British Prime Minister Boris Johnson raised hopes for the United Kingdom as he said on Monday that the possibilities of securing a Brexit deal before October are now higher.
According to CNBC, Johnson said on Monday that "the chances of a deal have been rising." His comments came amid increasing fears for the British economy as the pound dropped against the U.S. dollar earlier in the day.
Johnson noted that negotiators believe the U.K. is determined to snag a deal before the country exits the bloc on October 31. He also called on MPs to not vote for blocking a closing in no-deal Brexit.
For the prime minister, blocking a no-deal Brexit could hamper his country's stance in negotiating for a potential agreement to save what's left of the proposal that Johnson's predecessor, Theresa May put on the table.
At the moment, many economists and political analysts believe Johnson may lean on a general election should his talks with the British Parliament fail to materialize. Johnson said he is not looking at a general election as the resolution to the problem.
Amid rising tensions in the British Parliament, Labor leader Jeremy Corbyn continued to call for stopping a no-deal Brexit. He said "this week could be our last chance," adding that if the U.K. crashes out without an agreement, the United States may take advantage of the situation.
Corbyn referred to U.S. President Donald Trump's comments regarding the possibility of a no-deal Brexit. Trump said he wants to secure a deal with Britain after it leaves the European Union (EU).
Also on Monday, a senior government official told BBC News that if MPs block a no-deal Brexit this week, Johnson may call for an election in October. He would also be forced to further delay the British exit to January.
Several MPs have united to stop the possibility of leaving the EU without an agreement. New legislation under Standing Order 24 is expected to be proposed on Tuesday. Tory rebels have reportedly been threatened of being expelled from the party if they support the bill.
Johnson has said that he will not support additional delays to Brexit. He said the country will leave the bloc by end of October no matter the cost. The MPs are now left with two choices: back a deal that has gone through multiple changes or approves the much-contested no-deal Brexit.
Economic experts have been warning the U.K. of an economic crisis if the country leaves the bloc without a sure deal. However, the Irish backstop is an issue that both parties have yet to resolve.
