Speed Reads

Brexit

European Union leaders are open to Brexit extension if new deal is rejected

British Prime Minister Boris Johnson has said Brexit will go through on Oct. 31 with or without a deal, but European Union leaders aren't on the same page.

A new agreement was cobbled together on Thursday that would allow Britain to leave the EU, but only after a transition period lasting until the end of 2020. Over the next year, EU and British negotiators would work on a trade deal and other arrangements. "This is a great deal for our country — the U.K. — and our friends in the EU," Johnson said Thursday night. "Now is the moment for our parliamentarians to get this done."

The House of Commons will meet for a vote on Saturday, and already, the revised agreement has been rejected by the Northern Irish Democratic Unionist Party and dragged by Labour Party leader Jeremy Corbyn, who said it's an "even worse deal" than the one crafted by former Prime Minister Theresa May.

Under U.K. law, Johnson is required to seek a Brexit extension if a deal is not approved by Saturday, but he has been adamant about leaving the EU by the Oct. 31 deadline, deal or not. One EU diplomat told The Guardian they are leaving "the door open to the possibility of an extension," if needed. European Council President Donald Tusk said the "ball is in the court of the U.K. I have no idea what will be the result of the debate in the House of Commons on Saturday."