The British Parliament is still evaluating Prime Minister Theresa May’s proposal for BREXIT, the United Kingdom’s plan to leave the European Union.
“More than two and a half years after Britons opted to leave the European Union, a divided country is still wrestling with the implications of that referendum decision and, as ever with Brexit, the answers seem to lie just over the horizon,” according to a report in the New York Times.
“Britain is scheduled to withdraw from the bloc on March 29 and, if there is no agreement by then, a disorderly and chaotic rupture could leave ports and highways clogged, store shelves empty and factories without vital parts,” according to the report.
It will also unquestionably have an impact on corporate real estate; our profession has been eagerly awaiting the resolution.
“Prospects of a second Brexit referendum are rising, gaining support among members of the Labour Party. But there are practical problems, and the idea has so far been resisted by the Labour leader, Jeremy Corbyn, a lifelong critic of the European Union,” the article said.