UK’s Johnson: UK needs an Irish backstop exit mechanism for Brexit deal

Dhwani Mehta FXStreet

In an interview with BBC Radio earlier today, former British Foreign Secretary Boris Johnson noted that the UK government needs to secure changes to Brexit deal’s Irish border backstop such as a time limit and an exit mechanism, Reuters reports.

Key Quotes:

“Some of the ideas that the prime minister has mentioned in the House do seem sensible.”

“I think you would need a time limit.”

“I think I would want to look very carefully at what was being proposed and it would have to give the United Kingdom a UK-sized exit from the backstop.”

“The most promising way forward is to do what is called the Malthouse compromise. The exciting thing about this is that it actually has the support of colleagues on both sides.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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