Britain leaves with or without a deal on October 31, says Boris Johnson
The frontrunner to become Britain’s next prime minister has said that the UK will leave the EU with or without a deal in place if he wins Conservative Party leadership race.
MP Boris Johnson, the man pipped to become the next leader of the Conservative Party, has vowed that he will ensure that Brexit goes ahead on October 31 with or without a deal.
Johnson made the statement in a campaign video that on Monday, with the former British foreign secretary and ex-London Mayor officially throwing hat in the ring to become the next prime minister.
Brexit means Brexit
The Confederation of British Industry (CBI), a leading business lobby group, penned an open letter to all Conservative Party leadership candidates on Friday urging them to avoid a no-deal Brexit.
But despite British businesses in favour of an orderly exit from the bloc, Johnson is adamant that Britain will leave the EU no matter what.
‘If I get in we’ll come out, deal or no deal, on October the 31,’ he said in a campaign video released on Twitter.
No-deal Brexit must be Plan B
As it stands, there are 12 MPs vying to leader the Conservatives Party. Earlier this week on of the candidates, Esther McVey wrote in a column for the Daily Telegraph how Britain must ‘actively embrace leaving the EU without a deal.
Meanwhile, the frontrunner, Boris Johnson, made it clear that he intends renegotiate the terms of May’s withdrawal agreement with the EU, despite officials in Brussels repeatedly stating they have no interest in redrafting the Brexit deal already on the table.
‘I don't think any of the leadership candidates are advocating no deal as their plan A,’ Co-Founder of Economists for Brexit Gerard Lyons said in an interview with the BBC.
‘One has to have a plan B. No deal, whether we like it or not, has to be plan B.'
This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.
Be ready to act on ECB opportunities
Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in 30 January 2025.
- How might the next meeting affect the markets?
- What are the key rate decisions to watch?
- Why is the Governing Council announcement important for traders?
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.