Market news
02.10.2019, 08:00

Boris Johnson issues ultimatum as EU balks at his Brexit plan

Boris Johnson is poised to issue an ultimatum to the European Union on Wednesday: negotiate Brexit on his terms within the next nine days, or face a no-deal divorce. A key EU player has already rejected the prime minister’s plan.

On Wednesday, Johnson will address his Conservative Party’s annual conference in Manchester, England, and his office said he would present a “fair and reasonable compromise” offer to the EU. He will say it is now vital to deliver on the decision of the British people to leave the EU in a referendum in 2016.

“After three and a half years people are beginning to feel that they are being taken for fools,” Johnson will say. “They are beginning to suspect that there are forces in this country that simply don’t want Brexit delivered at all.”

If Brexit talks collapse, the U.K. will be on course to leave the bloc without an agreement. Johnson is vowing to defy efforts by the British Parliament to prevent a no-deal exit. His office said on Tuesday that he would never negotiate the extension to EU membership that new legislation demands. If he can’t get a deal and he doesn’t seek a delay, he will probably find himself fighting members of parliament in court -- and could even be ousted. “The prime minister will in no circumstances negotiate a delay,” his office said.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location