Jean-Claude juncker has just said to the press that there will be no further delay, the EU will NOT allow an extension beyond 31st Oct.
So this means MP’s now face a clear choice, Deal or No Deal. This will be a shock to any opposition parties as they will no get the chance for a 2nd referendum.
What is in the deal?
Most of the deal is the same as the one agreed by Theresa May last year – the main change is the Northern Ireland proposals.
- The UK will continue to abide by EU rules until the end of 2020, and possibly longer, to allow businesses to adjust
- The UK will still pay an estimated £39bn “divorce bill”
- The rights of EU citizens living in the UK, and UK citizens in the EU, will be guaranteed
- Northern Ireland will be aligned to the EU single market
- The controversial “backstop” – that critics feared could have kept the UK in a customs union with the EU indefinitely – has been removed
- Northern Ireland will instead remain a part of the UK’s customs territory, so it will be included in any future trade deals struck by the government after Brexit
- But Northern Ireland will also remain an entry point into the EU’s customs zone. The UK will not apply tariffs to products entering Northern Ireland as long as they are not destined for onward transportation across the border
- A joint EU/UK committee will decide which goods are at risk of entering the single market and the UK will collect EU tariffs on them on behalf of the EU
- The Northern Ireland Assembly – which has been suspended since January 2017 – will get a vote every four years on whether to continue with the new trading arrangements
- The decision would be based on a simple majority, rather than requiring a majority of both unionists and nationalists to support the rules in order for them to pass