6/14, 2:33 PM (Source: TeleTrader)
more TeleTrader news

Johnson: I don't want no-deal Brexit, deal by Oct 31 realistic

Tory MP and the front runner to become the next leader of the Conservative Party, Boris Johnson, told BBC Radio 4 on Friday that he is not aiming for a no-deal departure from the European Union, but said that "predictions of doom and disaster" associated with such a scenario are wrong. Instead, Johnson said he favors a "managed, orderly and smooth Brexit" and added that getting a deal from the EU by October 31 is "perfectly realistic."

However, the former mayor of London stressed that if the country has to exit the EU without a withdrawal deal, then it has a responsibility to prepare for such an outcome. He went on to say that the best way to avoid a no-deal Brexit is to actively prepare for it. He cited the Irish backstop as the main flaw in the Brexit deal negotiated by Theresa May and stressed that the controversial provision could be replaced with alternative arrangements to avoid a hard Irish border.

Johnson's comments come a day after he won the first round of the Tory leadership contest, garnering the support of 114 out of 313 Conservative MPs.

Breaking the News / FH