Brexit chaos in London

Following the resignation of several of her ministers, Britain's Prime Minister Theresa May is facing difficult times.

An adoption of the withdrawal agreement in the British Parliament is more than questionable. Without such an agreement, there will be no transitional agreement until the end of 2020, according to the EU. A hard Brexit at the end of March 2019 is, therefore, more realistic than before. In such a case, the EU27 and the United Kingdom could draw the extension option from Art. 50 TEU and delay the Brexit planned for the end of March 2019. This, however, requires unanimity among all parties involved.

Paradoxically, the UK is also more likely to remain in the EU. The political chaos in London could lead to a parliamentary majority for a new referendum on the Brexit.