ING Says Brexit Heading Towards Delay, With 40% Chance Of An UK Election | 4/9/2019 | Staff
red815 (Posted by) Level 3
LONDON (Reuters) – ING, one of Europe’s largest banks, said on Tuesday its central assumption was Brexit would be delayed, with a 40 percent chance of a national election in the United Kingdom.

Prime Minister Boris Johnson, who took power last month, has pledged to leave the European Union on Oct. 31 without an agreement on the terms of Britain’s departure, unless the EU agrees to renegotiate a deal reached by his predecessor Theresa May. The EU has refused to do that.

ING - Economist - James - Smith - Assumption

ING economist James Smith said his central assumption was that Britain would end up with an election.

“It is very risky to go to the voters if there is a no-deal Brexit,” Smith told Reuters. “A general election looks increasingly likely.”

Parliament - Vote - Confidence - Johnson - Government

Parliament, he said, was likely to force a vote of no confidence on Johnson’s government and then would try to force a delay to Brexit.

“There’s a 40 percent probability of a general election coupled with...
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