As British Prime Minister Theresa May scrambles to secure a Brexit extension at Wednesday's crucial EU summit, where is the whole process heading?
-- the original deadline was March 29 -- and EU leaders will ask May to explain what another postponement would achieve.could generate economic shockwaves on both sides of the Channel and cause severe delays at border points, despite preparations to mitigate these risks.to get her deal through parliament, May is currently locked in talks with the opposition Labour Party -- who favour keeping closer ties with the EU -- to try and break the impasse.
If they agree a deal, Brexit could still happen before Britain has to take part in European Union elections on May 23.allows for a long transition period and time for trade ties to be negotiated. In a desperate gamble to get the deal over the line, May even told her MPs that she would resign before the start of full-blown trade negotiations with the EU if they backed it, but it still failed.If no deal is agreed in the coming days, Britain will likely face a delay of up to a year, which would entail it holding European Parliament elections.
A general election would reset parliament, and a clear outcome with a government majority could result in a much stronger administration.
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