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Johnson pushes for poll as EU prepares Brexit delay

British Prime Minister Boris Johnson will make a fresh push on Monday for an early election as EU leaders prepare to back yet another Brexit delay, just days before the departure deadline.
Johnson was forced to abandon his promise to leave the European Union on October 31, after MPs demanded he ask for more time while they debate the divorce terms he struck with Brussels.
EU ambassadors will meet early Monday to discuss his request to delay Brexit until January 31, under a plan that would allow Britain to leave earlier if parliament ratifies the exit deal, Brussels sources said.
Member states have already accepted a delay in principle to avoid the risk of a disorderly divorce, but some, mainly France, question how long it should be.
Later Monday, Johnson will ask the House of Commons to vote on a snap election, which he wants to hold on December 12 -- after MPs have had time to ratify his Brexit deal.
However, he faces defeat, as with his two previous election calls. He needs the support of two-thirds of the 650 MPs, but does not have even a simple majority.
The Labour party dislikes Johnson's Brexit deal and says it will not back an election until his threat of leaving the EU with no deal at all is removed.
Senior Labour MP Diane Abbott told the BBC Sunday the party "is up for an election", but added: "We are waiting to see what the EU says."
More than three years after Britons voted 52-48 percent for Brexit in a 2016 referendum, the country and parliament remains deeply divided.
Johnson, a leader of the "Leave" campaign, took office in July vowing to take Britain out of the European Union on October 31 whatever happens.
But MPs rebelled against his threat to sever 46 years of ties without a deal and passed a law requiring him to seek a delay if they refused to accept his divorce terms.
Johnson reluctantly sent the letter to the EU asking for the required three-month delay last weekend.
Paris says there has to be a strong justification to grant what would be a third postponement of Brexit.
"We must not give more time based on a political fiction but on (the basis that there will be) elections or a second referendum," France's European Affairs Minister Amelie de Montchalin said Sunday.
If a delay is granted, Brussels is likely to demand Britain put forward a nominee to join the incoming cabinet of EU commissioners -- a move likely to cause controversy in London.
Johnson this weekend accused MPs of holding Britain "hostage" by refusing to back his deal or an election.
If his bid fails there could be yet be another election vote, after two smaller opposition parties backed the idea of a December poll -- but with conditions attached.
Johnson wants MPs to ratify his Brexit deal before holding an election, a tough but not impossible task.
But the Scottish National Party and the Liberal Democrats, who oppose Brexit, want to abandon the deal and instead hold an election on December 9.
They proposed legislating for the poll -- a process that would only require a simple majority of MPs and could begin as early as Tuesday -- if the government agrees.
source:AFP
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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