Brexit delayed until October


Brexit delayed until October

This week the Brexit saga took another step towards its ultimate outcome, dragging on into infinity. A conditional delay to the end of October 2019 is welcome but unlikely to change anything. Hopefully government will use this time to come up with a workable solution, but don’t be surprised if we have to beg for another extension after this one. The hard-irreconcilable truth is that a desirable Brexit isn’t deliverable either by WTO, reopening the withdrawal agreement or any other means, and a deliverable Brexit isn’t desirable, as Theresa May discovered in three separate Commons defeats.

Even if the Brexit process comes to a halt, as seems possible, it isn’t going away. The uncertainty that is weighing on investment will always be present when every election, leadership contest or opinion poll threatens to kick the whole process off again. While the current political situation seems unlikely to deliver Brexit, it is still all that we’ll be talking about for many years to come.

Read what the team at FE consider to be significant over the current week.