BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look

Today’s front page, Saturday, September 23, 2023

Subscribe
BusinessMirror
BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look
  • World

Britain’s May faces Parliament after EU grants Brexit extension

  • The Associated Press
  • April 12, 2019
  • 838 views
  • 4 minute read
(Bloomberg)

LONDON—A clearly frustrated European Union has given Britain a few more months to find a way out of its Brexit quagmire. Now it’s up to Britain’s squabbling politicians to work out if they can meet the new Halloween deadline.

Prime Minister Theresa May is expected to brief Parliament on Thursday on the results of the emergency EU summit that ended in the early hours with the bloc agreeing an extension to the country’s departure until October 31.

However, her path toward actually taking Britain out of the EU remains unclear.

She is blocked by a strong faction in her own Conservative Party that hates her withdrawal deal and hopes to oust her, and talks aimed at winning support from the opposition Labour Party are moving forward slowly, if at all.

May’s own authority has been gravely compromised by the long Brexit ordeal and she has promised to step down once Britain leaves the bloc—if efforts to get rid of her more quickly do not bear fruit.

Faced with so much uncertainty, EU leaders whose talks went well after midnight agreed on a new October 31 cutoff date. If no extension was granted, then Britain faced the prospect of crashing out of the EU this Friday with no deal, a scenario that in Parliament worry would lead to a deep recession as tariffs are imposed on UK exports and other restrictions on trade are imposed.

“Please, do not waste this time,” European Council President Donald Tusk pleaded. He said the EU was giving Britain six more months “to find the best possible solution” to its Brexit impasse.

Like many things related to Brexit, the extension was a messy compromise. May came to an emergency summit in Brussels seeking to postpone Britain’s departure from the EU until June 30. Some European leaders favored a longer extension, while French President Emmanuel Macron was wary of anything but a very short delay.

Leaders of the 27 remaining EU member-states met for more than six hours over a dinner of scallop and cod before settling on the end of October, with the possibility of an earlier Brexit if Britain ratifies a withdrawal agreement.

May said the possibility of leaving before the deadline was a key request of hers.

“I continue to believe we need to leave the EU, with a deal, as soon as possible,” she told reporters.

She noted that if UK lawmakers back her Brexit deal, Britain could still leave by June 30—the Brexit deadline she had requested from the bloc—and possibly as soon as May 22, which would release Britain from having to participate in elections for the European Parliament.

May spoke to the 27 EU leaders for just over an hour, before they met for dinner without her to decide Britain’s fate. In contrast to some testy recent summits, there were signs of warmth, even humor. May and German Chancellor Angela Merkel were filmed laughing over a tablet bearing an image showing the two of them speaking to their respective Parliaments on Wednesday while wearing similar blue jackets.

While many leaders said they were inclined to grant a Brexit delay, Macron expressed reservations, warning as he arrived at the summit that “nothing is decided.”

Afterward, the French president said he was satisfied with the outcome.

“We did the best possible compromise to preserve the unity of the 27 [other EU members] because we have left the United Kingdom more time to deliver a deal,” Macron said.

Tusk said that during the extension Britain “will continue its sincere cooperation as a full member-state, with all its rights, and as a close friend and trusted ally in the future.”

Several months have passed since May and the EU struck a deal laying out the terms of Britain’s departure and the outline of future relations. All that was needed was ratification by the British and European Parliaments.

But UK lawmakers rejected it— three times. As Britain’s departure date of March 29 approached with no resolution in sight, the EU gave Britain until Friday to approve a withdrawal plan, change course and seek a further delay to Brexit, or crash out of the EU with no deal to cushion the shock.

Economists and business leaders have warned that a ”no-deal” Brexit would lead to huge disruptions in trade and travel, with tariffs and customs checks causing gridlock at British ports and possible shortages of goods. A

The Confederation of British Industry said the Brexit extension means an “imminent economic crisis” has been averted for now.

After all, all options from a ‘no-deal’ Brexit to a general election to no Brexit at all remain on the table.

May has previously said that “as prime minister” she could not agree to let Britain stay in the EU beyond June 30, and has promised to step down once Brexit is delivered. Many Conservative Party lawmakers want a new leader to take charge of the next stage of Brexit. But they can’t force her out until the end of the year, after she survived a no-confidence vote in December.

Several days of talks between May’s Conservative government and the main opposition Labour Party aimed at finding a compromise have failed to produce a breakthrough. Labour favors a softer Brexit than the government has proposed, and wants to retain a close economic relationship with the bloc. The two sides said they would resume their discussions Thursday.

Pro-EU politicians said the next few months should be used to hold a new referendum on whether to leave the EU or remain. Scottish National Party Nicola Sturgeon said in a tweet after the extension was granted that the British people should be allowed to “decide if they still want to leave.”

Irish Prime Minister Leo Varadkar said the time had come for Britain to decide what it wants.

“We’re giving them a very long time to take a decision,” he said.

“You know, the European Union is not a prison. Nobody has to stay but it is also a home and we are not going to kick anyone out.”

As to the symbolic end date? He said it was not on the minds of the EU leaders.

“As I learned this evening, Halloween is not a holiday widely celebrated across the European Union,” Varadkar said.

0
0
0
0
Share 0
Tweet 0
Pin it 0
Share 0
Related Topics
  • Featured

Know more

Know more
  • 2 min
  • Biodiversity
  • Environment
  • Top News
  • World

Philippines, 74 other countries sign High Seas treaty

  • Malou Talosig-Bartolome
  • September 22, 2023
Know more
  • 3 min
  • World

Emerging-market stocks set to erase 2023 gains

  • Bloomberg News
  • September 22, 2023
Know more
  • 1 min
  • World

West needs dialogue with China over AI rules, UK’s Hunt says

  • Bloomberg News
  • September 22, 2023
Know more
  • 3 min
  • World

Biden assures Zelenskiy he’s firm in getting more war aid

  • Bloomberg News
  • September 22, 2023
Know more
  • 3 min
  • World

China seeks to facilitate capital flows to woo foreign investors

  • Bloomberg News
  • September 22, 2023
Know more
  • 2 min
  • Asia Today
  • Business
  • Education
  • Top News

Philippines slips to 60th in 2023 IMD World Talent Ranking

  • Andrea E. San Juan
  • September 22, 2023
Know more
  • 3 min
  • World

Largest Russian attack pounds Ukraine cities from east to west, starting fires and killing 2

  • Illia Novikov / The Associated Press
  • September 21, 2023
Know more
  • 5 min
  • World

McCarthy struggles to pass a temporary spending bill to avoid a shutdown as others look at options

  • Stephen Groves & Lisa Mascaro / The Associated Press
  • September 21, 2023
Know more
  • 4 min
  • World

Under pressure over border, Biden administration to protect hundreds of thousands of Venezuelans

  • Rebecca Santana & Elliot Spagat / The Associated Press
  • September 21, 2023
Know more
  • 3 min
  • World

Institutional investors call for policy unleashing $275 trillion for net zero

  • Alastair Marsh
  • September 21, 2023
Know more
  • 5 min
  • World

No Labels push in divided Arizona fuels Democratic anxiety about a Biden spoiler

  • Jonathan J. Cooper / The Associated Press
  • September 21, 2023
Know more
  • 4 min
  • International Relations
  • World

India asks citizens to be careful if traveling to Canada as rift widens over Sikh leader’s death

  • Sheikh Saaliq | The Associated Press
  • September 20, 2023
Know more
  • 8 min
  • Defense
  • Explainer
  • Military
  • Tech
  • Top News
  • World

Inside the delicate art of maintaining America’s aging nuclear weapons

  • Tara Copp | The Associated Press
  • September 20, 2023
Know more
  • 4 min
  • World

Russia ‘weaponized’ food, energy and children, Zelenskyy tells UN

  • Jennifer Peltz & Derek Gatopoulos | The Associated Press
  • September 20, 2023
Know more
  • 6 min
  • Economy
  • Top News
  • World

Oil nearing $100 a barrel red flag for central banks’ inflation fight

  • Craig Stirling & Alice Gledhill | Bloomberg
  • September 20, 2023
Know more
  • 5 min
  • World

Biden exhorts world leaders at UN to stand upto Russia, and not to let Ukraine ‘be carved up’

  • Aamer Madhani & Seung Min Kim | The Associated Press
  • September 20, 2023
Know more
  • 5 min
  • World

Canada, India expel envoys in tit-for-tat diplomatic expulsions over Sikh’s killing

  • Krutika Pathi & Rob Gillies | The Associated Press
  • September 19, 2023
Know more
  • 4 min
  • World

UN chief says people are looking to leaders for action, way out of current global ‘mess’

  • Edith M. Lederer | The Associated Press
  • September 19, 2023
Know more
  • 5 min
  • International Relations
  • World

Brazil’s Lula pitches his nation as fresh leader for Global South

  • David Biller | The Associated Press
  • September 19, 2023
Know more
  • 4 min
  • World

Political divide emerges on US Ukraine aid package as Zelenskyy heads to Washington

  • Kevin Freking | The Associated Press
  • September 19, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe

BusinessMirror
  • About Us
  • Contact Us
  • Advertise with us
  • Privacy Policy
  • Cookie Policy
  • Podcast
  • Text-Only Homepage

Input your search keywords and press Enter.