Brexit enters in dangerous area

12.10.2018 / 11:03

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The signals from Brussels are getting stronger, and a Brexit deal is now in sight. Prime Minister Theresa May briefed her ministers late on Thursday, but two key groups are unhappy with a compromise that will probably tie the U.K. into European Union trade rules indefinitely.

The pro-Brexit wing object because they fear it will keep Britain in the EU’s customs union forever. At least one Cabinet minister is considering resigning, people familiar with the situation told Bloomberg’s Tim Ross. Even more dangerously for May, the Northern Irish Democratic Unionist Party that props up the government says May’s plan is a betrayal and is threatening to withdraw support.

Officials on both sides say a deal is within reach, but we’re not there yet. Ambassadors from the 27 European states meet later today to talk Brexit, and we should get a steer as to how things are looking ahead of a critical EU summit next week.

Trader Georgi Bozhidarov

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Brexit enters in dangerous area

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