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Here is today’s editorial which talks about “Britain might avoid a no-deal exit, but it will have to grapple with the costs of leaving the EU”. These editorial articles are done on regular basis in order to help aspirants preparing for important government, banking and insurance exams. The English section in these exams is often considered difficult, however in order to enhance the vocabulary of the candidates we regularly publish such articles in which we highlight difficult words and their meanings respectively. This not only aims to help you understand the editorials of prominent publications, but it will even help the candidates in reading comprehension section.

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It’s a deal: On Brexit

Britain might avoid a no-deal exit, but it will have to grapple with the costs of leaving the EU

Despite the euphoric (extremely happy, excited) reception (the way in which people react to something) to the fresh terms of Britain’s withdrawal from the EU agreed on Thursday, British Prime Minister Boris Johnson was forced to seek an extension to the October 31 exit deadline. His predicament (an unpleasant situation difficult to get out of) is due in part to the arrangement, wherein Northern Ireland would be governed by EU regulation even as it legally remains within the U.K. The Democratic Unionist Party (DUP), the Tories’ partner in Westminster, has opposed Thursday’s agreement — that it would undermine the constitutional integrity (quality of having strong moral principles) of the U.K. It is however true that the new deal would avoid a hard border in the Irish Sea, one that would have separated the north and south of the island of Ireland, thus endangering the 1998 Good Friday agreement. Moreover, Belfast would have the best of both worlds (a situation in which you can enjoy the advantages of two very different things at the same time) under a Johnson accord: reaping (to get the advantages of a particular situation) the benefits of membership of the EU and retaining its status within Great Britain. The logic behind the differential treatment that Brexit on these terms would imply (to involve something as a necessary part) for Belfast and Edinburgh could renew momentum for a second vote on Scottish independence. Meanwhile, Labour and the Liberal Democrats have demanded that the deal be put to a confirmatory referendum. (a vote in which all the people in a country or an area decide on an important question)

As Brexit draws near, its economic implications look all the more inescapable (something that cannot be avoided). A think-tank (a body of experts providing ideas and advice on specific matters) says Britons would be poorer under a Johnson deal compared to the thrice-rejected deal negotiated by his predecessor, while they would fare much better (be successful) than in a no-deal. It is apt that the rebel Tories and the opposition are anxious (worried) to plug every loophole (a failure to include something in a law, which allows someone to avoid doing something) that hard-line eurosceptics (a person who opposes closer connections between Britain and the European Union) can potentially exploit to crash out (badly defeated) of the bloc on October 31. That is a threat they had held out even after legislation was passed to prevent a no-deal exit, mandating (to make something necessary) the government to seek an extension if needed. Saturday’s Letwin amendment withholds (to refuse to give something) approval for Mr. Johnson’s deal until ratification (process of making an agreement official) of the enabling legislation. The Johnson deal still stands a chance as several MPs seem well disposed to its terms, despite DUP opposition. The time gained after Saturday’s amendment will ensure that the exit bill will be put to scrutiny.(careful and detailed examination of something)

We hope that these editorial articles shall help you in achieving success particularly in the English section for major banking, government and insurance exams.

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