UK’s May askes EU to delay Brexit until June 30

LONDON — Prime Minister Theresa May formally asked the European Union on Wednesday to postpone Britain’s departure from the bloc — due in nine days — until June 30. But a frustrated EU has warned it could keep Britain waiting for an answer.

In a letter to European Council President Donald Tusk, May said the Brexit process “clearly will not be completed before 29 March, 2019” — the date fixed in law two years ago for Britain’s departure.

She asked for a delay until June 30, and said she wanted to set out her reasons to EU leaders at a summit in Brussels on Thursday.

Opposition politicians, and pro-EU members of May’s Conservative government, had urged a longer extension, saying a delay of just a few months could leave Britain once again facing a cliff-edge “no-deal” Brexit this summer.

But a long extension would infuriate the pro-Brexit wing of May’s divided party, and would require Britain to participate in the late May election for the European Parliament.

May said that would be unacceptable.

“As prime minister I am not prepared to delay Brexit any further than June 30,” she said in the House of Commons.

She said a longer delay would result in Parliament spending “endless hours contemplating its navel on Brexit.”

Britain voted in June 2016 to quit the EU, but almost three years later, its politicians are deadlocked over how — and even whether — to leave.

British lawmakers have twice rejected the Brexit deal May has struck with the bloc. Her troubles deepened when the speaker of the House of Commons ruled earlier this week that she can’t ask Parliament to vote on the deal again unless it is substantially changed. That scuttled May’s plan to try a third time this week to get the agreement approved.

May told Tusk that despite the ruling “it remains my intention to bring the deal back to the House.”

If it is approved, she plans to use the extension until June 30 in order for Parliament to pass the necessary legislation for Britain’s departure.

“Today marks 1,000 days since the referendum and this government has led the country and themselves into crisis, chaos and division,” said opposition Labour Party leader Jeremy Corbyn.

A delay to Britain’s withdrawal requires the approval of all 27 remaining EU countries. The head of the bloc’s executive branch said EU leaders are unlikely to agree to a delay at a summit this week.

European Commission President Jean-Claude Juncker said if May wanted a delay, “she must bring approval of the negotiated deal and she must bring clear ideas on timing.”

“My impression is … that this week at the European Council there will be no decision, but that we will probably have to meet again next week, because Mrs. May doesn’t have agreement to anything, either in her Cabinet or in Parliament,” Juncker told Germany’s Deutschlandfunk radio.

“As long as we don’t know what Britain could say yes to, we can’t reach a decision.”

Britain’s political chaos has drawn reactions ranging from sympathy to scorn at home and around the world. On its front page Wednesday, the Brexit-backing Daily Mail newspaper bemoaned the time since the referendum as”1,000 lost days.”

From Washington, Donald Trump Jr. said May should have listened to his father, who urged her last year to sue the EU in order to secure better departure terms. The U.S. president has criticized May for not taking his advice.

The president’s multimillionaire son blamed “elites” in London and Brussels for scuttling Brexit. Writing in the Daily Telegraph, Trump Jr. said “democracy in the U.K. is all but dead.”

The gridlock is also causing increasing exasperation among EU leaders.

Juncker said that “in all probability” Britain won’t leave on March 29, but he underlined the EU’s insistence that it will not reopen the painstakingly negotiated withdrawal agreement that British lawmakers have snubbed.

“There will be no renegotiations, no new negotiations and no additional assurances on top of the additional assurances we have already given,” he said.

Juncker said Britain’s Parliament needed to decide whether it would approve the deal that is on the table.

“If that doesn’t happen, and if Great Britain does not leave at the end of March, then we are, I am sorry to say, in the hands of God,” he said. “And I think even God sometimes reaches a limit to his patience.”

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Geir Moulson in Berlin and Lorne Cook in Brussels contributed to this story.

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Follow AP’s full coverage of Brexit at: https://www.apnews.com/Brexit

Jill Lawless And Danica Kirka, The Associated Press

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Taxpayers Federation calling on BC Government to scrap failed Carbon Tax

Published on January 16, 2025

Todayville

From the Canadian Taxpayers Federation

By Carson Binda

BC Government promised carbon tax would reduce CO2 by 33%. It has done nothing.

The Canadian Taxpayers Federation is calling on the British Columbia government to scrap the carbon tax as new data shows the province’s carbon emissions have continued to rise, despite the oldest carbon tax in the country.

“The carbon tax isn’t reducing carbon emissions like the politicians promised,” said Carson Binda, B.C. Director for the Canadian Taxpayers Federation. “Premier David Eby needs to axe the tax now to save British Columbians money.”

Emissions data from the provincial government shows that British Columbia’s emissions have risen since the introduction of a carbon tax.

Total emissions in 2007, the last year without a provincial carbon tax, stood at 65.5 MtCO2e, while 2022 emissions data shows an increase to 65.6 MtCO2e.

When the carbon tax was introduced, the B.C. government pledged that it would reduce greenhouse gas emissions by 33 per cent.

The Eby government plans to increase the B.C. carbon tax again on April 1, 2025. After that increase, the carbon tax will add 21 cents to the cost of a litre of natural gas, 25 cents per litre of diesel and 18 cents per cubic meter of natural gas.

“The carbon tax has cost British Columbians a lot of money, but it hasn’t helped the environment as promised,” Binda said. “Eby has a simple choice: scrap the carbon tax before April 1, or force British Columbians to pay even more to heat our homes and drive to work.”

If a family fills up the minivan once per week for a year, the carbon tax will cost them $728. The carbon tax on natural gas will add $435 to the average family’s home heating bills in the 12 months after the April 1 carbon tax hike.

Other provinces, like Saskatchewan, have unilaterally stopped collecting the carbon tax on essentials like home heating and have not faced consequences from Ottawa.

“British Columbians need real relief from the costs of the provincial carbon tax,” Binda said. “Eby needs to stop waiting for permission from the leaderless federal government and scrap the tax on British Columbians.”

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The problem with deficits and debt

Published on January 13, 2025

Todayville

From the Fraser Institute

By Tegan Hill and Jake Fuss

This fiscal year (2024/25), the federal government and eight out of 10 provinces project a budget deficit, meaning they’re spending more than collecting in revenues. Unfortunately, this trend isn’t new. Many Canadian governments—including the federal government—have routinely ran deficits over the last decade.

But why should Canadians care? If you listen to some politicians (and even some economists), they say deficits—and the debt they produce—are no big deal. But in reality, the consequences of government debt are real and land squarely on everyday Canadians.

Budget deficits, which occur when the government spends more than it collects in revenue over the fiscal year, fuel debt accumulation. For example, since 2015, the federal government’s large and persistent deficits have more than doubled total federal debt, which will reach a projected $2.2 trillion this fiscal year. That has real world consequences. Here are a few of them:

Diverted Program Spending: Just as Canadians must pay interest on their own mortgages or car loans, taxpayers must pay interest on government debt. Each dollar spent paying interest is a dollar diverted from public programs such as health care and education, or potential tax relief. This fiscal year, federal debt interest costs will reach $53.7 billion or $1,301 per Canadian. And that number doesn’t include provincial government debt interest, which varies by province. In Ontario, for example, debt interest costs are projected to be $12.7 billion or $789 per Ontarian.

Higher Taxes in the Future: When governments run deficits, they’re borrowing to pay for today’s spending. But eventually someone (i.e. future generations of Canadians) must pay for this borrowing in the form of higher taxes. For example, if you’re a 16-year-old Canadian in 2025, you’ll pay an estimated $29,663 over your lifetime in additional personal income taxes (that you would otherwise not pay) due to Canada’s ballooning federal debt. By comparison, a 65-year-old will pay an estimated $2,433. Younger Canadians clearly bear a disproportionately large share of the government debt being accumulated currently.

Risks of rising interest rates: When governments run deficits, they increase demand for borrowing. In other words, governments compete with individuals, families and businesses for the savings available for borrowing. In response, interest rates rise, and subsequently, so does the cost of servicing government debt. Of course, the private sector also must pay these higher interest rates, which can reduce the level of private investment in the economy. In other words, private investment that would have occurred no longer does because of higher interest rates, which reduces overall economic growth—the foundation for job-creation and prosperity. Not surprisingly, as government debt has increased, business investment has declined—specifically, business investment per worker fell from $18,363 in 2014 to $14,687 in 2021 (inflation-adjusted).

Risk of Inflation: When governments increase spending, particularly with borrowed money, they add more money to the economy, which can fuel inflation. According to a 2023 report from Scotiabank, government spending contributed significantly to higher interest rates in Canada, accounting for an estimated 42 per cent of the increase in the Bank of Canada’s rate since the first quarter of 2022. As a result, many Canadians have seen the costs of their borrowing—mortgages, car loans, lines of credit—soar in recent years.

Recession Risks: The accumulation of deficits and debt, which do not enhance productivity in the economy, weaken the government’s ability to deal with future challenges including economic downturns because the government has less fiscal capacity available to take on more debt. That’s because during a recession, government spending automatically increases and government revenues decrease, even before policymakers react with any specific measures. For example, as unemployment rises, employment insurance (EI) payments automatically increase, while revenues for EI decrease. Therefore, when a downturn or recession hits, and the government wants to spend even more money beyond these automatic programs, it must go further into debt.

Government debt comes with major consequences for Canadians. To alleviate the pain of government debt on Canadians, our policymakers should work to balance their budgets in 2025.