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No-deal Brexit again raises risks to the campaign's success

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Boris Johnson said he would "push" preparations for No-deal Brexit after he took the hardest time in negotiations with the European Union. Today, as prime minister, he stood before the UK Parliament and commented that he was happy to negotiate with the EU and that he preferred an orderly divorce with Block. He warned, however, that this preference would be feasible only when Europe gave up the guarantees that they wanted for the Irish border, and this is something that Brussels wants to happen.

If either of the two parties does not give up on this case, the UK will have to go out on October 31, 2019 without a deal. Boris has categorically said he prefers to go out with a deal by being ready to mobilize the government with all his energy, determination and leadership. But Europe will have to rethink its position and reopen to negotiate for the deal May offered and which was rejected three times by Parliament.

But Brussels does not intend to take down the guard. Chief Brexit diplomat Michael Barnier sent a letter to the other European diplomats, saying that Johnson's position was aggressive, but that the demand for the elimination of the so- backstop is simply unacceptable.

Source: Bloomberg Finance L.P.

Photo: Flickr


 Trader Martin Nikolov

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