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World Brexit Decision Day Looms as U.K Lawmakers Weigh Vote on Deal

01:35  19 october  2019
01:35  19 october  2019 Source:   bloomberg.com

What happened with Brexit on Super Saturday, and what happens next?

  What happened with Brexit on Super Saturday, and what happens next? Boris Johnson's plans to hold a decisve vote on his Brexit deal were scuppered by lawmakers in the House of Commons, who voted to delay approval until the associated legislation is passed.Boris Johnson planned to put his new Brexit deal to a vote in Parliament, on a historic, emergency session that promised to finally bring clarity to the process.

Boris Johnson will put his Brexit deal to Parliament to accept or reject Saturday, knowing that his political future and that of the country he leads are on the line in the knife-edge vote . The U . K .’s 650 members of Parliament will convene in Westminster for only the fourth Saturday sitting since World

British lawmakers on Wednesday rejected leaving the European Union without a deal in any scenario, paving the way for a vote to delay Brexit to seek a way

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(Bloomberg) -- Boris Johnson will put his Brexit deal to Parliament to accept or reject Saturday, knowing that his political future and that of the country he leads are on the line in the knife-edge vote.

The U.K.’s 650 members of Parliament will convene in Westminster for only the fourth Saturday sitting since World War II to decide whether to endorse the Brexit agreement Johnson struck Thursday with the European Union.

Boris Loses Control as Parliament Rejects Brexit Exit Plan

  Boris Loses Control as Parliament Rejects Brexit Exit Plan Boris Johnson’s “do or die” pledge to take Britain out of the European Union by Oct. 31 was quashed by Parliament on Tuesday night, handing the initiative to the EU to trigger a British election. Johnson said he would call for a general election if British lawmakers refused to allow him to rush through his deal and the EU proposed a new extension of three months or more. Under a law passed in Westminster last month, Johnson is not allowed to negotiate to shorten whatever extension the EU chooses. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.

Currency markets are likely to react sharply to the vote in Britain’s Parliament on Saturday on Prime Minister Boris Johnson’s Brexit deal . With the pound being the main barometer to the ups and downs of the Brexit saga, here is a guide to the levels to watch when markets reopen at the end of

The deal , explained by Europe’s chief Brexit negotiator. D. U .P. lawmakers have long sought a veto on post- Brexit trading rules, seeing that provision as the only way to ensure that Previous attempts in Parliament to make way for a second public vote on Brexit have failed, and it was not clear that

Will Johnson Win? We’re Counting the Votes

If the British prime minister wins the critical vote, the country will be on course to leave the EU at the end of the month in an orderly break-up. A status-quo transition period lasting until the end of 2020 will give businesses and citizens time to plan for life outside the EU.

But if Johnson loses, the U.K. will be hurled into an unprecedented political and constitutional crisis, with a potentially severe impact on trade, hitting supplies of food and fuel, and sparking civil disorder.

Johnson has vowed he will seek to force the U.K. out of the EU on Oct. 31 even if MPs reject his divorce accord Saturday -- without an agreement to soften the impact on the economy and society.

His opponents in Parliament are aiming to stop him by using a new law under which he is required to write to the EU by the end of the day Saturday seeking to secure an extension to the Brexit deadline, if he hasn’t won MPs’ backing for his deal, or for a no-deal split.

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If lawmakers vote against the deal Tuesday evening — as is now believed to be the most likely scenario following contentious legal advice on the deal — they will then get to vote on Wednesday and Thursday, respectively, on whether the U . K . should leave the 28-member bloc with no deal , or should

a large clock tower towering over a body of water: Clouds gather over the Houses of Parliament in London, U.K., on Tuesday, Oct. 15, 2019. U.K. Prime Minister Boris Johnson's hopes of a Brexit deal are likely to depend on him not only persuading the European Union to compromise, but his Northern Irish allies too.© Bloomberg Clouds gather over the Houses of Parliament in London, U.K., on Tuesday, Oct. 15, 2019. U.K. Prime Minister Boris Johnson's hopes of a Brexit deal are likely to depend on him not only persuading the European Union to compromise, but his Northern Irish allies too.

Johnson says he will keep fighting to exit the EU on time, whatever the cost. The clash could end up with legal challenges against the government within days, potentially concluding in the U.K. Supreme Court.

An emergency 11th hour summit in Brussels, a general election, another attempt to pass a vote in Parliament, and even another referendum could all follow.

Without a majority in the Commons, and having alienated his Northern Irish allies, who prop up his government, Johnson faces a struggle to secure the votes he needs to prevail.

He spent Friday trying to woo skeptical MPs in his own party as well as opposition Labour politicians who represent pro-Brexit districts. The result looks set to be too close to call, and Johnson’s team believe they’re making progress, according to an official who declined to be named.

Boris Johnson's election call is an admission he's run out of Brexit options

  Boris Johnson's election call is an admission he's run out of Brexit options Under normal circumstances, the British Prime Minister would be celebrating. But nothing is normal in Brexit Britain. © Frank Augstein/AP Britain's Prime Boris Johnson leaves 10 Downing Street to attend the weekly Prime Ministers' Questions session, in parliament in London, Wednesday, Oct. 23, 2019. (AP Photo/Frank Augstein) Despite not having a parliamentary majority, his brand new legislative agenda has just been approved by the House of Commons. Instead of popping open the champagne and getting ready to crack on with governing, Johnson is gearing up for an early general election.

European stocks seen mixed ahead of UK lawmakers ' crucial Brexit deal vote . U . K . Prime Minister Boris Johnson agreed a new Brexit deal which was unanimously backed by European Union leaders on Thursday, but must now fight to secure approval from British MPs (Members of Parliament) in a

“ Decisions of recent days have caused the risk of no deal to soar,” the statement said. “Firms and communities across the U . K . are not But the prime minister’s angry denunciation of lawmakers in a national address Wednesday evening is unlikely to make it any easier to win over opposition legislators.

“Imagine what it could be like tomorrow evening, if we have settled this, and we have respected the will of the people, because we will then have a chance to move on,” Johnson said in an interview with BBC TV on Friday. “This has been a long, exhausting and quite divisive business.”

Johnson received a boost from the EU when French President Emmanuel Macron said even if Parliament rejected the deal, there would be no further delay to Brexit day beyond the current deadline of Oct. 31.

That added to the pressure on MPs who would prefer another extension to the deadline to leaving the EU without a deal.

In other developments:

  • Opponents of Johnson’s threat to pursue a no-deal Brexit moved to reinforce their options.
  • Former Tory cabinet minister Oliver Letwin is proposing an amendment to the motion to approve Johnson’s exit accord that he says will act as an insurance policy to make sure the U.K. can’t an accidentally fall out of the EU with no-deal on Oct. 31.
  • Letwin’s amendment, which may be voted on before Johnson’s deal gets a chance to be put to MPs for approval, would withhold Parliament’s endorsement for the exit agreement until a new law is in place implementing Brexit.
  • A group of Labour MPs have put forward an amendment to Johnson’s motion that would give Parliament’s backing to a referendum on any deal agreed with the EU.
  • Johnson sought to woo Labour MPs with a promise to make commitments that ensure increased protection of workers’ rights and environmental standards in domestic law as the U.K. leaves the EU.
  • A separate new pledge from Downing Street would increase parliamentary scrutiny of the negotiations on the future partnership trade deal between the U.K. and the EU.

(Adds Johnson pledge on worker rights.)

--With assistance from Jessica Shankleman and Thomas Penny.

To contact the reporters on this story: Tim Ross in Brussels at tross54@bloomberg.net;Robert Hutton in London at rhutton1@bloomberg.net

To contact the editors responsible for this story: Flavia Krause-Jackson at fjackson@bloomberg.net, Robert Jameson

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

The Latest: Boris Johnson accepts 3-month Brexit extension .
The Latest on Brexit (all times local): 5:40 p.m. British Prime Minister Boris Johnson has grudgingly accepted a three-month delay to the U.K.'s departure from the European Union, but stressed that he's doing it against his will and urged the EU to grant no more delays. In a letter to European Council President Donald Tusk, Johnson says that under U.K. law "I have no discretion . to do anything other than confirm the U.K.'s formal5:40 p.m.

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