UK PM Refuses To Request Approved Extension

September 9, 2019

By Orbex

Boris Johnson, Britain’s rather controversial Prime Minister, is running out of options.

Last Friday, a bill to block a no-deal Brexit by October 31st passed the House of Lords. It should now be made law as early as Monday.

The bill proposes that should Johnson fail to secure a deal with the EU by October 19th, he must go and beg for another three-month extension. The PM said he would “rather be dead in a ditch” than be forced to go back to ask for a pointless extension.

BoJo Refuses to Abide by Law

The Prime Minister has already made comments refusing to abide by the new law, even if Parliament demands that he do so. BoJo currently wants to ignore the piece of legislation and follow through with his original promise to “leave” Europe by the latest EU-approved deadline. However, that means he is risking jail time.


Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.




Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter






Dead in a ditch or in prison… Could the UK PM really be this determined?

PM Wants to Win Majority

The truth is that insisting on his aggressive strategy is likely to put him in a better position should he win a general election before October 19th. And that’s what I believe his end goal is. To scrap the law and secure an early election. But will he succeed?

With Ms Rudd’s resignation over the weekend, speculation that other ministers will take a hint increases. Boris has already sacked 21 Torry MPs who voted for an extension and seen his own brother giving up on him. And now, he’s watching his government falling apart around him.

So, Can A Hard-Brexit Still Occur?

Yes! In case the government wins an election before the House of Lords’ deadline, BoJo could carry on exiting without requesting an extension. But Labor refuses to go on a snap election before the PM guarantees that there will be no Brexit without a deal. Remembering Mr. Johnson’s decision to suspend Parliament for five weeks, defying Parliamentarians, an election is highly unlikely!

Irish Breakthrough Nearly Impossible

As the debate continues, the Irish PM has made it clear that the future of the Irish border neither does nor will hang on party-politics or BoJo’s promises. Varadkar also expressed his concerns on whether Johnson can strike a new deal with the EU without having the necessary backing from Parliament and from his own party.

By Orbex