Brexit Update: British Parliament Rejects No-Deal Brexit

 In Brexit

The UK parliament said NO to the deal May agreed with the EU yesterday, even after assurances regarding the backstop were added to the agreement. Today the UK parliament voted again, and this time about the UK leaving the EU with or without a deal.

NO again

For the second, or actually the third time, the UK parliament said no to May’s plan. May wanted to leave the EU without a deal. A small majority of MPs didn’t want that. So, same as yesterday, we wonder: what is next?

This graphic by the BBC gives a good overview:

See the original image and accompanying article explaining the 7 options here.

According to the Guardian…

The Guardian is one of the leading British newspapers reporting on Brexit. Here’s what the Guardian writes about the ‘second’ vote:

After the prime minister’s deal was heavily voted down for a second time on Tuesday, she announced a government motion ruling out a no-deal Brexit on 29 March – overturning her longstanding policy of refusing to rule it out.

…MPs voted by 312 to 308 to support a backbench amendment which rule[s] out a no-deal exit altogether.

A second amendment, urging the government to pursue the “Malthouse compromise” – essentially a form of managed no deal – was heavily defeated, by a majority of 210, despite May offering a free vote.

[May] said that if the UK requested an extension to article 50, “the EU will want to know what use we mean to make of such an extension. This house will have to answer that question.”

Read the full article here.

Another Referendum?

The Sun writes about the chances of a second referendum on Brexit. How would the citizens of the UK vote if asked if the UK should leave the EU again:

…a second referendum may also be on the cards, after nearly a million people marched in support of a ‘People’s Vote’, campaigning for a second referendum to be held on Brexit.

Some MPs, though are keen for a binding referendum, where the result would automatically take effect.

However, the BBC points out, there would need to be a new piece of legislation to make this happen, and to work out the rules, for example, who could vote.

An analysis by Reuters indicated there was no majority in British parliament for a second Brexit referendum among lawmakers.

The study came ahead of a crunch meaningful vote on March 12, which May lost by an overwhelming majority, for a second time.

Coral spokesman John Hill said that the firm has cut the odds on a general election taking place this year into 5-4 (from 7-4), while it is 6-4 that there is another EU referendum in 2019.

A poll carried out by YouGov on March 1 revealed that 51 per cent believe Remain would win if there was a second referendum, 23 per cent say the same for Leave and 14 per cent would be undecided.

If you are interested in reading more on a potential second referendum, then the following article from The Week may be of interest: Brexit: the pros and cons of a second referendum.

An Extension? What Will You Do With That?

In a statement at the European Parliament Plenary Session today Michel Barnier, Chief Brexit negotiator for the EU said:

Following these votes, it will be for the British government to tell us – I hope positively – how it wishes to proceed, to finally bring together a constructive majority for a proposal. It is the United Kingdoms responsibility to tell us what it wants for our future relationship, what its choice is, what its clear line is.

We must now ask that question before asking about any possible extension. Extending the negotiation: for what reason? The Article 50 negotiation is now over. We have the treaty. It is here.

We are in a very serious moment because the risk of no deal has never been higher, including an accidental no deal. I recommend that nobody underestimates this risk or its consequences.

Read the full statement here.

We will keep you posted on further developments tomorrow.

For more information on Brexit and what it can mean for your company, please see: ‘How to have a soft landing, after a hard Brexit’

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