- Again, EU Accepts UK’s Brexit Extension Request
The European Union has agreed to extend Brexit until 31, January 2020 as requested by the UK Prime Minister, Boris Johnson.
Following the failure of the House of Commons to agree on draft exit approved by the European Union, Prime Minister Boris Johnson was compelled to invoke Benn Act signed into law in September by Parliament.
The Parliament had passed the Benn Act into law to request for a three-month period should they failed to reach an agreement on Saturday, 19th October.
Donald Tusk, the European Council President, said the European Union would allow what they tagged ‘flextension’, suggesting the UK could exit the union before 31, January 2020.
Tusk, in a tweet, said the 27 member nations have agreed to accept the UK’s request for an extension.
“The EU27 has agreed that it will accept the UK’s request for a #Brexit flextension until 31 January 2020. The decision is expected to be formalised through a written procedure,” Tusk stated.
While President Emmanuel Macron of France and even Prime Minister Boris Johnson have expressed concerns over the continuous delay of Brexit, the British local politics continues to hurt progress and growth in the Euro-area as businesses have suspended new investment plans until a clear Brexit path is announced.