UK Brexit without agreements of risk decline

With the call to postpone the Brexit in the UK and other EU countries, the risk of a UK failure to leave the EU seems to be fading.

Some senior officials of the French and German governments indicated that they are willing to be open to extending the deadline for Brexit.

However, Theresa May is still troubled. The British prime minister was caught between the pro-European and the sceptical Europeans in the Conservative Party, the former seeking to force him to postpone the Brexit, while the latter threatened to overthrow his government if she did so.

There is not much time left for the UK to make a decision. If it is not possible to reach an agreement in the next nine weeks, the country will leave the EU in a disorderly manner on March 29, and the Bank of England warns that this will trigger a recession risk, and the pound may fall 25%.

Theresa has still not been persuaded to postpone the Brexit, but she has not ruled out the possibility of extending Article 50 of the Lisbon Treaty.

"I don't think that extending Article 50 can solve any problem," Teresa May said in a House of Commons on Wednesday. She added that the parliament still needs to decide whether it wants to reach an agreement, no agreement to leave the EU or not to leave the EU.