InvestorQ : What is the latest on BREXIT? Is UK walking out of the EU on the scheduled date of October 31st this year?
Mitali Bhutta made post

What is the latest on BREXIT? Is UK walking out of the EU on the scheduled date of October 31st this year?

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Dawn Cherian answered.
2 years ago
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That is what the new British Prime Minister, Boris Johnson, had announced on the floor of the house that UK would walk out of BREXIT irrespective of whether there is a deal or not. However, thins may have gotten a little more complicated if you consider the latest ruling of the Scottish Court.

Last week, Boris Johnson, had announced that parliament would be suspended from the middle of October so that no last-minute differences would be able to sabotage the BREXIT date. While the EU was willing to give UK more time to get the proposal through parliament, Johnson is quite keen not to extend the date beyond October 31st. However, the opposition Labour Party had called this suspension illegal and had approached the Scottish Court to reverse the same.

On Wednesday, the Scottish Court overturned Boris Johnson’s decision to suspend parliament and immediately called upon all the representatives to return to work. That leaves a full 7 weeks for a debate during which the vote may either go for a no-deal BREXIT or even for a second referendum wherein the BREXIT decision may even have to be revoked. Parliament has also asked Johnson to put off the BREXIT date to 2020 to enable a more elaborate debate. In short the BREXIT decision may once again find itself in chaos.

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