SHANGHAI, March 27, 2018 (Newswire.com) - The UK’s opposition Labour Party will insist that parliament has the last say on the government’s proposed Brexit agreement. Ashton Whiteley analysts say this will include the option of sending the ministers back to negotiations instead of leaving with no deal.
Last week, UK Prime Minister Theresa May secured a transition deal which gives the UK 21 months after Brexit to remain as a non-voting member of the EU, until the end of 2020. May’s administration must now attempt to negotiate the details of the UK’s future trading relationship with the EU. Ashton Whiteley analysts say this could prove to be the most complicated stage of the separation negotiations.
The British government has promised to allow parliament to approve the final deal but has indicated that the only options are to either accept the exit deal or leave without one.
On Monday, Keir Starmer, Labour’s Brexit policy chief is calling for a different strategy and has stated that parliament’s rejection of a proposed Brexit deal should not give May the option of exiting the EU without a deal.
Tony Blair, the former Labour Prime Minister will call for parliament to take things a step further, insisting that a referendum be held to decide whether or not to accept the proposed Brexit deal.
Ashton Whiteley analysts say a “No Deal” exit would cause tremendous upset in the financial markets, disrupt trade and fuel political uncertainty in the world’s sixth biggest economy.
In a bid to offer parliament other alternatives, the Labour Party will attempt to amend the legislation that will officially end the UK’s European Union membership in March next year.
Contact - Market Watch Asia - 128 Chaoyang Park S Rd, Chaoyang Qu, Beijing Shi, China. email@example.com
Source: Ashton Whiteley