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What Happens to the United Kingdom Now?

From project-syndicate.org

The United Kingdom’s Brexit psychodrama continues. Although the UK government and the European Union reached a revised withdrawal agreement in mid-October, Prime Minister Boris Johnson was unable to push the deal through Parliament so that the UK could leave the bloc by his hoped-for date of October 31. EU leaders have therefore granted a further three-month extension of the Brexit deadline until January 31, and the UK will now hold a parliamentary election on December 12, which may help to resolve the current impasse. Johnson secured the withdrawal agreement partly by reversing his previous position and accepting a ... (full story)

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  • Category: Fundamental Analysis