Former EU Commission President Jose Manuel Barroso said that Britain is likely to delay Brexit and not leave the European Union on the scheduled date of March 29th.
Speaking to Sky News, Mr Barroso said that the EU would likely accept a request to extension to give Britain enough time to work out the details of departure.
“I think the most likely scenario is not to do that in March of this year. We need more... preparations,” said Mr Barroso, now a non-executive chairman at Goldman Sachs.
“Even if there was a positive deal now, from a practical point of view, it’s obvious that everything is not ready. So I think the right thing to do is to have some extension, and I believe that if the UK demands an extension of Article 50, European Union countries will naturally accept it.”
Meanwhile, a recent study by the UK branch of the United Nations Association suggests Britain will lose political capital on the 15-member UN security council and the larger general assembly in New York because its campaigns will no longer be automatically aligned with those of the EU.