It has been a like a pendulum swing for months and the cost of one Prime Minister to reach a new Brexit deal for UK. With barely 2 weeks for Britain to go on Brexit this pops up. The last few months of politicking, suspension of parliament, the infamous court ruling and secret negotiations all seem to have gained Britain a foothold in this negotiation.
This would look like a friendly divorce.
New Agreements
The new withdrawal agreement will now have to be approved by both the British and EU Parliaments. The British Parliament are expected to vote on it on Saturday. British Prime Minister Boris Johnson tweeted on Thursday morning thus, “We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment,” .
Jean-Claude Juncker, President of the EU called it a “fair and balanced agreement.” The Labour opposition leader Jeremy Corbyn however sees it differently and describes it as worse than Theresa May’s deal which was rejected. With the Democratic Unionist Party (DUP) declining to support the deal, it makes an optimistic stance of a deal Brexit still shaky. Having 10 MPs in all, their weight is quite significant to move a deal-Brexit
If the deal is not approved in the U.K. on Saturday, Johnson will have to request the EU for a Brexit deadline extension. It remains to be seen if EU leaders will grant this extension.
Related Developments – New Brexit Deal
One major condition that had become a bogey for the Brexit negotiations has been the Irish backstop. It has been has been replaced with a complicated new arrangement. Northern Ireland will however still remain in the U.K.’s customs territory and comply with UK’s trade policy but will follow EU rules for goods. They also still need to wait for the deadlock of a no deal
The “Final Say” vote is also in the offing. This is for the people who still believe Brexit does not reflect the stance of the larger population. They seek another referendum which could even reverse the whole deal.
The sterling surged to a five-month high of $1.2988 in response to the news
