Removing the Brexit uncertainty is good for the entire world, IMF Managing Director Kristalina Georgieva says. “It is in the interest of the U.K. primarily, the interest of the EU and of course the whole world that there is a deal.”
Johnson faced a Saturday deadline by law to request an extension to the current Brexit departure date of Oct. 31 had no deal been reached. However,This sets up a complicated and difficult day for the U.K. Parliament on Saturday. There are doubts a deal will be approved in Westminster, with opposition parties already criticizing it.that "from what we know, it seems the Prime Minister has negotiated an even worse deal than Theresa May's, which was overwhelmingly rejected.
A key ally of the government, the Northern Irish Democratic Unionist Party , has already responded by saying that it cannot support the deal. The U.K. government, which does not have a majority in the British Parliament, needs the DUP's votes to approve the deal. UK Prime Minister Boris Johnson and Jean-Claude Juncker, President of the European Commission, ahead of the opening sessions of the European Council summit at EU headquarters in Brussels.The DUP said in a statement earlier Thursday that it was unhappy with the proposed customs and consent arrangements, which were designed to give Northern Ireland a say over its relationship with the EU post-Brexit. The DUP has repeatedly opposed any plans that would see it treated differently from the U.K.
British MPs had rejected a Brexit deal reached by Johnson's predecessor, Theresa May, three times because of objections to the Irish "backstop" issue. This was designed to prevent a hard border on the island of Ireland if the U.K. and EU couldn't agree on a trade deal in a post-Brexit transition.
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