The fate of Brexit looks more doubtful than ever. Negotiations remain stalled over the Irish border.
Any further delays in implementing Brexit could well open the door for a second referendum. One that would likely see the ‘remain’ voters victorious. Right up until the third referendum, that is.
Whatever the outcome, it’s looking increasingly likely that British Prime Minister Theresa May won’t be the prime minister by the time it’s decided.
May is committed to Britain’s exit from EU
May remains committed to Britain’s exit from the European Union, and is insisting uneasy MPs support her in these final stages. Even if a deal is close, conversations are strained.
May’s Brexit plans have faced much controversy, aggravating many EU supporters and sceptics.
After failing once more to confirm a deal last week at the EU summit, May has attempted to soothe the frenzy in parliament.
According to RAW, Theresa May told a combative session of parliament on Monday, ‘Serving our national interest will demand that we hold our nerve through these last stages of the negotiations, the hardest part of all’.
The sterling fell below US$1.30 (AU$1.83), which is lowest since 4 October, on the possibility that May could be replaced as prime minister by members in her Conservative Party.
Northern Irish ‘backstop’ talks have paused
With Britain expected to exit the EU in a little over five months, the talks in regards to so-called Northern Irish ‘backstop’ have paused. This was to be a policy to ensure that there isn’t a return to a hard border between Ireland and Northern Ireland post-Brexit, even if a Britain-EU trade relationship isn’t established in time.
May has tried to pursue continued talks by suggesting a deadline to a status-quo conversion period beyond December 2020 — the existing planned end date. This has further angered members of her divided Conservative Party — both anti and pro EU.
In an effort to focus on the amount of progress with the EU that has been made over a year, May stated that the government has come to an agreement on everything from future security to Gibraltar.
As she said in Parliament:
‘Taking all of this together, 95 per cent of the Withdrawal Agreement and its protocols are now settled.
‘The shape of the deal across the vast majority of the Withdrawal Agreement is now clear.’
While it may be progress, Britain’s split will not occur until both sides agree on border issues between Northern Ireland and EU member state Ireland.
By Molly Wilson
PS: The global elites could be waging a stealth war on cash even as you read this. This free report reveals more. And three actions you can take today to help safeguard your financial privacy.