The U.K. prime minister proposed an 'all-island regulatory zone on the island of Ireland' that would involve customs checks.
would divide Ireland and therefore "is unlikely to work," a strategist said on Thursday.
The U.K. currently has until Oct. 31 to leave the EU — with or without a deal. That deadline has been pushed back multiple times after former Prime MinisterOne major sticking point in the Brexit process is the so-called. May's deal had sought to ensure there's no hard border between the U.K.'s Northern Island and EU member Republic of Ireland. But avoiding customs checks there would bind Britain to the bloc's trade rules — a point that Brexit supporters had opposed.
"I'm not saying it's a complete sham because it moved forward on one particular point ... Boris did widen the scope, but the actual ins and outs of it are unlikely to work," David Roche, president and global strategist at Independent Strategy, told CNBC's"He wouldn't put customs posts at the border but he would put customs clearance areas close to the border — what's the difference?" asked Roche.
Johnson had on Wednesday presented his proposals to the EU. The bloc's chief Brexit negotiator Michel Barnier said there's still a lot work to be done to achieve the three objectives for the Irish backstop: no border, an all-Ireland economy and protecting the European single market. Barnier added that a no-deal Brexit "will never be the choice of the EU." But Johnson said if the U.K. fails to get a deal, Britain would then leave without one.
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