British PM Boris Johnson pitches 'final' Brexit offer to the European Union, but warns that he is still ready to leave without a deal. More here:
MANCHESTER, England - British Prime Minister Boris Johnson made a final Brexit offer to the European Union on Wednesday, pitching a possible compromise for a last-minute exit deal that was cautiously welcomed by the EU though the two sides still remain far apart.
European Commission President Jean-Claude Juncker welcomed “positive advances” in Johnson’s proposals, such as the full regulatory alignment for all goods, but noted some problems. Deutsche Bank said it saw a 50 percent chance of a no-deal Brexit by the end of the year. This would spook financial markets, send shockwaves through the global economy, snarl ports on both sides of the Channel and divide the West.While London’s last-minute proposals do mark some movement on the Irish border, the worst sticking point of the Brexit negotiations, many EU diplomats are convinced that the United Kingdom is heading towards a delay or a no-deal exit.
Britain's Prime Minister Boris Johnson gives a closing speech at the Conservative Party annual conference in Manchester, Britain, October 2, 2019. REUTERS/Henry Nicholls Britain said its proposals were compatible with the peace agreement and suggested a zone of regulatory compliance across Northern Ireland and the EU to eliminate checks for trade in goods.
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