British Prime Minister Boris Johnson Enters New Deal with EU over Brexit

2019-10-17 13:57

Coinspeaker
British Prime Minister Boris Johnson Enters New Deal with EU over Brexit

It appears that the British Prime Minister Boris Johnson has entered a dew deal with the European Union over Brexit. Sources indicate that the deal came on the sidelines of a meeting in Brussels of EU leaders. Although the legal context of the deal isn’t yet clear, the British Prime Minister has already indicated via a tweet that the deal gives control back to the British.

We’ve got a great new deal that takes back control — now Parliament should get Brexit done on Saturday so we can move on to other priorities like the cost of living, the NHS, violent crime and our environment #GetBrexitDone #TakeBackControl

— Boris Johnson (@BorisJohnson) October 17, 2019

Already, markets both European have been reacting negatively amidst the fears of a no-deal Brexit scenario. Already, the only sign of European stocks recovering on the STOXX 600 was only Ericsson rising 6.4 % due to the reporting of earnings that surpassed all expectations. The London markets are still already in the doldrums as the FTSE rose at a weak rate of 0.4 % while the Midcaps index fell 0.3 % and the Irish markets fell 0.3% as well.

While it remains yet to be seen if the parliaments of both sides will accept the new deal, already the Northern Irish have indicated their opposition to the new deal.

The Democratic Unionist Party has already indicated that it won’t accept the terms of the new deal. In a statement, the DUP said that they “could not back” the proposals as things stand. As such, they further stated that their original statement still stands.

More details on this developing story will continue on Coinspeaker.

British Prime Minister Boris Johnson Enters New Deal with EU over Brexit

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