
Christopher Haruna Hamman is a Freelance content developer, Crypto-Enthusiast and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.
British Prime minister enters a new deal with the European Union on the sidelines of EU leaders meeting in Brussels.
It appears that the British Prime Minister Boris Johnson has entered a dew deal with the European Union over Brexit. Sources indicate that the deal came on the sidelines of a meeting in Brussels of EU leaders. Although the legal context of the deal isn’t yet clear, the British Prime Minister has already indicated via a tweet that the deal gives control back to the British.
We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment #GetBrexitDone #TakeBackControl
— Boris Johnson (@BorisJohnson) October 17, 2019
Already, markets both European have been reacting negatively amidst the fears of a no-deal Brexit scenario. Already, the only sign of European stocks recovering on the STOXX 600 was only Ericsson rising 6.4 % due to the reporting of earnings that surpassed all expectations. The London markets are still already in the doldrums as the FTSE rose at a weak rate of 0.4 % while the Midcaps index fell 0.3 % and the Irish markets fell 0.3% as well.
While it remains yet to be seen if the parliaments of both sides will accept the new deal, already the Northern Irish have indicated their opposition to the new deal.
The Democratic Unionist Party has already indicated that it won’t accept the terms of the new deal. In a statement, the DUP said that they “could not back” the proposals as things stand. As such, they further stated that their original statement still stands.
The major issues which have been causing consternation, however, have been resolved. The fine points of the deal are as follows:
This new deal has been met with mixed reactions by members of the British parliament. Leader of the house of commons Jacob Rees Mogg has backed the new terms. Nigel Farage of the Brexit party has called for the arrangements to be rejected. The Liberal Democrats leader Jo Swinson has also called for the rejections while the DUP has still not changed their stance which has been earlier reported.
No 10 source says Johnson will ask leaders to rule out a further delay – he’s expected to ask them to make clear it’s ‘the new deal or no deal but no delays’ he will tell EU leaders
— Laura Kuenssberg (@bbclaurak) October 17, 2019
Sources indicate that the Prime Minister will request that the European Union leaders reject any requests for extension of Brexit while it is expected that parliament will on the new arrangements on Saturday. Already, parliament had passed a law in September that required the Prime Minister to request for an extension for Brexit if parliament had not reached a deal or backed a no-deal situation by October 19.
Christopher Haruna Hamman is a Freelance content developer, Crypto-Enthusiast and tech-savvy individual. He is also a Superstar Content Developer, Strategy Demigod, and Standup Guy.