UK and EU strike new Brexit deal in last-ditch talks – CNBC

Johnson faced a Saturday deadline by law to request an extension to the current Brexit departure date of Oct. 31 had no deal been reached. However, Juncker has implied that EU leaders won’t allow an extension, even if Johnson asks.

This sets up a complicated and difficult day for the U.K. Parliament on Saturday. There are doubts a deal will be approved in Westminster, with opposition parties already criticizing it.

While details of the new deal remain scant, the U.K. opposition Labour party said in a statement that “from what we know, it seems the Prime Minister has negotiated an even worse deal than Theresa May’s, which was overwhelmingly rejected.” The pro-Remain Liberal Democrats also said they were determined to stop Brexit altogether and still advocated a second referendum. The leader of the Brexit Party, Nigel Farage, said the deal should not be supported. The Scottish National Party (SNP) has also said it will not vote for the deal.

A key ally of the government, the Northern Irish Democratic Unionist Party (DUP), has already responded by saying that it cannot support the deal.

The U.K. government, which does not have a majority in the British Parliament, needs the DUP’s votes to approve the deal.