“Today, the UK Government has formally requested a 3 month extension to Brexit – from 29 March to 30 June 2019.
This comes following the Government’s repeated failure to have the House of Commons endorse the ‘deal’ comprising the withdrawal agreement (which would create a standstill period from 29 March to December 2020) and a political declaration on the UK’s future relationship with the EU; and the House’s refusal to allow the UK to Brexit without a deal.
If the extension request is accepted by the EU, Brexit would take place on 30 June, and the 19 month transition period would start on that date. "
“But many questions and uncertainties remain:
- First, the extension request needs to be accepted by all 27 remaining EU member states – and there are early indications that some might oppose an extension beyond the date set for European Parliament elections on 23 May.
- Secondly, what will an extension achieve: will it make it any more likely that the House of Commons will endorse the deal that it has twice already rejected?
- Third, will the House accept the extension?
- Fourth, will a further, longer extension be required, which may only be accepted by the EU if justified by a substantial rewrite of the deal, a general election or a second referendum?"
“For these reasons, departure on 29 March without a deal remains a possibility – with all of the calamitous consequences that would bring for trade and the economy. But so do a much longer delay and, indeed, a complete rethink by the UK on what Brexit involves and whether it should happen at all.”
To schedule an interview with Matthew Levitt please contact Adam Leviton [email protected]
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