As widely expected, the European Court of Justice finally ruled today that “the United Kingdom is free to revoke unilaterally the notification of its intention to withdraw from the EU.” And, “Such a revocation, decided in accordance with its own national constitutional requirements, would have the effect that the United Kingdom remains in the EU under terms that are unchanged as regards its status as a Member State.
The UK Parliament is set to vote on Prime Minister Theresa May’s Brexit agreement tomorrow. Should the agreement passes, there is no doubt that UK is heading for Brexit in March. However, it’s more likely than not that the agreement is voted down. That will open up a wide range of options in “uncharted waters” as described by May. There could be a new election, or even a new Brexit referendum.