The Brexit process could see yet more twists and turn this week following another defeat of Prime Minister Theresa May's withdrawal deal.
div > div.group > p:first-child"> U.K. lawmakers rejected the deal again on Tuesday evening by 149 votes, despite some latch-minute assurances from the EU which May had achieved in Strasbourg earlier in the week.
The first vote on a no-deal scenario — where the U.K. crashes out of the bloc and has to rely on WTO trading rules — is highly likely to be rejected by politicians. However, it's not concrete and there's still a possibility the U.K. could leave without a deal, even if they vote against it. "With only 17 days left to 29th March, today's vote has significantly increased the likelihood of a 'no-deal' Brexit ... Should there be a U.K. reasoned request for an extension, the EU27 will consider it and decide by unanimity," he added.
With only 17 days left until the Brexit deadline, it's possible that lawmakers could back this, although pro-Brexit MPs worry that this could lead to a second referendum or no Brexit at all. "The EU will want to know what use we mean to make of such an extension," a hoarse-voiced May told lawmakers. With just over two weeks left until the official departure date, investors and the wider public are still in the dark over what Brexit will look like. A research team at Citi said the defeat had dealt a further blow to the chances of an orderly Brexit under May.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia markets set for higher open; pound jumps as Theresa May secures Brexit concessionsAsian stocks are poised for a higher open on Tuesday, on the back of a strong performance in U.S. markets overnight as tech shares turned in strong gains.
Read more »
UK's Theresa May clinches legally binding Brexit backstop changes, deputy saysBritish Prime Minister Theresa May has clinched changes to her Brexit deal in her bid to win last minute support for her Brexit deal before it goes to a vote on Tuesday, senior minister David Lidington said on Monday.
Read more »
Theresa May says she has secured Brexit deal changes on eve of Parliament’s voteBritish Prime Minister Theresa May says she has won changes in the Brexit agreement, after a last-ditch trip to France to meet with EU officials.
Read more »
Brexit crunch looms for Theresa May as EU talks stallBritish Prime Minister Theresa May faces another Brexit humiliation after two ma...
Read more »
Theresa May scrambles to find a deal as Brexit crunch loomsBritish Prime Minister Theresa May was scrambling on Monday to clinch concession...
Read more »
May fails to win over her party ahead of Brexit voteBritain's exit from the European Union hung in the balance on Tuesday after...
Read more »
Theresa May quietly 'watering down' workers' rights in Brexit agreement, union warns'This sleight of hand—one that Ministers hoped no one would notice—shows exactly why we can’t trust this Government when it comes to our rights at work,' GMB General Secretary Tim Roache said.
Read more »
'No third chances': Theresa May puts revised Brexit deal to crunch vote for second timeThe prime minister has secured 'legally binding' assurances from the EU about her Brexit deal ahead of a crunch Commons vote on Tuesday evening.
Read more »
Mark Mobius says Theresa May 'has got to go'Veteran investor Mark Mobius had unforgiving words for the U.K.'s leadership ahead of crucial Brexit votes this week.
Read more »