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The Brexit deal explained

18.10.2019 3:25

What are the key changes and what do they mean?

Tags: Brexit
From: www.politico.com

UK heading for 'fairly hard' Brexit if Johnson deal passes

18.10.2019 3:00

Britain will be on course for more distant economic ties with the European Union, making the country poorer, if Prime Minister Boris Johnson wins parliamentary backing for the Brexit deal he clinched with Brussels on Thursday (Oct 17).

From: www.straitstimes.com

British PM Boris Johnson now needs to sell his Brexit deal to suspicious MPs

18.10.2019 2:44

Overnight Boris Johnson announced a deal had been struck between the EU and the UK.

From: www.sbs.com.au

Asian shares slump after weak China GDP, pound retreats

18.10.2019 2:31

Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal.

Tags: UK, EU, Stocks, Brexit
From: feeds.reuters.com

DUP will lobby lawmakers to vote against PM Johnson's deal - Wilson

18.10.2019 2:18


Voting down Prime Minister Boris Johnson's Brexit deal will open up better opportunities for the government and the Northern Irish party which supports him in government will be lobbying other lawmakers to rebel, its Brexit spokesman said. Sammy Wilson, a lawmaker for the Democratic Unionist Party, told BBC Radio that the party's 10 lawmakers in Westminster will vote against Johnson's deal when it comes before parliament in an extraordinary sitting on Saturday.

Brexit march London: Saturday People's Vote protest route, map, times and more

18.10.2019 2:02

Thousands of protestors are set to march through London this weekend to demand the public is given a final say on Brexit.

Tags: London, Brexit, USA
From: www.standard.co.uk

Brexit deal latest LIVE: Boris Johnson in race against time to win over MPs before Commons showdown

18.10.2019 0:56

Boris Johnson is facing a race against time to sell his last-minute deal to MPs before a crunch vote as he returns from Brussels in a "very confident" mood.

From: www.standard.co.uk

EU leaders to discuss US$1.2 trillion post-Brexit budget

18.10.2019 0:19

European Union leaders will discuss a new budget plan on Friday (Oct 18) that could allow the bloc to spend up to 1.1 trillion euros (S$1.64 trillion) in the 2021-2027 period, but deep divisions among governments could block a deal for months.

From: www.straitstimes.com

Boris Johnson’s Brexit Deal Is Nothing to Celebrate

18.10.2019 0:01


(Bloomberg Opinion) -- The deal that U.K. Prime Minister Boris Johnson has just negotiated with the European Union isn’t the worst conceivable outcome to the long saga of Brexit. Unfortunately, that’s about the best one can say for it.Johnson had vowed to improve on the exit agreement secured by his predecessor, Theresa May, and arguably he has succeeded in some respects. His deal replaces the hated U.K.-wide “backstop” that May agreed to with one that applies only to Northern Ireland; leaves Northern Ireland aligned with the EU’s single market; imposes a customs boundary in the Irish Sea, thereby avoiding a hard border with Ireland; and creates a complicated system for lawmakers to eventually opt out of the arrangement.This approach resolves or elides some of the dilemmas that led Parliament to reject May’s deal three times over. And it’s surely better than a chaotic and costly no-deal exit.Even so, it’s nothing to celebrate. By ditching the customs union and abandoning May’s commitment to a close trading relationship in goods, it will wrench Britain further away from the EU and impose more costs and barriers. By one estimate, based on the government’s stated goals, Britain’s per-capita gross domestic product could be reduced by more than 6% over 10 years, only slightly better than leaving with no deal at all.The rationale for this approach is that the U.K., free of the EU’s meddlesome restraints, will be able to conclude its own free-trade deals around the world. There are reasons for skepticism. Of the 40 or so deals the EU has in place, Britain has so far managed to “roll over” just 15. And by the government’s own reckoning, additional deals would probably add only about 0.7% to GDP over the long-term.More ominously, Johnson’s deal could place further strain on Britain’s union. Scotland may demand similar treatment to Northern Ireland or once again pursue independence. The logic of a united Ireland may become more compelling as Great Britain and Northern Ireland diverge. Even many Welsh now say that independence would be preferable to leaving the EU, a sentiment that could intensify as the U.K. becomes less competitive.With the Brexit deadline of Oct. 31 bearing down, Parliament will convene Saturday to consider the deal. Its prospects are tenuous. The Democratic Unionist Party, which props up Johnson’s ostensible majority, has already rejected it. Brexit hardliners may yet find it insufficient. (Nigel Farage, for one, insists the deal is “not Brexit.”) And Johnson will have to plead for votes from quite a few Tories whom he recently expelled from the party.The best path forward would be for lawmakers to demand that this deal, if it passes, be ratified by a second referendum. That would confer some measure of democratic legitimacy on a bargain that looks very different from what Brexit campaigners originally promised. It would give voters an informed choice now that the costs and benefits of leaving are clearer. And it would make the deal more sustainable as Britain and the EU prepare for many months of grueling talks over their future relationship.Not least, it would also offer voters a final chance to do the right thing and reverse this calamitous process. Johnson’s deal may have avoided the worst. But the one thing it cannot paper over is that Brexit remains a terrible idea.--Editors: Timothy Lavin, Clive Crook.To contact the senior editor responsible for Bloomberg Opinion’s editorials: David Shipley at [email protected], .Editorials are written by the Bloomberg Opinion editorial board.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

'End the agony': What the papers say as MPs prepare to vote on Brexit deal in Commons showdown

18.10.2019 0:01

Boris Johnson and his Brexit deal have taken centre stage on today's newspaper front pages after the Prime Minister sealed an agreement with EU leaders in Brussels.

From: www.standard.co.uk

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