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Photo: Dan Kitwood/Getty Images

The U.K.'s Conservative Party announced in its election manifesto published Sunday that if it wins a majority on Dec. 12, its government will seek to pass Prime Minister Boris Johnson's Brexit deal by Jan. 31 and negotiate a free trade agreement with the European Union before December 2020.

Why it matters: The manifesto rules out extending the Brexit transition period, during which the country will continue to follow EU rules as the two sides hammer out a permanent trade deal. EU politicians have expressed skepticism that a comprehensive free trade agreement could be negotiated in such a short time period, meaning that the U.K. could crash out of the bloc in 2020 without a deal.

Between the lines: This "no deal" outcome is exactly what members of Parliament have sought to prevent for the last four months that Johnson has been prime minister. Experts warn that it could spell disaster for the U.K.'s economy.

  • Hardline Brexiteers like Nigel Farage, meanwhile, have been pushing for this so-called "clean break" exit from the EU for some time. Johnson's promise not to extend the transition period is part of what convinced Farage's Brexit Party not to contest Conservative seats in the upcoming election.

The big picture: Polling indicates that the Conservatives are ahead of the opposition Labour Party by at least 10% and are on track to win a 48-seat majority in Parliament.

Go deeper: Boris Johnson's path to victory resembles Trump's in 2016

Go deeper

21 mins ago - Technology

Facebook: Metaverse won't "move fast and break things"

Illustration: Aïda Amer/Axios

Facebook on Monday said it will invest $50 million over two years in global research and program partners to ensure its metaverse products "are developed responsibly."

Why it matters: "It's almost the opposite of that now long-abandoned slogan of 'move fast and break things,'" Facebook's VP of global affairs Nick Clegg told Axios in an interview at The Atlantic Festival Monday.

Ina Fried, author of Login
30 mins ago - Technology

Facebook presses "pause" on Instagram Kids

Illustration: Annelise Capossela/Axios

Facebook's announcement Monday that it was "pausing development" on Instagram Kids did little to slow a wave of criticism of the project ahead of a Senate hearing Thursday.

Yes, but: There's an argument to be made for building kids' versions of popular apps, even if their adult versions are causing real-world harms.

Ford's big plans to turbocharge the electric car industry in the U.S.

Illustration: Annelise Capossela/Axios

Ford Motor Company’s new $11 billion manufacturing plan, the biggest component of which will sit just outside Memphis, is part of a much bigger effort to put the U.S. at the center of the electric vehicle revolution, executive chairman Bill Ford says.

The big picture: Ford’s plans — for enormous facilities in both Tennessee and Kentucky, employing a combined 11,000 workers — are ambitious manufacturing efforts designed to minimize their environmental impact.