financetom
Economy
financetom
/
Economy
/
Brexit delay will not solve the impasse over deal, PM May says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brexit delay will not solve the impasse over deal, PM May says
Feb 25, 2019 10:24 AM

Delaying Britain's exit from the European Union does not deliver a deal and merely delays the big decision on Brexit, Prime Minister Theresa May said on Monday.

Share Market Live

NSE

"An extension to Article 50, a delay in this process, doesn't deliver a decision in parliament, it doesn't deliver a deal," May said.

"What it does is precisely what the word 'delay' says. It just delays the point at which you come to that decision. And I think that any extension of Article 50, in that sense, isn't addressing the issue. We have it within our grasp."

She added: "Any delay is a delay, it doesn't address the issue, it doesn't resolve the issue."

Speaking about talks with EU leaders, May said:

"What I have sensed in all of my conversations with my fellow leaders in Sharm el-Sheikh, and in recent days, is a real determination to find a way through, which allows the UK to leave the EU in a smooth and orderly way with a deal."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Yellen to warn that eroding US democracy, Fed, threatens economic growth
Yellen to warn that eroding US democracy, Fed, threatens economic growth
May 1, 2024
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will make the argument on Friday that strong democratic institutions -- including an independent Federal Reserve -- are a key foundation for sustained and shared growth and prosperity, according to excerpts of remarks released by the Treasury. Yellen, in an address to the McCain Institute's Sedona Forum in Arizona, will say that...
Yellen to warn that eroding US democracy, Fed, threatens economic growth
Yellen to warn that eroding US democracy, Fed, threatens economic growth
May 1, 2024
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen will make the argument on Friday that strong democratic institutions -- including an independent Federal Reserve -- are a key foundation for sustained and shared growth and prosperity, according to excerpts of remarks released by the Treasury. Yellen, in an address to the McCain Institute's Sedona Forum in Arizona, will say that...
Explainer-Charting the Fed's economic data flow
Explainer-Charting the Fed's economic data flow
May 1, 2024
(Reuters) -The U.S. Federal Reserve is expected to hold its benchmark overnight interest rate steady in the 5.25%-5.50% range at the end of a two-day meeting on Wednesday, with the release of a new policy statement scheduled at 2 p.m. EDT (1800 GMT). Fed Chair Jerome Powell will hold a press conference half an hour later. With new economic projections...
US manufacturing sector regresses in April; prices paid near two-year high
US manufacturing sector regresses in April; prices paid near two-year high
May 1, 2024
WASHINGTON(Reuters) - U.S. manufacturing contracted in April amid a decline in orders after briefly expanding in the prior month, while a measure of prices paid by factories for inputs approached a two-year high. The Institute for Supply Management (ISM) said on Wednesday that its manufacturing PMI dropped to 49.2 last month from 50.3 in March, which was the highest and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved