Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Boris Johnson Wants To Change Brexit Deal With The EU

By Cristian Bustos. Originally published at ValueWalk.

Boris Johnson

Boris Johnson, British Prime Minister, is favoring a bill to break the Brexit agreement he himself negotiated and presented as the center of his electoral program in the last elections. He had been floating around the project for years but had not materialized until Monday, causing a harsh response from Brussels.

Boris Johnson’s Project

As reported by The Guardian, the text of the law published Monday would allow Boris Johnson’s government to ignore or change at will, within British law, most of the content of the Northern Ireland Protocol —the section of the agreement on this province— leaving standing only three items.

Q1 2022 hedge fund letters, conferences and more

The government gives itself the power to delete the articles it does not like from the agreement negotiated with Brussels, and change them into others that it thinks are better.

Among the specific articles included in the text, the UK could eliminate customs controls designed to prevent products that do not comply with European legislation from entering Ireland, and replace them with a “two regulations” system.

It would remove the control of the Court of Justice of the EU and the ban on state aid to Northern Irish firms.

To justify this move, the text alleges “a state of necessity,” in which, “The Government recognizes that the need can only be invoked in an exceptional way to legally justify the breach of international obligations. This is a genuinely exceptional situation.”

“Illegitimate”

In Boris Johnson’s opinion, the situation and its causes will persist in the medium to long term and the problems were not inherent in the text of the protocol, with which Johnson alleges that he could not have foreseen the rejection by the unionist side when he signed it.

The reaction of the jurists was unanimous. Lawyer Tim O’Connor explained that some of the clauses “would be too much even for Henry VIII.”

Fellow jurist and constitutional expert David Allen Green considered that the text “does not reflect a legal position of the Government, but rather the lack of one.”

He adds that Downing Street’s solicitor general stalled the publication of the bill for a week because of misgivings.

Just before presenting the text, the absolute majority of members of the Parliament of Northern Ireland sent Johnson a letter recalling that the supporters of the Protocol obtained a clear victory in the elections last May, so the rupture of the agreement goes against the democratic legitimacy.

Updated on

Sign up for ValueWalk’s free newsletter here.


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!