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Boris Johnson sends unsigned letter to EU asking for Brexit delay

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Prime Minister Boris Johnson sent an unsigned letter to the European Union requesting a delay to Britain’s exit from the bloc and also said he did not want the extension after his latest Brexit setback in parliament on Saturday.


Johnson had previously said he would rather be «dead in a ditch» than ask for any extension to the Oct. 31 deadline.



But he was compelled, by a law passed last month by opponents, to send a letter to the bloc asking to push back the deadline to Jan 31 after lawmakers thwarted his attempt to pass his EU divorce deal on Saturday.


A government source said Johnson sent a total of three letters to Donald Tusk, the president of the European Council: a photocopy of the text that the law, known as the Benn Act, forced him to write; a cover note from Britain’s EU envoy saying the government was simply complying with that law; and a third letter in which Johnson said he did not want an extension.


«I have made clear since becoming Prime Minister and made clear to parliament again today, my view, and the Government’s position, that a further extension would damage the interests of the UK and our EU partners, and the relationship between us,» Johnson said in the third letter, published on Twitter by the Financial Times’ Brussels correspondent.


Johnson, for whom delivering Brexit is key to his plan to hold an early election, said he was confident that the process of getting the Brexit legislation through Britain’s parliament would be completed before Oct. 31, according to the letter.


Tusk said he had received the request from Johnson.


«I will now start consulting EU leaders on how to react,» he said on Twitter.


French President Emmanuel Macron told Johnson that Paris needed swift clarification on the situation after Saturday’s vote, an official at the French presidency told Reuters.


«He signalled a delay would be in no one’s interest,» the official said.


However, it was unlikely that the EU’s 27 members states would refuse Britain’s delay request.


Johnson plan tipped on head


Johnson had hoped that Saturday would see recalcitrant lawmakers finally back the divorce deal he agreed with EU leaders this week and end three years of political deadlock since the 2016 referendum vote to leave the bloc.


Instead, lawmakers voted 322 to 306 in favour of an amendment that turned Johnson’s planned finale on its head by obliging him to ask the EU for a delay, and increasing the opportunity for opponents to frustrate Brexit.


Johnson has previously promised that he would take the country out of the bloc on Oct. 31, without explaining how he would do this while also complying with the Benn Act.


«I will not negotiate a delay with the EU and neither does the law compel me to do so,» he told parliament after lawmakers backed the amendment on Saturday.


Opposition politicians accused him of believing he was above the law.


«Johnson is a Prime Minister who is now treating Parliament and the Courts with contempt,» John McDonnell, the opposition Labour Party’s finance spokesman said.


«His juvenile refusal to even sign the letter confirms what we always suspected that Johnson with his arrogant sense of entitlement considers he is above the law and above accountability.»


Scotland’s highest court is due to consider on Monday a legal challenge that had sought to force Johnson to comply with the Benn Act. The court said earlier this month that government lawyers had given formal legal statements that he would abide by the Benn Act and it would be a serious matter if he did not.


«Boris Johnson promised #Scottish court he would comply with #BennAct & not seek to frustrate it. Looks like he’s breaking both promises,» Joanna Cherry, a Scottish National Party lawmaker involved in the case said on Twitter.





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Asia Tonight: Business news in brief Nov 20

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Business Briefs on Asia Tonight, Nov 20:
— Malaysia’s October Consumer Price Index (CPI) up 1.1%
— Emirates has ordered 30 Boeing 787s and reduced 777X order to 126 jets

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Target is the retail trade of 2019, with the stock up nearly 90%

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Target CEO Brian Cornell appears on CNBC after ringing the opening bell at the New York Stock Exchange on the morning of November 28, 2014 in New York City.

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Target is far and away the best performing retail stock of 2019.

After reporting third-quarter results on Wednesday that crushed Wall Street’s expectation, Target shares rose 12% from its previous close of $110.85. Target’s shares are up nearly 90% this year, topping even the strong performances of TJX Companies and Walmart, and is this year’s sixth-best performing stock on the S&P 500 index.

«We thought the market was already pricing in more of TGT’s progress, but today’s results (esp. margin expansion) came in well above even the most bullish expectations,» Goldman Sachs wrote in a note to investors.

Target also raised its profit outlook for the full year, ahead of the all-important holiday shopping season, while cutting the cost of handling online orders.

«Overall, we believe Target’s strategic transformation initiatives—price investment in everyday items, differentiating merchandising with new private brands, remodeling stores, and investing in digital and delivery, including Shipt—are resonating with consumers,» Telsey Advisory Group wrote in a note to investors.

Options trader Pete Najarian believes Target’s stock will climb even higher, saying on CNBC’s «Halftime Report» that he expects more strong revenue from the company’s investment in private label products.

«When you look at what’s going on with Target – whether it’s in the grocery space or the rest of the store, and there’s five different segments to their store in terms of revenue streams – they have private label everywhere and that is something that will be huge for them. That just helps and is something that’s going to kick in for Target in the future as well,» Najarian said.

– CNBC’s Michael Bloom and Lauren Thomas contributed to this report.



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ভারতের উইকেট হবে পেস বান্ধব ।Sports news today। khelar khobor today।bangladesh cricket news

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ভারতের উইকেট হবে পেস বান্ধব ।Sports news today। khelar khobor today।bangladesh cricket news

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