Johnson Rules Out Extension as EU Warns of Cliff: Brexit Update

Posted on AllSides December 17th, 2019
From The Left

Boris Johnson spooked markets by putting the threat of a no-deal Brexit back on the table. His plan to change the law to ensure the transition phase in the U.K.’s divorce from the European Union is not extended past Dec. 31, 2020 triggered a sharp fall in the pound and a warning from the bloc to prepare for a new “cliff-edge situation.”

Key Developments:
Prime minister plans to change law to prevent extension of Brexit transition period; pound erased gains made since the election

EU warns that ruling out...

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