Britain will eventually leave the European Union and agree a free-trade deal with the bloc, according to the vast majority of economists polled by Reuters who were, however, split on whether the two sides would divorce on Oct. 31.
Prime Minister Theresa May failed to get her Withdrawal Agreement ratified by the British parliament on three attempts so the EU allowed a Brexit delay until the end of October, giving May time to try to convince lawmakers to reach agreement.
When asked if the latest deadline – delayed from March 29 – would be extended, 17 of 33 economists who answered an extra question in the May 3-10 Reuters poll said it would not.
“Failure to come to an agreement runs the risk that the EU will simply lose patience in October and not grant any extension,” said Peter Dixon at Commerzbank.
“We are by no means out of the woods.”