May and Corbyn Sit Down to Negotiate

The two leaders need to reach a consensus.

Economic News
02. Apr. 2019

With many complications and unexpected turns of events, we bring you one more update on what has now become the Brexit saga. Today’s most important Brexit detail is that Prime Minister Theresa May will finally sit down with Labour leader Jeremy Corbyn and try to draft a new proposal that will stand a better chance before Parliament than her thrice-defeated bill.

In the past, May’s cabinet rejected all of Labour’s propositions about what Brexit could look like, which comes down to a fundamental political disagreement. Labour in general has been campaigning for a much closer relationship with the Euruopean Union (many party members were actually Remain voters in the referendum), which is at odds with the promise of an independent United Kingdom that Brexiteers dreamed of. May’s Conservative party has tried to cater to that requirement, but this resulted in a bill that hardly anyone in Parliament is willing to endorse.

Today May and Corbyn are set to hold a long discussion and negotiate a softer Brexit agreement that the Prime Minister can then bring to the EU and, if approved by them, consequently bring to a Parliamentary vote as well. Nevertheless, it is unclear what Corbyn will want from the deal, especially since May failing to deliver on her promise could lead to a general election, which would play to Corbyn’s interest more than endorsing Theresa May.

Anna Sneider

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