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Economy

EU negotiator, Council chief tell Britain's Theresa May: No renegotiation

Updated : January 31, 2019 07:20 AM IST

With only two months left before Britain is due by law to leave the European Union, a narrow majority in the British parliament instructed May on Tuesday to go back to Brussels to revise what is arguably the most intractable part of the deal.
The 11th-hour uncertainty leaves Britain's investors and allies trying to gauge whether the crisis will end up in a deal, a chaotic 'no-deal' Brexit on March 29, a delay, or no Brexit at all.
In essence, May will use the implicit threat of a 'no-deal' Brexit to seek a deal from the other 27 members of the EU, whose combined economy is about six times the size of Britain's.
EU negotiator, Council chief tell Britain's Theresa May: No renegotiation

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