As talks with EU leaders on the UK's Brexit proposals continue this week, Professor Abhinay Muthoo from the Department of Economics has commented on the likelihood of a deal being struck at the eleventh hour.
Professor Muthoo said: “While this sounds incredible considering the state of the negotiations at this moment, there is a reasonable chance that the Brexit impasse will be broken in the run up to the EU summit next week, and a deal is struck.
“Both parties are likely to compromise, in the end, but perhaps only at the eleventh hour - this is not uncommon in a negotiation with a deadline, and is known as the “deadline effect”. Each side to the negotiation - the UK and the EU – is currently holding firm to their respective negotiating positions. They are playing a version of the game of chicken, in real time, waiting for the other side to make concessions first.”
10 October 2019
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