Business Standard

Johnson stakes all on ‘Super Saturday’ vote

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Britain’s exit from the EU hung on a knife-edge on Friday as British PM Boris Johnson scrambled to persuade doubters to rally behind his last-minute EU divorce deal in an extraordin­ary vote in Parliament. In one of the three-year Brexit drama, Johnson confounded his opponents on Thursday by clinching a new deal with the EU, even though the bloc had promised it would never reopen a treaty it agreed last year. Yet Johnson must now ratify the deal in the British parliament. Where he has no majority and opponents are plotting maximum political damage ahead of an imminent election.

The numbers are too close to call: Johnson must garner 318 votes in the 650-seat parliament to get a deal approved. Yet his Northern Irish allies are opposed to a deal and the three main opposition parties have pledged to vote it down.

“We’ve got a great new deal that takes back control â ” now parliament should get Brexit done on Saturday,” Johnson said ahead of the first Saturday sitting of parliament since the 1982 Argentine invasion of the Falkland Islands.

If he wins the vote, Johnson will go down in history as the leader who delivered Brexit - for good or bad. If he fails, Johnson will face the humiliatio­n of Brexit unraveling after repeatedly promising that he would get it done. Goldman Sachs said it thought the deal would pass and raised its estimate of Brexit with a deal on October 31 to 65 per cent from 60 per cent.

It cut its odds on a no-deal departure to 10 per cent from 15 per cent and kept unchanged its 25 per cent probabilit­y of no Brexit.

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