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 Milestones

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

China Unlimited: an exclusive interview with the former Ambassador of Hungary to China

Healthcare workers’ safety: a forgotten necessity

Understanding the ‘second brain’ in your gut

5 things to know about the exploding world of pro gaming

First EU-wide protection for whistle-blowers agreed

The EU has to prove it can remain one piece

These 8 countries have perfect scores for women’s rights at work

International Women’s Day: Where does she belong?

Africa-Europe Alliance: European Commission committed to a sustainable African agri-food sector

4 things ISPs can do to reduce the impact of cybercrime

Trump ‘used’ G20 to side with Putin and split climate and trade packs

State aid: Commission opens in-depth investigation into arbitration award in favour of Antin to be paid by Spain

Vile act of torture prohibited ‘under all circumstances’, UN chief affirms on International Day to support victims

3 ways to ensure the internet’s future is creative, collaborative and fair

This lethal fungus is threatening to wipe out the world’s bananas

EU food watchdog: more transparency, better risk prevention

New rules on drivers’ working conditions and fair competition in road transport

Help African farmers cope with climate change threats, UN food agency urges

Why cybersecurity matters more than ever during the coronavirus pandemic

Europe eyes to replace US as China’s prime foreign partner

3 ways to make technologies more inclusive for people with disabilities

Confidence in the COVID-19 vaccine grows in UK and US, but global concerns about side effects are on the rise

Preventing and resolving conflicts must form ‘backbone’ of collective efforts – UN chief

UPDATED: Thousands flee fighting around Libyan capital as Guterres condemns escalation, urges ‘immediate halt’ to all military operations

How emerging markets will shape Africa in 2020

5 factors driving the Chinese lawtech boom

This tool shows you which cities will flood as ice sheets melt

High-tech or ‘high-touch’: UK survey gives clues to the jobs of the future

Security Council urges ‘maximum restraint’ around Gulf region as Iran and United States trade diplomatic blows in New York

EU Parliament says ‘no’ to austerity budget

ISIS fighters fleeing Mosul for Syria can topple Assad. Why did the US now decide to uproot them from Iraq?

China and China-EU Relations in the New Era

5 things you might not know about forests – but should

More hiring freedom can reduce teacher shortages in disadvantaged areas

When it comes to envirotech adoption, NGOs can lead us out of the woods

‘Extinction crisis’ pushes countries to agree stronger protection for global wildlife

Why we need both science and humanities for a Fourth Industrial Revolution education

The digital transformation is a skills and education opportunity for all. Companies must use it

European Commission increases support for the EU’s beekeeping sector

Building a Climate-Resilient Future – A new EU Strategy on Adaptation to Climate Change

The UK option: An overarching alternative for the whole Brexit options

‘The time for action is now’ senior UN peacekeeping official says, urging support for regional force combating Sahel terrorism

Mediterranean migrant drownings should spur greater action by European countries, urge UN agencies

Carbon levy on EU imports needed to raise global climate ambition

Iran: women hunger strikers entitled to medical care, UN rights experts urge

It is now the era to evolve mutually as the bacteria do

COVID-19: Revised rules to encourage banks to lend to companies and households

Fashion’s hot new trend: clothes you don’t need to wash (very often)

Stronger partnerships with post-conflict countries needed to ensure ‘path towards durable peace’: UN chief

Republic of Korea President proposes DMZ as future ‘peace and cooperation district’ on Peninsula

Women’s work faces the greatest risk of automation, says new research

May led Britain to chaos, now looks for way out with unpredictable DUP

We must rethink and repurpose cybersecurity for the COVID-19 era

EU-Turkey relations: EU considers imposing sanctions while Turkey keeps violating Cyprus’ sovereignty

National parks give a $6 trillion boost to mental health worldwide

Here’s how data can shine a light on financial crime

Will Eurozone be able to repay its debts? Is a bubble forming there?

Eight years in, Syria still embroiled in conflict ‘that no longer sparks outrage’, Security Council hears

Difficulties of vaccination against COVID-19

Services are the hidden side of the US-China trade war

More Stings?

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