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EU agrees to extend Brexit for three months

EU agrees to extend Brexit for three months

EU leaders have agreed to extend the Brexit deadline for three months until 31 January 2020, meaning that UK will not leave the EU membership next Thursday, with the option of leaving the UK in an earlier date if the deal is approved.

European Council President Donald Tusk announced on Monday that the E 27 countries had agreed that they would accept the UK's request to departure the bloc on January 31, 2020.

“The EU 27 has agreed that it will accept the UK’s request for a new flextension until 31 January 2020. The decision is expected to be formalized through a written procedure,” Tusk said.

This extension enables the UK to add another three months to the previous exit date of October 31, as well as the possibility of departing on the first day of any of those months if the withdrawal agreement is approved in both Westminster and the European Parliament.

Although British Prime Minister Boris Johnson reached a deal that would shape the EU-UK relationship after the exit process - which he had hoped to complete on 31 October – the Parliament decided to postpone the deal for discussion.

Johnson said he would put the proposal for a general election before Parliament later in the day.

The extension would increase party support within the British Parliament, where the Liberal Democrats and the Scottish National Party will support the general election on 9 December if no agreement is reached on 31 October.

In the same vein, Labour insists it will not support the election unless there are additional guarantees that the UK will not collapse on 31 January.

As of 11:41 GMT, the British pound rose against the U.S dollar 0.09 percent to 1.2833.while against the euro slumped by 0.07 percent at 1.1563.

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