Tags: Brexit | citi | brexit | deal | delay

Citi: Prospects for Brexit Deal Look Weak So Brace for Delay

Citi: Prospects for Brexit Deal Look Weak So Brace for Delay
(Elnur/Dreamstime)

Wednesday, 02 October 2019 11:14 AM

U.S. investment bank Citi said the Brexit proposals of British Prime Minister Boris Johnson appeared to fall foul of European Union red lines so an extension and election were likely.

"The UK’s proposals seem to fall foul of established EU red lines," Citi said. "We think the prospects for a deal continue to look weak.

"If a deal is not forthcoming, we expect an extension to be secured and a general election to follow subsequently," Citi said. "Putting forward new plans at such a late stage, and on a ‘take it or leave it’ basis, sets up a clear blame-game in the event of an extension and a general election." 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
U.S. investment bank Citi said the Brexit proposals of British Prime Minister Boris Johnson appeared to fall foul of European Union red lines so an extension and election were likely."The UK's proposals seem to fall foul of established EU red lines," Citi said.
citi, brexit, deal, delay
110
2019-14-02
Wednesday, 02 October 2019 11:14 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved