Showing posts with label UK. Show all posts
Showing posts with label UK. Show all posts

Thursday, 14 March 2019

UK parliament rejects no-deal Brexit



UK PM May Pushes Delay After Parliament Rejects No-Deal Brexit


Zero Hedge,
13 March, 2019

Update (4:15 pm ET): Bloomberg reports some details on the government's motion to delay Brexit to be voted on tomorrow.
  • Government Motion Sets Deadline of March 20 to Get Deal Done
  • Proposes Short Extension if Deal Is Passed by March 20
  • If No Deal by March 20, EU Will Determine Length of Delay
  • Government Sees Extension to June 30 if Deal Is Passed in March
Cable extended its gains...
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Update (4:00 pm ET): The EU isn't amused. A European Commission spokesman texts to say:
"To take no deal off the table, it is not enough to vote against no deal - you have to agree to a deal."
Leading Brexiteer Jacob Rees-Mogg has made the important point that this isn't binding on the government. But there's no denying the strength of the signal lawmakers just sent to May.






The key question now is what would May expect to achieve by extending until late May? Given her government has had two years already without success to try and get a deal.
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Update (3:30 pm ET):
The narrow margin - with a majority of just 4 - suggests that some ministers likely rebelled and voted against the government whipFT has speculated that resignations may follow. 
The amendment is not legally binding, so does not automatically change the process. It has no mechanism for avoiding no deal, and offers no further path away from one. No deal remains the legal default.
However, the vote is a clear indication that the Commons rejects leaving without a deal at any point in time. The government will now come under enormous pressure to take concrete steps to move away from no deal.
The amendment deleted specific references in the government's own motion to March 29 - the deadline for leaving the EU under Article 50 (and UK law) - and simply states that the house rejects leaving without "a withdrawal agreement". -FT
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Cable was extending its gains as the UK parliament headed into its vote on a no-deal brexit.
Bloomberg's Emma Ross-Thomas points out, while lawmakers are set to walk away from the cliff's edge by taking the threat of a no-deal Brexit off the table, in some ways the recent events amount to an "own goal" (in football parlance) for Brexiteers. For those wanting a clean break from the EU, nixing May's deal raises the potential for a "soft" Brexit down the line, or even a second referendum on leaving at all.
So what is the government motion being voted on tonight? Here it is, in its own words:
"That this House declines to approve leaving the European Union without a Withdrawal Agreement and a Framework for the Future Relationship on 29 March 2019; and notes that leaving without a deal remains the default in UK and EU law unless this House and the EU ratify an agreement."
And the vote is in - the UK parliament rejects a No-Deal Brexit by 312-308.
Sending Cable higher...
While this is a non-bdining vote, May has said she abide by the vote.
U.K. Prime Minister Theresa May is now planning to ask the European Union for an extension to the March 29 Brexit deadline lasting about two months, according to people familiar with the matter.
May is planning to set out next steps and how the extension to the Article 50 deadline will work with Parliament due to vote on whether to extend the deadline on Thursday.

From the UK media - 


Monday, 29 May 2017

Angela Merkel: "Europe must take its fate into its own hands"; "US, Britain no longer reliable partners.”


Angela Merkel tells Germany that depending on the US or UK is over (Video)


28 May, 2017
Angela Merkel knows that Germany cannot survive without US support.
Speaking at a CDU election rally in Munich, German Chancellor Angela Merkel said that Europe “must take its fate into its own hands.”

The AFP headline read…Merkel warns US, Britain no longer reliable partners.”

Merkel, who has single-handedly destroyed most of the European Union in favor of globalist, neo-liberal values, knows full well that without US support Germany will never be able to assert its power over the rest of the EU.

Consider Merkel’s speech more of a globalist plea for help and support from elitist friends, instead of a statement of strength.




Faced with a western alliance divided by Brexit and Donald Trump’s presidency, Merkel said “die zeiten, in denen wir uns auf andere völlig verlassen konnten, sind ein Stück vorbei”, or loosely translated “the times in which we could completely depend on others are on the way out” and added that “I’ve experienced that in the last few days.”

Merkel then said that while Germany and Europe would strive to remain on good terms with America and Britain, “we have to fight for our own destiny” and she also said that special emphasis was needed on warm relations between Berlin and newly-elected French President Emmanuel Macron.

Her comments came after Trump said during the G-7 meeting he needed more time to decide if the US would continue backing the Paris climate deal, which has frustrated European diplomats.

Edward Snowden, and many other pundits, took to twitter to reflect on the gravity of Merkel’s statement…


This is an era-defining moment.



Merkel today: "The times in which [Germany] could fully rely on others are partly over. I have experienced this in the last few days."