EU Wants a Brexit Delay But Governments at Odds Over Length

  • Extension could be anything from 3 months to nearly 2 years
  • Prime Minister May plans Parliament vote on postponement
Brexit Cliff-Edge Merely Delayed, Not Off the Table, BAML Says
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The European Union has made no secret that it thinks Prime Minister Theresa May should delay Brexit day. The question is, for how long.

May on Tuesday promised the British Parliament a vote on a “short” postponement if it doesn’t approve her deal by March 12. EU officials are relieved it lessens the chances of a crash-out Brexit at the end of next month but say there must be a clear plan for what’s going to happen during the extra period. And because all 27 remaining leaders have to give their consent, they get to dictate terms.