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On Thursday evening at an E.U. summit, the leaders of the E.U. 27 finally took control of the Brexit process, by declaring the revised exit dates for the U.K. The March 29th deadline has been moved; if the U.K. parliament can’t agree to the withdrawal agreement, then it exits by April 11th, under a no deal exit. If it does agree the WA, then it has until May 22nd, to finally get the country organised.
These dates and decisions were a disappointment and further humiliation to Theresa May, who’d wanted to leave on June 30th. The E.U. have now forced British MPs to concentrate their minds over the next week, although technically the country now has three weeks to hold its meaningful vote for the third time, to try and leave under the terms of the withdrawal agreement.
Despite the clarity, Goldman Sachs have cut their odds, regarding the process and potential crash out, under a no deal scenario. They’ve cut the chances of MPs voting through Theresa May’s withdrawal deal to 50%, from 60% an...
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