• Britain says EU could hold emergency summit to offer conditional Brexit extension

Market news

21 March 2019

Britain says EU could hold emergency summit to offer conditional Brexit extension

The European Union could next week hold an emergency summit to offer a Brexit extension with potentially onerous conditions such as holding another referendum, British Foreign Secretary Jeremy Hunt said.

“We don’t know what the length would be and it could have some very onerous conditions,” such as holding another referendum. He said such an option would be unlikely to be supported by the British parliament.

Hunt said if the deadlock remained next week - parliament still had the option to vote to revoke Article 50 and cancel the entire Brexit process, though it was “highly unlikely”

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