UK stocks bounce on Brexit extension hopes

Marco Green
October 21, 2019

He said he wouldn't have a problem with an extension by "a few days or a few weeks" if that rules out a no-deal Brexit.

His foes are now forging new alliances and trying to attach amendments that could either force Johnson to accept closer trade ties - or abandon the deal and accept a third delay this year.

The manoeuvre is created to minimise the political damage of Johnson going back on his word and seeking an extension ahead of an early general election most expect in the coming months.

British Prime Minister Boris Johnson is expected to push for a vote on his European Union divorce deal as Parliament prepares for a week of guerrilla warfare over Brexit.

The bloc said the fact Johnson had not signed the letter was irrelevant. Scotland's highest court said Monday it would keep the case open, retaining the power to censure Johnson's government until its obligations under the law have been complied with "in full".

"MPs and peers will today have in front of them a bill that will get Brexit done by October 31, protect jobs and the integrity of the United Kingdom, and enable us to move onto the people's priorities like health, education and crime", Brexit Secretary Steve Barclay said in an emailed statement.

But officials in Brussels said Johnson's request was valid. House of Commons Speaker John Bercow could refuse to allow such a vote because parliamentary rules generally bar the same measure from being considered a second time during the same session of Parliament unless something has changed.

"That's what we're going to do next week", Foreign Secretary Dominc Raab told the BBC on Sunday.Raab added that the government would continue to speak to the government's Northern Irish allies, the Democratic Unionist Party, which now opposes the deal because it treats Northern Ireland differently to the rest of the U.K.The support of the DUP, which has 10 seats in Parliament, would give Johnson a better chance of passing his deal.The new deal replaces an earlier divorce plan negotiated by former Prime Minister Theresa May that was rejected three times by Parliament.

This would switch the focus on the government's attempt Tuesday to get lawmakers to support domestic legislation in the accompanying Withdrawal Agreement Bill.

With just 10 days left until the United Kingdom is due to leave the European Union on October 31, the divorce is again in disarray as Britain's political class argue over whether to leave with a deal, exit without a deal or hold another referendum.

But the deck against Johnson seems stacked.

The comments come after the main opposition Labour Party's Brexit spokesman, Keir Starmer, said his party would back amendments on a second referendum and a customs union, and made a direct appeal to the DUP to rethink their opposition to the latter.

Those 27 European Union leaders are tired of the long-running Brexit saga but also want to avoid a no-deal British exit, which would damage economies on both sides of the Channel.

The DUP broke ranks and voted against Johnson's agreement Saturday because it created new trade regulations for goods moving between Northern Ireland and the rest of the UK.

The EU, which has grappled with the tortuous Brexit crisis since Britons voted 52 per cent to 48 per cent to leave in a 2016 referendum, was clearly bewildered by the contradictory signals from London.

Other reports by Click Lancashire

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