Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.
Brexit End Game in Sight
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Can the end to Brexit actually be in sight, after all of the struggles and negotiations? Technically the end game to Brexit is still unknown, but the current situation is beginning to resemble a game of chess, where we can see the direction the game is taking, but can't quite predict yet who will win.
Prime Minister Theresa May has set three votes in Parliament for three successive days next month. On March 12, Parliament votes on May's withdrawal agreement — which is essentially the one that previously got rejected by record numbers. On March 13, a vote is scheduled to decide whether or not to move ahead on a Brexit with no deal. On March 14, a vote is scheduled to decide whether or not to extend the exit date from its currently scheduled date of March 29.
If we get to that last vote, the European Union has indicated that it will allow for a short extension, but such an extension is not expected to last beyond June. This is due to the scheduled European parliamentary elections. If the UK really is going to leave the EU, EU leaders do not want the UK voting in those parliamentary contests.
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