Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Sat, 28 Mar 2020, 6:15 PM

 

British parliament to vote on Brexit delay, PM seeks to revive her deal

Author:   |    Publish date:


LONDON: Britain's parliament was due to vote on Thursday on whether to delay Brexit beyond March 29 and Prime Minister Theresa May prepared to push lawmakers to vote again before then on her EU divorce deal, which they have twice rejected.
 
Key to May's plan will be an attempt to persuade the most pro-Brexit lawmakers to reverse their opposition to her deal in the face of a possibly long delay that could mean Britain ends up with a closer relationship with the EU than May's plan foresees or that Brexit is overturned in a second referendum.
 
Arlene Foster, leader of the Northern Irish Democratic Unionist Party (DUP) that props up May's minority government in parliament but which has so far voted against May's agreement, said it was working with the government to try to find a way of leaving the EU with a deal.
 
On Wednesday, parliament rejected the prospect of leaving the European Union without a deal, paving the way for Thursday's vote that could delay Brexit until at least the end of June.
 
Sterling surged as investors saw less chance of Britain leaving the EU without a transition deal to smooth its exit.
 
British finance minister Philip Hammond said Brussels might insist on a long delay to Brexit if the UK government requests an extension to the process.
 
'NOT IN OUR CONTROL'
 
"This is not in our control and the European Union is signalling that only if we have a deal is it likely to be willing to grant a short technical extension to get the legislation through," Hammond told Sky News.
 
"If we don't have a deal, and if we're still discussing among ourselves what is the right way to go forward, then it's quite possible that the EU may insist on a significantly longer period," he said.
 
May said on Wednesday lawmakers would need to agree a way forward before an extension could be obtained. All 27 other EU member states must agree to any extension.
 
She said her preference was for a short delay, meaning the government could try to pass the deal she negotiated with the EU by the middle of next week, even though it was rejected heavily by lawmakers in January and again on Tuesday.
 
Andrew Bridgen, a eurosceptic lawmaker from May's Conservative Party accused her of pursuing a "scorched earth" policy of destroying all other Brexit options to leave lawmakers with a choice between her deal and a delay of a year or more.
 
A senior official in Britain's opposition Labour Party said it would support a limited extension to the Brexit date beyond March 29 in order to seek a compromise that can be backed by lawmakers.
 
"We will be putting an amendment down to ensure parliament considers an extension, it doesn't necessarily have to be a long extension," Labour's finance spokesman John McDonnell told Sky News. "We will go for a limited extension today."
 
Lawmakers filed amendments to the government's motion on delaying Brexit that is due to be put to a vote later on Thursday.
 
One amendment seeks to rule out a second referendum while another is for a second referendum. A Labour Party amendment calls for a delay to Brexit to allow parliament time to find an alternative way forward.
 
- Reuters 
Share this

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Stock Screener using Technical and Fundamental criteria
MQ Affiliate
Join the MQ Affiliate Program today to earn rewards
 
 

484  338  445  743 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.0750.00 
 AIRASIA 0.75+0.02 
 LAMBO 0.010.00 
 EKOVEST 0.38+0.01 
 HIBISCS 0.325-0.01 
 HSI-C9J 0.205+0.015 
 ARMADA 0.1350.00 
 SANICHI 0.045+0.005 
 VELESTO 0.110.00 
 JAKS 0.73+0.01 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program

TOP ARTICLES

1. Dayang: The rapid price recovery is reassuring - Koon Yew Yin Koon Yew Yin's Blog
2. Genting Bhd - It’s Really Cheap; BUY Kenanga Research & Investment
3. This stock will do VERY well in the near term as the best is yet to come! Trend Trading 2030
4. Genting Malaysia - Place Your Bet When Banker Gets Hit Kenanga Research & Investment
5. Bursa Malaysia relaxes margin financing rules to ease forced selling pressure on market - Koon Yew Yin Koon Yew Yin's Blog
6. The world can learn from China how to overcome Covid - Koon Yew Yin Koon Yew Yin's Blog
7. (CHOIVO CAPITAL) Lessons from Golconda – A Reflection & On Moving Forward. Choivo Capital
8. 几乎一面倒唱衰股市的巨大声浪中,反抗直觉,想战胜人性,逆市操作,实实是一件不好受的苦差。 ABMB 银行为例,有很多股价已跌至十多年来最低,回顾1998,2009年谷底后猛回弹。
Partners & Brokers