CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

Britain leaves with or without a deal on October 31, says Boris Johnson

The frontrunner to become Britain’s next prime minister has said that the UK will leave the EU with or without a deal in place if he wins Conservative Party leadership race.

MP Boris Johnson, the man pipped to become the next leader of the Conservative Party, has vowed that he will ensure that Brexit goes ahead on October 31 with or without a deal.

Johnson made the statement in a campaign video that on Monday, with the former British foreign secretary and ex-London Mayor officially throwing hat in the ring to become the next prime minister.

Brexit means Brexit

The Confederation of British Industry (CBI), a leading business lobby group, penned an open letter to all Conservative Party leadership candidates on Friday urging them to avoid a no-deal Brexit.

But despite British businesses in favour of an orderly exit from the bloc, Johnson is adamant that Britain will leave the EU no matter what.

‘If I get in we’ll come out, deal or no deal, on October the 31,’ he said in a campaign video released on Twitter.

No-deal Brexit must be Plan B

As it stands, there are 12 MPs vying to leader the Conservatives Party. Earlier this week on of the candidates, Esther McVey wrote in a column for the Daily Telegraph how Britain must ‘actively embrace leaving the EU without a deal.

Meanwhile, the frontrunner, Boris Johnson, made it clear that he intends renegotiate the terms of May’s withdrawal agreement with the EU, despite officials in Brussels repeatedly stating they have no interest in redrafting the Brexit deal already on the table.

‘I don't think any of the leadership candidates are advocating no deal as their plan A,’ Co-Founder of Economists for Brexit Gerard Lyons said in an interview with the BBC.

‘One has to have a plan B. No deal, whether we like it or not, has to be plan B.'

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