InvestorQ : Now that BREXIT is extended, what does it mean? Is the BREXIT risk over now?
rhea Babu made post

Now that BREXIT is extended, what does it mean? Is the BREXIT risk over now?

Answer
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11 months ago


The EU has agreed to give a 3 month extension for UK to get parliamentary approval for the BREXIT. The due date for BREXIT has been shifted from October 31 to January 31. This will give the UK House of Commons enough time to debate the bill threadbare and then come to a conclusion. However, there is still no guarantee that a solution will be found. If the UK House of Commons does not approve the BREXIT deal and the EU refuses to change the deal then the deadlock continues. Also, Johnson wants to call an election on 12 December and that could add to the confusion. The Labour Party has been calling for a second referendum on BREXIT but that public opinion is unlikely to change. If Johnson is able to call an election and if the Conservatives get a thumping vote, then you could see the BREXIT being hastened.