Months of political stalemate and uncertainty over the future of Brexit have hit business investment in the U.K. and industry leaders are crying out for a resolution
Prime Minister Theresa May’s officials are drafting a law in preparation for a Brexit deal between the government and the opposition Labour party that would break the deadlock that has paralyzed Britain’s divorce from the European Union.
Britain was due to leave the EU at the end of March, but May has been forced twice to ask the EU to give the country more time to finalize the terms of the split after members of Parliament repeatedly rejected her deal.Writing in the Mail on Sunday newspaper, May said last week’s local election results — which were disastrous for her Conservatives and bad for Corbyn’s Labour party — showed that voters wanted them to get on with delivering Brexit.
May opened cross-party talks with Labour last month after the House of Commons voted for a third time to reject the divorce package she’d negotiated with the EU. May is offering Corbyn arrangements that would allow a future Labour government to pursue a full customs union with the EU, but a future Tory administration to adopt a looser relationship that allows Britain to strike trade deals with other countries around the world, according to one person familiar with the discussions.
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