The U.K.’s Accomplished Nothing Vis-à-Vis Brexit In Nine Months So Now They’ve Got Two Weeks

Maybe an even closer hard deadline will do the trick, but probably not.
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About the size of it. By European People's Party (Barnier-Daul) [CC BY 2.0], via Wikimedia Commons

About the size of it. By European People's Party (Barnier-Daul) [CC BY 2.0], via Wikimedia Commons

When we last checked in on the omnishambles that is the U.K.’s Brexit effort, things were not going so well. To be more precise, things weren’t really going at all, with “decisive steps forward” on some ancillary issues coupled with no progress at all on the real ones. The gravity of the situation had both Lloyd Blankfein and Prudential Regulation Authority chief Sam Woods worried, with the latter giving Theresa May & co. three months to get their shit together before said shit hit the fan.

That was a month ago, so you’d think that the Brits would still have a good two months to go before everything really falls apart. But, as it turns out, Sam Woods giving the government three months to hammer out some semblance of a plan was too generous, because Britain’s soon-to-be-former European partners want to see something in two weeks.

The U.K. has two-weeks to show the European Union that sufficient progress has been made on a trio of divorce issues for talks to move onto Britain’s future relationship with the bloc, the EU’s chief Brexit negotiator said Friday….

Mr. Barnier said “real and sincere” progress will be needed over the next 14 days.

“If that is not the case, then we will continue, and that will put back the opening of the discussions on the future,” Mr. Barnier said.

U.K. Given Two-Week Deadline on Key Brexit Divorce Issues [WSJ]
Pound Drops as U.K.’s Political Turmoil Grows [WSJ]

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