TELETRADER News
9/12, 6:00 PM (Source: TeleTrader)
more TeleTrader news

EU prepares to approve another Brexit delay - report

The European Union will probably grant another Brexit extension to the United Kingdom, a third one, so as to prevent the country from crashing out without a deal, Business Insider reported on Thursday.

According to a leaked memo, the resolution suggested that its authors would get behind another extension to the Article 50 process if its purpose would be to "avoid a 'no-deal exit,' to hold a general election or a referendum, to revoke Article 50, or to approve a Withdrawal Agreement."

UK Prime Minister Boris Johnson has repeatedly said that he has no intention of seeking another delay, despite lawmakers adopting a law which obliges him to do so.

Breaking the News / GG