May Accepts October 31 BREXIT Extension

May Accepts October 31 BREXIT Extension

2019-04-11T14:13:23+00:00April 11th, 2019|Export, Freight Market, Import, Shipping News|

The European Union (EU) has agreed to delay the United Kingdom’s departure from the EU until October 31, 2019.

The decision avoids a political crisis days after Britain’s Prime Minister, Theresa May, failed to come to an agreement with Parliament on a BREXIT strategy.

May has voiced her desire for a shorter delay, saying the UK would still aim to leave the EU as soon as possible; however, EU officials think October is long enough to relieve pressure on British lawmakers for a quick compromise.

The UK must now hold European elections in May or leave on June 1st without a deal.

“The choices we now face are stark and the timetable is clear,” said UK Prime Minister, Theresa May.  “So we must now press on at pace with our efforts to reach a consensus on a deal that is in the national interest.”

In the coming months, May will work to get her deal approved, promising to step down as Prime Minister if success is not achieved. May has been working with opposition Labor leader, Jeremy Corbyn, in a hopes to reach a compromise , but so far has proved elusive.

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