While the House of Commons destroys the UK’s hard-won political stability with its multiple Brexit votes, the end is nigh. Europe cannot allow this fiasco to continue for a moment longer than March 29. Divisive elections are due in May, the EU economy is collectively approaching recession, the euro is in deep trouble, the European banking system is decidedly unstable and social unrest is still ongoing in France. Quite apart from the legal implications of an extension, the EU must stop the Westminster saga and focus on these challenges. If it cannot act decisively on Brexit now, then it has little hope of withstanding the perfect storm that’s heading straight at it. The House of Commons will probably vote for Theresa May to request an extension to the UK’s departure date. But the answer from Brussels will be as follows. “The deal is on the table. Either you take it, as is, or leave on March 29.” The option of the UK collectively grovelling and pleading to stay after all have left the...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now