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What to Expect From the Next Season of Brexit Saga

Boris JohnsonPhotographer: Darren Staples/Bloomberg
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It’s been three years since Britain voted to break away from the European Union, but the country still hasn’t managed to leave. Delivering a departure turned out to be trickier than the referendum slogans suggested, and the country has yet to decide what Brexit should really mean. The risk of a messy no-deal split remains real, and companies continue to spend millions preparing for the worst. Brexit has already brought down two prime ministers: Don’t rule out another general election before the divorce is resolved.

Prime Minister Theresa May spent two years pursuing a compromise but was ultimately foiled by hardliners on both sides of the debate. One of her most strident critics -- the Brexit campaigner Boris Johnson -- looks set to replace her as prime minister, and he vows to succeed in negotiations with Brussels where she failed. But the timing is tight: the new prime minister won’t be confirmed until the end of July, and the deadline for leaving the EU -- twice extended -- is Oct. 31. It’s possible, but by no means certain, the EU would allow another extension. Johnson has said he wouldn’t ask for another delay.