{"id":5165,"date":"2019-01-17T10:16:39","date_gmt":"2019-01-17T10:16:39","guid":{"rendered":"https:\/\/www.wasteyourtime.co\/?p=5165"},"modified":"2019-08-30T11:17:22","modified_gmt":"2019-08-30T10:17:22","slug":"brexit-deal-risks","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/01\/brexit-deal-risks\/","title":{"rendered":"Brexit deal, is it to be or not to be?"},"content":{"rendered":"

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4 min read<\/span><\/i><\/p>\n

\"Brexit
\nTheresa May, the British PM, looks for a compromise with her political opponents that will deliver a Brexit deal. She is entering the most delicate and dangerous negotiations of the country\u2019s split from the European Union.<\/span><\/p>\n

On Wednesday night, there was an attempt in Parliament of opposition to oust her government in a vote of no-confidence 24 hours after her agreement with the EU was emphatically rejected by the historical margin for any sitting government of 230 votes. <\/span><\/p>\n

But May survived and opened talks in an effort to break the deadlock. Now she must return to Parliament to set out her Plan B by Monday.<\/span><\/p>\n

Point is that the UK has just 10 weeks left before the departure deadline.<\/span><\/p>\n

According to Bloomberg, “May is prepared to blur her red lines to find a plan that will get through Parliament, according to a person familiar with the matter. That could mean keeping close ties to the EU, an outcome backed by opposition parties.”<\/span><\/p>\n

On the other side, the European Union demand she radically rethinks the UK\u2019s red lines. The bloc signaled its willingness to delay Britain\u2019s withdrawal for a longer time.<\/span><\/p>\n

That means, the EU had been preparing to make limited concessions over the much-loathed Irish border backstop to help May convince Parliament to back her deal.<\/span><\/p>\n

But the after Tuesday night it is changed: European governments now believe a more fundamental shift is needed and the move has to come from the UK side, three diplomats said.<\/span><\/p>\n

\u201cThe government approaches these meetings in a constructive spirit and I urge others to do the same,\u201d May told the House of Commons after winning the confidence vote. \u201cBut we must find solutions that are non-negotiable and command sufficient support in this House.\u201d<\/span><\/p>\n

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