LATEST: Brexit delayed: British Prime Minister Theresa May requests three-month extension
Pro-Brexit members of May’s Conservative Party are opposed to a longer delay because they fear this could mean that Brexit might never happen.
An EU Commission document seen by Reuters said the EU should offer Britain just one extension as multiple delays would leave the bloc in limbo. While the United Kingdom remains divided over Brexit, most agree that it will shape the economic future of generations to come and, if it goes badly, could undermine the West and threaten London’s position as the dominant global financial capital.
Britain’s Brexit crisis has left allies and investors puzzled by a country that for decades seemed a confident pillar of Western economic and political stability.
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