Brexit Vote Delayed—Yes, Again
A Brexit decision has been delayed yet again, further stalling the inevitable futures of the global supply chain. In a Saturday vote, the U.K. parliament voted 322-306 to delay Prime Minister Boris Johnson's Brexit deal, according to Supply Chain Dive. Parliament has now asked the EU for an extension until Jan. 31, 2020, but no decision has yet been reached on whether the extension will be granted.
Most of the recent hesitation around the Brexit decision falls onto whether the European Union Withdrawal Agreement Bill becomes law. Johnson requested another vote for Oct. 21, but Speaker John Becrow did not allow for a vote.
"There have been some hardline statements from some in the EU as they assert they will accept the no-deal option rather than extend these fruitless negotiations for months and months more," said NACM Economist Chris Kuehl, Ph.D. "... Thus far, there has been no sign of flexibility on the part of either side, but that intransigence has led absolutely nowhere."
—Christie Citranglo, editorial associate