Ireland tells British Prime Minister Boris Johnson: no-backstop equals no-deal Brexit. Read more:
LONDON - Prime Minister Boris Johnson lost influence over Britain’s withdrawal from the European Union on Monday when a law came into force demanding he delay Brexit until 2020 unless he can strike a divorce deal at an EU summit next month.
Brexit, the United Kingdom’s most significant geopolitical move in decades, remains in question more than three years since the 2016 referendum, with possible outcomes ranging from an exit on Oct. 31 without a withdrawal agreement to smooth the transition, to abandoning the whole endeavour. “We must get Brexit done because the UK must come out on October 31, or else I fear that permanent damage will be done to confidence in our democracy in the UK,” Johnson said.
BlackRock, a U.S. investment firm that manages $6.8 trillion of assets, said a no-deal Brexit or a referendum had become more plausible. Johnson, a former journalist who derided the EU and later became the face of the 2016 Vote Leave campaign, has repeatedly promised to deliver Brexit on Oct. 31 and has said he will not countenance any delay.
“I want to find a deal, I want to get a deal,” Johnson said in Dublin, adding that there was plenty of time to find one before the Oct. 17-18 EU summit.
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