Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

UK will likely have to delay Brexit if lawmakers reject May's deal - Hammond

Video Credit: Reuters Studio - Duration: 01:55s - Published < > Embed
UK will likely have to delay Brexit if lawmakers reject May's deal - Hammond

UK will likely have to delay Brexit if lawmakers reject May's deal - Hammond

Britain's finance minister Philip Hammond said on Thursday that Brexit would likely be delayed if lawmakers reject May's proposed deal in a vote on March 12.

Pascale Davies reports.

0
shares
ShareTweetSavePostSend
 

UK will likely have to delay Brexit if lawmakers reject May's deal - Hammond

The UK's departure from the EU could be put on ice, that's if lawmaker's vote down the government's Brexit deal next week- the Finance Minister warned.

(SOUNDBITE) (English) BRITISH FINANCE MINISTER, PHILIP HAMMOND, SAYING: "If we don't pass the meaningful vote on Tuesday we'll go into a parliamentary process that very likely will lead to an extension of time and an uncertain outcome." Hammond also warned eurosceptic colleagues that if they fail to back the government's deal they face the risk of a closer economic relationship with the EU.

If ministers do vote down the deal on Tuesday, Prime Minister Theresa May will ask parliament on Wednesday if it wants to leave the bloc with no deal.

And if that's rejected too, lawmakers will decide on Thursday if they want to try to delay Brexit.

A hard crash out of the EU, a worrisome prospect A Reuters poll forecast Sterling could drop to one dollar 20.

One economist said it could even fall to parity with the dollar.

The pound is currently at around one dollar 31.

And The Bank of England said Thursday it is more likely to cut intreats rates than raise them if no-deal is reached.

Recent talks between Brussels and London have made no headway over how to break the deadlock over the Irish backstop- according to diplomats on Tuesday.

Though the UK's chief lawyer adamant the Brexit text is being discussed with the EU.

( SOUNDBITE) (English) UK ATTORNEY GENERAL, GEOFFREY COX, SAYING: "I am surprised to hear the comments that have emerged over the last 48 hours that the proposals are not clear, they are as clear as day and we are continuing to discuss them." But a UK Government source later said there is nothing to suggest, for the moment, that anything will change in talks in the next 48 hours.

UK media reported that Britain has been urged to table fresh proposals to the deal by Friday and that EU officials would work over the weekend if "acceptable ideas" were received by then.



Recent related news from verified sources

UK's Hammond says not there yet on Brexit vote support

The British government does not yet have the support of enough lawmakers to win a parliamentary vote...
Reuters - Published


You Might Like


Tweets about this


Recent related videos from verified sources

Theresa May Reluctant To Bring Her Brexit Deal Back To Parliament For A Third Vote [Video]Theresa May Reluctant To Bring Her Brexit Deal Back To Parliament For A Third Vote

British Prime Minister Theresa May hinted on Friday that she might not bring her European Union withdrawal deal back to parliament for a third time next week if there was not enough support for it to..

Credit: Wochit News     Duration: 00:58Published

May wins Brexit reprieve, with a catch [Video]May wins Brexit reprieve, with a catch

EU leaders have granted the UK a two-week Brexit reprieve. But it must now agree on Theresa May's deal or find another plan. Lucy Fielder reports.

Credit: Reuters Studio     Duration: 01:45Published

May's EU Summit Described As An 'Inexcusable' Failure [Video]May's EU Summit Described As An 'Inexcusable' Failure

According to Reuters, the deputy leader of the Northern Irish party that props up Theresa May’s government said on Friday that nothing has changed as far as the Brexit divorce deal British Prime..

Credit: Wochit News     Duration: 00:34Published

Europe markets: grim PMIs puncture Brexit boost [Video]Europe markets: grim PMIs puncture Brexit boost

Europe's share markets moved up on relief at the extension of Britain's EU departure deadline, only to move down again on grim PMI surveys. Sterling went the other way - first plunging, but then..

Credit: Reuters Studio     Duration: 01:37Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.