fxs_header_sponsor_anchor

News

PM May/UK parliament Brexit showdown on December 11th

As reported by Bloomberg, the UK's Prime Minister Theresa May is set to face-off against her own hostile parliament when the House of Commons votes on her current Brexit deal on December 11th.

Key quotes

The vote will mark the moment when British politicians decide whether to accept the contentious divorce terms May has struck with the European Union -- or put the country on course to crash out of the bloc with no agreement in place.

“There is a choice which this House will have to make,” May told the Commons. “We can back this deal, deliver on the vote of the referendum and move on to building a brighter future of opportunity and prosperity for all our people. Or this House can choose to reject this deal and go back to square one,” she said.

May got a taste of how difficult her task will be. A succession of Conservatives warned her they will not back her plan. Without an automatic majority in Parliament, May needs every vote she can get.

“No sooner is the ink dry than the Spanish are after Gibraltar and the French are after our fish,” Conservative Mark Francois said as he called May’s deal a “surrender.” The prime minister “knows the mathematics” in Parliament, he said. “The deal will never get through.”

May has launched a national campaign and is embarking on a U.K.-wide tour to win support for the agreement. The deal, which took 17 months of negotiations to finalize, offers to keep Britain closely tied to EU rules to allow for smooth trade with the bloc after Brexit.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.