June 26, 2019 04:05 PM RSS

The U.K. Chaos Continues Over Brexit

  • Wall Street Rebel | James DiGeorgia
  • 04/05/2019 3:43 PM
The U.K. Chaos Continues Over Brexit

The only thing the U.K. Parliament agrees on is – the UK should not leave the EU without a deal. Anything else is a constant battle to the political death.  Meanwhile, the European Union election is approaching, and there is genuine support from those against Brexit that could force another referendum. This time a binding one on whether the UK should leave the EU. Failing to leave the EU by the time its elections take place in May will force the U.K. to take part in the elections.

 

By James DiGeorgia

The Brexit nightmare continues. Prime Minster May’s government is sitting on the edge of collapse and time is running out as the European Union Elections approach.

Theresa May has once again asked here European Union counterparts to delay Brexit that could set up a battle royal with other leaders of the EU at a summit next week. Theresa May wants the U.K. to be able to leave the EU bloc before European elections in May if she can get the divorce deal ratified in time.

May, however, is getting nowhere in talks with her chief political opposition Labour Party. The talks between the May’s government and Labour Party representatives appear to have hit a wall, with no prospect of progress or compromise

“We are disappointed that the government has not offered real change or compromise. We urge the prime minister to come forward with genuine changes to her deal to find an alternative that can win support in Parliament and bring the country together.”

Theresa May sent a letter to EU Council President Donald Tusk seeking a further Brexit delay to June 30 -- with an option to leave earlier if Parliament ratifies divorce deal. Tusk is proposing to offer a one-year extension with the possibility of leaving the bloc earlier if an agreement is approved according to EU officials familiar with the situation. However, that would mean that the UK will take part

 

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in the May elections, an action considered by many analysts and observers as a death-knell for Brexit that would force a binding referendum in the U.K that would like defeat Brexit now that British public is genuinely aware of the economic damage that it would cause their nation.


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