Brexit likely to be delayed as Westminster rejects timetable
- 1 month ago
U.K. lawmakers have rejected the time frame proposed by Boris Johnson regarding Brexit, once again leaving short of a fiasco.
Westminster MPs rejected the timetable by 322 to 308 votes, interestingly an approval would have allowed the Withdrawal Agreement Bill to make its way through Parliament within 3 days.
Due to the inability to agree, the GBP fell by 0.1% against the USD.
PM Johnson has had to put on hold the whole Brexit dilemma until he has further talks with officials in Brussels.
EU Council President Donald Tusk has already recommended that all countries favour the U.K.’s proposed extension until January 2020 in order to avoid a no deal Brexit.
In a social media post, Mr. Tusk said “Following PM @BorisJohnson’s decision to pause the process of ratification of the Withdrawal Agreement, and in order to avoid a no-deal #Brexit, I will recommend the EU27 accept the UK request for an extension. For this I will propose a written procedure.”
Source: Smart Trend Team