Share Price.com

Westminster Struggling to Agree on Brexit Deal

Monday, 26th November 2018
UNDEFINED

At present, it appears that May is unlikely to get the deal passed. To have the deal agreed, she would need to have a working majority of 13. If seven Tories rebel, then the bill could be defeated. So far, 81 Tory MPs have said that they do not agree with the deal that May is hoping to sign off. It is likely that Labor and the Liberal Democrats, as well as the SNP and some DUP politicians, will also vote against the motion.

Brexit is set to take place at 11PM on March 29 2019. When that time passes, EU treaties will no longer apply to the UK. If the bill does not pass, then the government has 21 days to decide how to proceed and another seven days to move a motion in the Commons. Likely options include a new election, a ‘negotiated no deal’, and a second referendum with the possibility of stopping Brexit. The mood in the House of Commons is shifting rapidly, and MPs on both sides are well aware of how important it is to provide some stability given the current economic climate. Housebuilders and financial companies are already feeling the effects of the ongoing uncertainty, as workers and investors are now reluctant to commit to the UK.



Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News



SharePrice.com will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.