Labour: No agreement reached in Brexit talks – RTE

Anil Panchal FXStreet

The RTE reported that the Labour Party has confirmed the failure to reach agreement during cross-party Brexit talks in London. The news came after the British government's official acceptance that it cannot get a withdrawal deal through the Houses of Parliament in time to avoid European elections on 23 May, the report said.

Key readings from the news report state:

Prime Minister Theresa May's effective deputy David Lidington confirmed the elections will go ahead, but said the government was "redoubling our efforts" to get a Brexit agreement ratified by the start of July so the MEPs elected this month will never have to take their seats.
Labour's business spokesperson Rebecca Long-Bailey MP confirmed negotiations on a new deal that could win a parliamentary majority have still to bear fruit.
Meanwhile, British Foreign Secretary Jeremy Hunt has said he is not a believer in a post-Brexit customs union with the European Union, but that both the Conservative and Labour parties should compromise to deliver Brexit.

Author

Anil Panchal

FXStreet

Anil Panchal has nearly 15 years of experience in tracking financial markets. With a keen interest in macroeconomics, Anil aptly tracks global news/updates and stays well-informed about the global financial moves and their implications.

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