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Monday, 07 January 2019 17:00

Theresa May fights for Brexit deal

Theresa May fights for Brexit deal

UK Prime Minister Theresa May stepped up her battle to persuade her opponents in Parliament to back her Brexit deal, warning the U.K. will be in “uncharted territory” if they reject her plan in a key vote this month, Caspian Energy News (www.caspianenergy.net) reports with reference to Bloomberg.

The prime minister on Sunday outlined a three-pronged campaign to win support for the agreement she’s struck with the European Union, proposing to give Parliament a bigger say over the future trade terms with the bloc, promising to say how the deal will work in Northern Ireland and seeking fresh assurances from the EU.

With less than three months to go until Britain’s scheduled departure from the EU, there’s still no clarity on what will happen. May’s deal, brokered over 18 months of painstaking negotiations with the bloc’s envoys, looks almost certain to fall in parliament. That would put the country on track to tumble out of the bloc without a deal, putting jobs and the economy at risk as new tariffs and bureaucratic barriers strangle trade with the continent.

 “If the deal is not voted on at this vote that’s coming up, then actually we’re going to be in uncharted territory,” May said on the BBC’s Andrew Marr Show. “I don’t think anybody can say exactly what will happen in terms of the reaction that we’ll see in Parliament.”

If she fails to secure the support of the House of Commons in the vote this month, May suggested Brexit without a deal would be in the cards -- something analysis by the Treasury and the Bank of England suggests could be economically devastating. She even left open the dramatic option of a second referendum while insisting she doesn’t want one.

Aware of the risks, lawmakers are mounting a rear-guard attempt to thwart the chance of a no-deal Brexit. More than 200 members of both the Conservatives and opposition parties have signed a letter to May calling on her to rule the option out, and others are seeking to amend legislation to make it less likely that Britain will tumble out of the bloc.

Debate on the deal is set to begin on Wednesday, with the vote due in the week beginning Jan. 14.

More details: https://www.bloomberg.com/news/articles/2019-01-06/may-fights-for-brexit-deal-and-warns-of-second-referendum-risk?srnd=premium-europe

Person in charge of the newsline: Olga Nagiyeva 

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