‘European Union of last chance’ left?

Long-term EU budget: Parliament wants safety net for beneficiaries

Yemen: Security Council backs new mission in support of key port city truce

The result of European Elections 2019 seals the end of the business as usual era in Brussels

Syrian civilians must be protected amid ISIL executions and airstrikes: Bachelet

UN Committee says Ebola in DR Congo still an international public health emergency

OECD will follow Canadian proceedings addressing allegations of political interference in foreign bribery prosecution

Hunger in Yemen: WFP considers aid suspension in face of repeated interference by some Houthi leaders

Ten UN peacekeepers killed in a terrorist attack in northern Mali

New General Assembly President brings ‘valuable insights’ into key UN challenges

The G7 should take the lead on ocean targets for 2020

The DNA of the future retail CEO

‘Cataclysmic events’ in Hiroshima, Nagasaki, began ‘global push’ against nuclear weapons says Guterres, honouring victims

More Stings?

Advertising

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s