A final effort to leave the EU with a deal before the October 31st deadline is being pursued by Boris Johnson.

The U.K.’s Prime Minister, Boris Johnson, has recently announced that a new Brexit proposal has been finalized.

Despite the revised proposal, Johnson has repeatedly asserted that he is willing to leave the European Union without a deal at the end of October. Currently, Johnson wants to have a general election in order to have new lawmakers elected that are less pro-EU.

However, different political parties within parliament have blocked the possibility of a general election. They demand that the possibility of a no-deal Brexit be eliminated before a general election is allowed.

“Today in Brussels we are tabling what I believe are constructive and reasonable proposals which provide a compromise for both sides,” Mr. Johnson said.

The specifics of the new proposal will be disclosed later today. An EU negotiating team will meet with diplomats from all countries in the bloc to look over the proposal and possibly move forward.

Brexit has been continuously stalled because of an issue relating to the border between Northern Ireland, which is a part of the U.K., and Ireland which is its own EU member state.

“If we fail to get an agreement because of what is essentially a technical discussion of the exact nature of future customs checks—when that technology is improving the whole time—then let us be in no doubt that the alternative is no deal,” Johnson said.

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Economics, Finance and Investing