U.K. Faces Last Chance to Avoid No-Deal or Delay: Brexit Update
Thursday, 17 October 2019 17:25 WIB | GLOBAL |Global

The European Union is warning that Thursday™s summit may be the last chance to avoid a cliff-edge choice between another delay to Brexit and the economic damage of the U.K. leaving without a deal.

The prospects of an agreement at a crucial EU leaders™ gathering in Brussels receded on Thursday morning when Boris Johnson™s Northern Irish allies warned they will not support the proposed accord.

Despite the progress made between EU and U.K. negotiators on Wednesday, the Democratic Unionist Party, which props up Johnson™s administration, raised a series of concerns.

The British and European negotiating teams have been working intensively to finalize a legal text in time for EU leaders to sign off at a summit in Brussels starting on Thursday. Hopes rose on Wednesday that an accord was within sight.

Source : Bloomberg

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