Tensions over Brexit “backstop” arrangement

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  • Brexit talks hang in the balance as negotiators work through the weekend, with neither side confident they will reach a deal in time to meet a self-imposed deadline of Monday.
  • Talks are stuck on the issue of the Irish border and so-called backstop clause, whereby Northern Ireland would effectively remain subject to EU regulations to avoid a hard border on the island of Ireland.
  • Arlene Foster, the head of the Northern Irish party that props up Prime Minister Theresa May’s government, said on Saturday she would prefer no Brexit deal to a bad deal, describing current plans as amounting to “the annexation of Northern Ireland.”

Read more at : https://www.investing.com/news/stock-market-news/tensions-over-brexit-backstop-arrangement-1643244

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