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Brexit delay may mean end of May, Implications of exit for UK and EU

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Brexit delay may mean end of May, Implications of exit for UK and EU

Commentary: Brexit delay may mean end of May

By James Smith in London

The agreement struck by the EU on the UK’s Article 50 negotiating period was a difficult compromise, with few predicting the six-month extension. Theoretically, that should be long enough to facilitate change, if the political will exists. But one major reason to believe October could be too early is that the UK might have a new prime minister by then. Theresa May told Conservative MPs that she would step aside if her deal was passed, having also said in fairly strong terms that she couldn’t stay if Article 50 was extended beyond June.

Read the full commentary on the website.

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Podcast: The political and economic implications of Brexit for the UK and EU

Sir Jonathan Faull, partner and chair of European public affairs at Brunswick, and Thomas Costerg, senior economist at Pictet Wealth Management, join Chris Ostrowski, director of commercial partnerships at OMFIF to discuss the implications of the UK’s withdrawal from the European Union. Further topics include the significance of the latest Brexit delay, the long-term outlook for trade relations, and whether the European Free Trade Association will be reinvigorated.

Listen to the recording, or search for OMFIF on your smartphone’s podcast app.

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