Boris Johnson urges rebel Tories not to ‘chop the legs’ with Brexit delay

  • Written by MarketWatch
  • Published in Economics

British Prime Minister Boris Johnson on Monday said a vote to delay Brexit would “chop the legs” of his negotiating position and that he didn’t want to hold a general election.

With protester chants audibly heard as he spoke outside of 10 Downing Street, Johnson said voting for a bill to delay Brexit until January would make further negotiations impossible. He said such a delay would be “pointless.”

Johnson said chances for a deal with the European Union were rising, “because they can see we are actually determined to strengthen our position by getting ready to come out.”

The delay bill, due to be voted on by Parliament on Tuesday, would push any exit past the current deadline of Oct. 31. U.K. media report that more than 15 members of Johnson’s own Conservative Party are likely to vote for the legislation.

“I don’t want an election, you don’t want an election,” he added amid heightened expectations that a general election may be announced within days.

The British pound GBPUSD, -0.7894%[1]   came under renewed pressure on Monday, falling to as low as $1.2036 from $1.2161. The Johnson speech itself didn’t move the currency very much. ...

References

  1. ^ GBPUSD, -0.7894% (www.marketwatch.com)

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