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UK government's priority is to leave EU on Jan 31, secure trade deal: Michael Gove

The top priority of British Prime Minister Boris Johnson's government is to leave the European Union on Jan. 31 and secure a new trade deal with the EU by the end of next year, cabinet office minister Michael Gove said on Sunday.

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  • With or without an agreement, Britain is scheduled to leave on January 31. Though many EU leaders are relieved that the Brexit saga is finally coming to an end, more than three years after Britons voted to leave, just as many are saddened at the departure of such a heavyweight member state.

    Britain’s voters made that clear Thursday in handing an emphatic majority to Prime Minister Boris Johnson and his Conservative Party, all but ensuring that the world’s fifth-largest economy — and a charter member of the international trading system — will proceed with its abandonment of the European Union.

    Johnson and his team were triumphant last week when he won a commanding majority of 80 at an early election he said he was forced to call to break the Brexit deadlock. Winning over many traditionally Labour voters in northern and central England, Johnson has proclaimed he will lead a "people's government".

    Prime Minister Boris Johnson’s Conservative Party has won a thumping majority of seats in Britain's Parliament - a decisive outcome to a Bre...

    Johnson’s win laid to rest concerns about Labour leader Jeremy Corbyn’s radical plans to nationalise swathes of British industry and impose onerous rules on business, such as handing workers as much as 10% ownership in companies. Still, for many companies Brexit remains a worry, and executives urged Johnson to take his time and strike a business-friendly deal with the EU.

    Ajay Bodke, CEO & Chief Portfolio Manager at Prabhudas Lilladher said the victory essentially means a divorce is certain as the electorate has weighed in favour of exit strategy enunciated by Boris Johnson. With the untangling of mess, the market will heave a sigh of relief but it also creates another set of problems, he added.

    For Johnson, whose brief tenure in power has been marked by chaotic scenes in parliament and stark division on the streets over Britain's tortuous departure from the European Union, the victory in Thursday's contest is vindication. Johnson called the first Christmas election since 1923 to break what he said was the paralysis of Britain's political system.

    Variables in the text around unfulfilled past commitments of historical polluters (rich nations), unwillingness of countries (China, India, Brazil, Japan, Australia and others) towards raising their climate action targets by next year and uncertainties about carrying over (transition clause and cut-off year) carbon credits earned by countries like India, Australia, Brazil and others in pre-2020 period to post-2020 phase were key points of discontentment in the text.

    EU leaders are set to discuss the European Green Deal, a plan that will commit member states to reduce their net greenhouse gas emissions to zero by 2050, on Wednesday. There are concerns that aggressive policies to reduce economy-wide emissions by EU member states could put domestic industry at a disadvantage compared to industries from countries that not undertaking similar policies.

    After failing to deliver Brexit by an Oct. 31 deadline, Johnson called the Dec. 12 election. Johnson fought the election under the slogan of "Get Brexit Done", promising to end the deadlock and spend more on health, education and the police. His opponent Jeremy Corbyn, promised higher public spending, taxes on the wealthy & another referendum on Brexit.

    European Union Ambassador to India Ugo Astuto on December 10 cleared EU's stand on the situation of Kashmir. He said, "We are concerned over...

    Diplomatic sources said the European Union has already taken up the issue with New Delhi as it was concerned over certain provisions in the proposed legislation.

    U.K. voters were deciding Thursday who they want to resolve the stalemate over Brexit in a parliamentary election seen as one of the most im...

    The national election in Britain Thursday will bring a new Parliament to power and may lead to a change at the top if Prime Minister Boris Johnson's Conservative Party does not fare well with voters. Johnson called the early election in hopes of gaining lawmakers to support his Brexit policy.

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