12 APR 2019
Another day, another deadline. Following an emergency summit, the EU has agreed to a further delay to Brexit until potentially 31 October 2019. If a withdrawal agreement can be agreed by MPs before then, the UK could leave earlier.
However, this new deadline means that the UK must now take part in the European elections on 23 May or leave the EU without a deal on 1 June.
Ratification of any Brexit deal needs to overcome two legal hurdles – a new version of a 'meaningful vote' and the passing of legislation to enact the UK's 'divorce' from Brussels. In her statement to the Commons, the prime minister suggested that with Labour's help she could sort both through a new set of binding votes and the publication of the Withdrawal Agreement Bill. The bill would "provide a useful forum to resolve some of the outstanding issues" and insert changes to the political declaration that Labour has been pushing on.
RICS watches from across Parliament Square, tracking developments which our professionals need to contemplate in developing business strategies as this period of uncertainty continues, and shares the resounding sentiment of frustration from our professionals operating in the UK.
Brexit was always going to be highly politically charged, but the current style of politics and continuing uncertainty is significantly impacting the land and built environments, as demonstrated in all of our market surveys.
To safe guard a vibrant and sustainable built environment in the UK, we continue to urge government and politicians across parties to work together and find a compromise to put an end to the ongoing political turmoil that so damaging to UK plc.
Whilst highly speculative, we attempt to set out the various scenarios that could play out as a result of the continued uncertainty around Brexit and the future UK-EU relationship. These include: