Pro-Brexit U.K. Ministers Are Plotting to Prevent a Long Delay
(Bloomberg) -- Pro-Brexit Cabinet ministers are meeting to plan their strategy for stopping Theresa May agreeing to a long delay to Brexit that would involve the U.K. taking part in European Parliament elections.
The meeting is taking place on Tuesday evening in London in an effort to shape what the prime minister asks the European Union to agree to, people familiar with the matter said.
May will travel to Brussels on Thursday for a summit of EU leaders, and is expected to write a letter to the bloc first, asking them to extend the Brexit deadline beyond March 29. The U.K. government is weighing up whether to ask for a long delay of as much as a year or more, or a shorter one, the people said.
Pro-Brexit Tories hate the idea of a long delay because it would mean the U.K. has to take part in European Parliament elections in May. That would be seen as a failure to deliver Brexit, potentially unleashing a wave of anti-government euroskepticism which could split the ruling Conservative party and bring down the government, one of the people said.
To contact the reporter on this story: Tim Ross in London at tross54@bloomberg.net
To contact the editors responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net, Robert Hutton, Emma Ross-Thomas
©2019 Bloomberg L.P.
-
Talking Points This Week: Leadership Shock At Nvidia, Earnings Strength, And The Fog Over Hormuz
The Anthropic IPO pricing and first trading day, Nvidia's upcoming earnings, and any fresh signals from Iran will set the tone for the following week.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.