In the Brexit latest, Prime Minister Theresa May announced yesterday in the House of Commons that “95% of the withdrawal agreement and its protocols are now settled”.

She told MPs that the remaining 5% still to be negotiated was “the backstop”.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Four steps to victory

May outlined four steps to break the impasse between the UK and the EU over the Northern Ireland backstop issue:

  1. Making a “temporary UK-EU joint customs territory legally binding so that the Northern Ireland-only proposal is no longer needed”.
  2. To flesh out the option of extending the implementation period, or what has previously been called the transition period, “as an alternative to the backstop”.

Although she said she did not think this option was desirable or would be necessary.

May explained that extra time, “a short extension” might be worthwhile in that it would mean “only one set of changes for businesses at the point we move to the future relationship”.

  1. To ensure that either the time extension or the backstop would be temporary.
  2. Lastly, the Prime Minister said she must “deliver the commitments” made for continued access for Northern Ireland businesses to the UK market.

Breaking the impasse

Once May had outlined her four steps in the Commons, she added: “Let us remember that all these steps are about insurance policies that no one in the UK or the EU wants or expects to use, so we cannot let this become the barrier to reaching the future partnership we all want to see.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We have to explore every possible option to break the impasse, and that is what I am doing.”

Language

Hinting at comments from over the weekend from rogue Tory MPs, where aggressive language and imagery was used to predict the Prime Minister’s demise, she said: “It is incumbent on all of us in public life to be careful about the language we use.

“There are passionate beliefs and views on this and other subjects, but whatever the subject we should all be careful about our language.”

The People’s Vote march

There were calls for a response to the People’s Vote march from Saturday that took place in London and which one Labour MP described as “those reasonable voices”.

May said: “I believe it is right that we gave the people the vote in 2016. They voted to leave and we will deliver on that.”

To a fellow Conservative MP, she said: “I can absolutely guarantee to my honourable friend that we will be leaving the EU on 29 March 2019.”