May asked for Brexit delay until June 30

Prime Minister Theresa May has written to European Council President Donald Tusk to request a delay to the U.K.’s departure from the bloc until June 30. May cited talks with opposition Labour Party Leader Jeremy Corbyn aimed at breaking the Brexit impasse as a reason for further delay in the letter, which was released by her office on Friday. “It is frustrating that we have not yet brought this process to a successful and orderly conclusion,” May wrote. “The U.K. government remains strongly committed to doing so.”

With her options dwindling, May is desperately seeking to get an agreement through Parliament that would allow the U.K. to leave the EU without having to take part in European elections next month. Unable to convince her allies to back her own deal — Parliament has rejected it on three separate occasions — she’s turned to Corbyn for help.

The EU has previously said any long extension would be conditional on a “clear plan” for the way forward, or a political “event” such as another referendum or general election. But officials say May’s efforts to form a cross-party position with opposition Labour Party Leader Jeremy Corbyn and pledge to hold votes in Parliament on the desired outcome will probably be enough.

Theresa May Requests Brexit Delay to June 30 in Letter to EU’s Tusk, Bloomberg, Apr 05

Source: FxPro