UK: PM May preparing to delay the second vote on Brexit deal – Danske Bank

Arne Lohmann Rasmussen, chief analyst at Danske Bank, points out that according to The Telegraph (paywall), PM Theresa May is preparing to delay the second vote on her Brexit deal from next week until the end of February.

Key Quotes

“It means Article 50 deadline is likely to be extended, at least for technical reasons, as the UK would need more time to pass the necessary legislation.”

“Labour leader Jeremy Corbyn has also presented new demands for supporting a Brexit deal. Corbyn still wants a permanent customs union with the EU and wants the UK to stay closely aligned to the single market, something the Conservative Brexiteers will never support. With less than two months to go, the UK remains divided and pressure is increasing. Note that Theresa May is expected to visit Brussels today.”