Brexit Series: Prime Minister Boris vows to exit on October 31st deal or no deal

Britain’s new Prime Minister, Boris Johnson, who had campaigned for Britain to exit the European Union, has vowed to move the UK out of the European Union on 31st October 2019, when the current extension to get a deal done expires. Mr. Prime Minister said that under his leadership, the UK government would both prepare to negotiate a better deal, where there would be no backstop and prepare to tackle a disorderly exit from the European Union without an agreement.

The Prime Minister stressed that while he prefers to exit with an agreement and would work to get one done, Britain needs to exit the European Union on 31st October even if there is no agreement, as not dong such would seriously undermine the British democracy if the government fails to honor a democratic mandate.  

The European Union has criticized Mr. Boris’s threat to withhold $39 billion payment to the European Union in case of the UK exit without an agreement. In such a case, that money would be spent in the UK to smoothen the impact of a no-deal Brexit. The European Union’s chief negotiator Michael Barnier called the stance as unacceptable and cleared that no other deal is currently in the offering.