The Uncharted Territory of Brexit is Looking More Impossible to Navigate
Date: Tuesday, December 11, 2018
Source: The Wall Street Journal
The uncharted territory of Brexit is looking more impossible to navigate. British Prime Minister Theresa May’s postponement of a critical parliamentary vote on her proposal to leave the European Union throws her government’s plan into disarray, the WSJ’s Max Max Colchester writes. That brings the U.K. exit from the European Union without a negotiated agreement closer to reality. With a March 29 deadline for the U.K. to quit the EU, a fresh round of fevered negotiations is now needed to adjust the deal with Brussels and present it again to British lawmakers. British companies are already stocking up on supplies in case of disruptions in customs processes and the flow of goods under a “no-deal” Brexit. Mrs. May’s accord would keep the U.K. inside the EU’s customs areas indefinitely, but hard-line Brexit backers oppose that, saying it would undercut Britain’s ability to strike its own trade deals.