Boris Johnson Issues Ultimatum to EU Over Brexit Talks as Pound Slumps
- New premier won’t start talks unless bloc reopens deal
- Pound falls to lowest level in two years on no-deal concern
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Prime Minister Boris Johnson will not start talks with European Union leaders over Brexit unless they first agree to his demand to reopen the divorce deal they struck with his predecessor, Theresa May, his office warned Monday. So far, EU leaders have refused.
The pound fell to its lowest in two years on growing fears the new premier will steer Britain into an economically damaging no-deal split. Johnson stepped up the government’s preparations for leaving the EU without an agreement as his senior officials warned that the country will have no choice, if the bloc does not change its approach to further negotiations.