Corbyn Intends to Stop No-deal Brexit

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no deal brexitThe British Labour Leader Jeremy Corbyn called the leaders of the opposition to back him as a future Prime Minister to stop a no-deal Brexit.

In a letter, he explained that his role as a PM would be temporary and with the purpose of calling a general election that would help to avoid a no-deal outcome. He also claimed that the 2016 referendum didn't provide a mandate for a no-deal exit and that he would call for a no-confidence vote as soon as he's confident of success.

"Following a successful vote of no confidence in the government, I would then, as Leader of the Opposition, seek the confidence of the House for a strictly time-limited temporary government with the aim of calling a general election, and securing the necessary extension of Article 50 to do so," he explained.

The reactions to Corbyn's proposal have been mixed, the Liberal Democrats rejected to proposal highlighting that Corbyn is not the most appropriate person to even build a temporary majority in the House of Commons, the center-left party Plaid Cymru., together with the Green party, welcomed the initiative but lamented that Corbyn wouldn't call for a new referendum before a snap election and the Scottish National Party, despite welcoming the idea of holding a no-confidence vote, said that a caretaker government is not feasible at this moment.

Britain's prime minister has accused his opposition in the past of colluding with Brussels to stop the Brexit in the parliament. Johnson based his political campaign on his intention to deliver Brexit on October 31, with or without a deal.

"We are going to restore trust in our democracy and come out of the EU on October 31st," he recently posted on his Twitter account.

The negotiations with the European Union leadership are essentially stalled as Brussels is not willing to ditch the Irish Backstop Issue.

Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.