Reed Cavendish Wealth Management - Germany and Ireland Urge British MPs to Support Brexit Deal
Reed Cavendish Wealth Management - EU offers additional clarification on Irish backstop in an effort to support May in upcoming parliamentary vote.
TAIPEI CITY, Taiwan, January 8, 2019 (Newswire.com) - After emphasizing its unity with Ireland, Reed Cavendish Wealth Management analysts say Germany has called on British MPs standing against Theresa May and her Brexit draft agreement to stop hoping that the European Union will revisit Brexit negotiations.
The European Union has stood firm in its refusal to allow a hard border with Ireland and Germany’s foreign minister has explained that a hard border with Ireland would stand in the way of the primary aim of the European Union – to establish and maintain peace.
With less than three months to go until the UK is due to leave the EU, the fate of Brexit remains uncertain. Theresa May faces deep division within her own party with many MPs planning to vote against her in the upcoming meaningful vote in parliament.
Harvey Grace, Director of Private Clients at Reed Cavendish Wealth Management, says that even the possibility of a no deal disorderly Brexit cannot be ruled out at this point and that the consequences of this would be devastating for the British economy.
At the eleventh hour, the European Union’s Brexit negotiators have announced that they will provide further reassurances as well as written explanations on the Irish backstop clause in a bid to offer additional support to May and her Brexit deal.
Reed Cavendish Wealth Management analysts say that although the EU has stated it does not wish to make use of the Irish backstop for an indefinite period of time, at this point and if a deal is to be made, it is an absolute necessity.
Source: Reed Cavendish Wealth Management