Brexit Development Update 5-10-19

Baskar Sundaram
Baskar Sundaram
Brexit

Top 5 Brexit News This Week

  • At the Conservative party’s annual conference in Manchester, PM Boris Johnson introduced his version of the ‘take it or leave it’ Brexit plan. Three rejections in the Parliament led the PM to publish a letter to EU President, Jean-Claude Juncker, setting out plans for a new and final Brexit deal. The UK would start looking at a ‘no-deal’ Brexit in case the EU denounces the latest offer (…)

 

  • Boris Johnson’s latest six-page Brexit proposal was published for the first time. In this proposal, PM Johnson has offered to ditch the controversial Irish backstop and instead replace it with a special relationship between Northern Ireland and the European Union for four years. EU officials have only a weekend to look at the proposal (…)

 

  • Members of the European Parliament (MEPs) are likely to reject PM Johnson’s current proposal, largely due to a ‘two borders’ plan – a customs barrier in Ireland, with inevitable checks, and oversight of the regulatory border between Northern Ireland and Great Britain (…)

 

  • The Government plans to suspend the parliamentary session on October 8th again. Suspending parliament means that Prime Minister’s Questions’ (PMQs) session would not be held next week, wherein, the lawmakers get an opportunity to question the PM. (…)

 

  • Labour leader – Jeremy Corbyn stated that PM Johnson is likely to face a hostile reception in Parliament, as his offer is worse than the previous ones presented by Theresa May (…)

EU Speaks

  • The Irish government rejected PM Boris Johnson’s new Brexit draft before he even announced it officially. The Irish Deputy Prime Minister Simon Coveney along with other EU officials denounced the conditions in the plan, claiming it to be ‘fundamentally flawed’ (…)

Businesses Respond

  • Japanese auto giant – Nissan has claimed that it will review its decision to build the Qashqai SUV in Northern England in the event of a no-deal Brexit. This could potentially lead to the closure of the Sunderland plant (…)

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