PRIME MINISTER BORIS JOHNSON, UK PRIME MINISTER/BLOOMBERG
Negotiators from the UK reached an agreement with officials in Brussels that could pave the way for Britain to finally break 46 years of ties with the European Union this month, reported Bloomberg.
European Commission President Jean-Claude Juncker hailed the deal as fair and balanced. The deal now needs the backing of the UK Parliament, with a vote expected anytime over the weekend.
The Parliament vote is the final, treacherous hurdle for Prime Minister Boris Johnson to clear before he can complete his ambition of leading Britain out of the EU. Earlier after the announcement of the deal, Northern Ireland’s Democratic Unionist Party signalled it did not accept key aspects of the agreement being drafted.
In a tweet, Prime Minister Johnson, said, “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.”
Negotiators in Brussels and London this week have gone from optimism to dismay and back again, with the pound twitching at every murmur. The two sides pledged to establish a wide-ranging free trade agreement, reach a deal on services that goes beyond WTO levels as well as agree equivalence for financial services firms, allow free movement of capital and establish visa-free travel for short-term visits.
EU chief Brexit negotiator Michel Barnier told reporters in Brussels that he believes the deal can be ratified by the end of October 2019.
Most importantly Johnson, who became the face of Brexit during the 2016 referendum campaign, needs to convince the DUP he is not selling them out and to persuade Brexit true-believers that this is a real separation rather than a pointless fudge.
MOST READ
ECONOMY
Oman plans to raise $1 billion to plug its...ECONOMY
Refinitiv partners with Complyfin in the UAEECONOMY
Abu Dhabi plans AED 10 billion in PPP tendersECONOMY
US weighs higher tariff ceilings in a bid for...ECONOMY
GCC oil wealth could be over by 2034 without...ECONOMY
Jordan agrees $1.3 billion IMF programmeECONOMY
Expo 2020 Dubai to contribute 1.5 per cent to...ECONOMY
US and China sign phase one of the trade...
CPI Financial was established in Dubai in 1999 to meet the needs of an ever-expanding financial community, offering a comprehensive portfolio of market-leading products and services tailor-made for the banking and financial services sectors.
Loading More post
