Thursday, December 12, 2019

Johnson's 'get Brexit done' worked, but there is a reality check waiting

Election News
Prime Minister Boris Johnson appears set for a sweeping election victory on a promise to "Get Brexit done", but there is a reality check waiting for jaded voters who are feeling relieved that the messy divorce seems to be finally over.
It's just the beginning.
With early vote-counting indicating a handsome Conservative majority, Johnson should be able to finally secure parliamentary approval for the withdrawal agreement he struck with the European Union in October so that Brexit happens on Jan. 31.
Britain will then go into a status-quo transition period until the end of 2020, which Johnson has said leaves ample time to negotiate a new relationship with the EU, including on trade.
But EU diplomats and officials say the following issues will be sticking points which, if not ironed out, could yet take Britain to the cliff edge of a no-deal exit one year from now.
Time
The EU hopes to start trade talks with Britain by March, leaving just 10 months to strike a deal and get it approved by London and the EU, including member states' parliaments.

Trade agreements with the EU typically take years to complete, and few in Brussels believe the transition period will be long enough to seal a deal with Britain.The transition period can be prolonged by one or two years but London must request an extension by the end of June...Read More

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