(Bloomberg) — Follow @Brexit and sign up to our Brexit Bulletin. Boris Johnson is outlining his new Brexit proposals in Parliament. The prime minister said he has been encouraged by constructive conversations he has had with European Union leaders but a deal is still some way away. EU ambassadors will also discuss the proposals later this afternoon, after early reactions from the bloc on Wednesday suggested that, while some of Johnson’s points are welcome, there remain some major stumbling blocks.Key Developments:Johnson to make statement to Parliament at 11:30 a.m.EU ambassadors to meet Thursday afternoon for briefing with the EU’s chief negotiator, Michel BarnierEU negotiations to start by weekendIreland says ‘huge issues’ remainEU’s Juncker to talk to Ireland’s Varadkar this afternoonJohnson: Now Is Time for Rapid Negotiations (11:40 a.m.)Updating Parliament, Johnson stressed that he believed his blueprint represent “a compromise” from the U.K. government and urged the EU to agree to engage in “rapid negotiations” for a deal. But while talks with EU leaders have been constructive, an agreement is still "some way” away, he said. “I believe that surely we can summon the collective will to reach an agreement,” Johnson told the House of Commons. The prime minister’s tone was moderate, emphasising that he wants to do a deal with the EU, but he repeated his warning that Britain is “ready” to leave the bloc without one if European leaders don’t meet him half-way. Johnson’s Five Principles in His Bid to Break Brexit DeadlockWhen Juncker and Varadkar speak (11:23 a.m.)European Commission President Jean-Claude Juncker will have a telephone conversation with Irish Prime Minister Leo Varadkar on Thursday afternoon, a commission spokeswoman said. The EU is “analyzing” but already has “many questions” on Johnson’s Brexit plan,”spokeswoman Natasha Bertaud told reporters in Brussels.Cox Says Can Obey Law, Leave With No Deal (10:20 a.m.)Attorney General Geoffrey Cox said the government won’t break the law as it seeks to take the country out of the EU with or without a deal on Oct. 31.“The government will obey the law, the government is subject to the law and this government will comply with it,” Cox told the House of Commons when asked whether the government will obey the law requiring Prime Minister Boris Johnson to seek to delay Brexit if he hasn’t got a deal past Parliament by Oct. 19. Asked whether the government can both comply with the law and leave the EU without a deal on Oct. 31, he simply said “yes.”Barclay Says EU Negotiations to Start By Weekend (8:25 a.m.)Brexit Secretary Steve Barclay said he expects negotiations with the U.K.’s EU counterparts to start by the weekend.“We need to move forward at pace, intensively,” he told BBC radio in an interview.Barclay also pointed to a major concession by the U.K. that may rile some anti-EU backbench Members of Parliament in Johnson’s Conservatives: The continued influence of the European Court of Justice after Brexit.“There is a continued role for the ECJ in terms of the regulatory zone as part of these proposals and that is one of the areas that we have been willing to be creative and flexible on,” Barclay said. “But it is crucially with the consent of the community in Northern Ireland. The concern with the backstop was this aspect of laws applying over which people had no say.”Ireland Says ‘Huge Issues’ Remain (Earlier)The U.K. proposals to break the Brexit impasse form the basis for more talks, but not a deal, junior Irish finance minister Patrick O’Donovan said on Thursday in an RTE Radio interview. “Huge issues” remain on the question of customs checks, which he said were “unacceptable,” and questioned how the Northern Irish power-sharing assembly might exercise consent over the rule alignment needed to avoid a hard border.Earlier:Boris Johnson Is Running Out of Time: Brexit BulletinWhat Boris Johnson Didn’t Say in His U.K. Tory Conference SpeechJohnson’s Brexit Plan: The Sticking Points for the U.K. and EUJohnson’s Five Principles in His Bid to Break Brexit DeadlockWill Johnson’s Irish Border Plans End Brexit Impasse?: QuickTake\–With assistance from Tiago Ramos Alfaro, Ian Wishart and Jessica Shankleman.To contact the reporters on this story: Alex Morales in London at amorales2@bloomberg.net;Dara Doyle in Dublin at ddoyle1@bloomberg.netTo contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Colin KeatingeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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