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Brexit latest – More indecision!

Brexit latest update – more indecision

EU defer extension decision 25th October 2019

EU defer decision on extension length as UK PM Boris Johnson puts forward plan for December election.

European Union members agreed in principle a Brexit delay – but deferred a decision on the length of the extension until after Parliament votes on Monday 28th on Boris Johnson’s proposal for an early general election in December. Johnson has indicated for the election to take place on 12th December.

Chancellor of the Exchequer Sajid Javid conceded the UK will not meet Johnson’s ‘do or die’ pledge to leave the EU on 31st October.

  • EU ambassadors met in Brussels on Friday morning
  • Johnson proposes 12. December for general election, but needs two-thirds majority in Parliament
  • Opposition Labour leader Jeremy Corbyn says threat of ‘no-deal’ Brexit must be removed before he’ll back and election.
  • Sajid Javid says government will keep ‘pushing’ for an early election until it gets its way
  • Boris Johnson’s goes for a double gamble on an unpredictable election
  • EU Is not planning Summit for extension decision
  • Parliament this week finally voted in favour of the latest Brexit deal but not on the ‘time-table’
  • Curious if you think about it – time table voted down but parliament have had more than three years to debate and pass Brexit?

Brexit market affect this week so far – FTSE 100

The FTSE 100 closed at: 7150 on Friday 18th October. As of Thursday 24th October the FTSE closed at: 7328. That’a a move up of 178 points. So in general the FTSE 100 has ‘enjoyed’ a more positive week. This, despite parliament’s continual attempt to thwart Brexit.

Three years and counting

It’s taken more than three years to debate Brexit and we still do not have a decision! In my humble opinion this parliament is broken and needs fixing!

Even if Brexit is finally passed by this parliament, we will still need to have a ‘clear out’ as the old set of disruptors will still be arguing about every policy and bill that comes before the house.

The country voted to leave and leave we must.

Please uphold that democratic decision.

Move over parliament.

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