United Trust Bank

57% of brokers can't see a Brexit deal being agreed by 29th March

Over half of brokers (57%) don’t believe that Theresa May can agree a Brexit deal acceptable to parliament by 29th March, according to recent research.

The latest broker sentiment survey from United Trust Bank (UTB) revealed that just 31% of respondents felt that a deal agreed on both sides of the Channel could be achieved by the time the UK has to officially leave the European Union — unless an extension to the two-year Article 50 timeline is agreed instead.

In addition, 62% of the 128 respondents claimed that they would not have voted for Theresa May’s original Brexit deal.

Will Theresa May be able to broker a Brexit deal acceptable to parliament by March 29th?

Would you have voted to accept the deal May proposed to parliament on 15th January?

“With less than two months until the UK must leave the EU under Article 50, it looks like Brexit negotiations are going to go down to the wire,” said Harley Kagan, group managing director at United Trust Bank (pictured above).

“Parliament has rejected the Northern Ireland backstop as it stands, and the 26 other EU member states are standing firm with the Republic of Ireland, which insists there’s no other alternative.

“One side will have to concede some ground or risk a ‘no-deal’ Brexit, which all sides appear to agree would be the worst outcome for everyone.

“Despite the uncertainty, UTB continues to support SMEs, developers and housebuilders by providing a dependable source of funding and enabling them to seek out and seize opportunities to invest and grow.”

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