Published: Thu, March 14, 2019
Global Media | By Garry Long

Brexit solution must come from London, Dutch prime minister tells British

Brexit solution must come from London, Dutch prime minister tells British

Lawmakers voted by 391 to 242 against the deal, the second time they have defeated it.

That defeat is what has led to such unpredictable times. That extension could be as short as three months or as long as two years.

"There should be an overwhelming Parliamentary majority to prevent a no-deal exit on March 29, which should lend some support to the pound", Morgan Stanley strategists said.

Prime Minister Theresa May badly lost a vote on her Brexit withdrawal agreement late on Tuesdayand parliament will vote again on Wednesday on whether the United Kingdom should leave the European Union on March 29 without a deal.

Deal or no deal?

The fate of the EU withdrawal agreement remained uncertain after Prime Minister Theresa May and European Commission President Jean-Claude Juncker secured legally-binding and mutually acceptable changes in a last-minute meeting before Tuesday's key vote.

She told lawmakers after their Wednesday vote they are down to two choices: approving a withdrawal agreement in coming days and requesting a short delay to Brexit, or requesting a "much longer" extension from the European Union in hopes of negotiating a new arrangement.

The MPs then voted on the main motion, as amended, passing it with an even greater margin of 43, with 321 voting in favor and 278 against.

He said: "I made a promise in the election to call a referendum and I called the referendum".

But British media has reported that the Prime Minister has not discussed resignation with her Cabinet yet.

Whatever Parliament decides this week, it won't end Britain's Brexit crisis.

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The successful amendment was put forward by Yvette Cooper.

"No deal must be taken off the table".

Many fear Brexit will divide the West as it grapples with both the unconventional USA presidency of Donald Trump and growing assertiveness from Russian Federation and China, leaving Britain economically weaker and with its security capabilities depleted.

The EU's chief negotiator, Michel Barnier, said in a tweet that "The EU has done everything it can to help get the Withdrawal Agreement over the line".

After two-and-a-half years of negotiations and two failed attempts to pass her deal, parliament are voting to reject a no-deal exit, which investors feared would spook financial markets, dislocate supply chains and damage the world's fifth largest economy.

Scotland's First Minister also believes that following the latest setback on her proposed Brexit deal, May should now definitively rule out on a No-Deal scenario and look to extend the deadline to leave the European Union that was triggered by Article 50.

"All of this will need to be taken together and analysed very carefully because we are speaking at the moment without having had sight of the precise text", Mr Dodds, whose party voted against the deal in January, told parliament. This new deal delivered on the result of the referendum, and provided new legal reassurances to those concerned about being trapped in the backstop. However Caroline Spelman said she no longer backs her own amendment.

Sterling had steadily risen on foreign currency exchanges throughout the day amid speculation that a no-deal Brexit was becoming less likely, before rising more sharply in the evening.

"Labour has set out a credible alternative plan".

There are questions about whether May can survive the turmoil - and whether the deadlock can only be broken by a general election.

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