www.varchev.com

Boris Johnson lost: Parliament rejected No - deal Brexit

Rating:

12345
Loading...

Will we see an early parliamentary election in October?

We will find out soon. The vote is expected to pass a complete abolition of the no-deal Brexit, backed by Labor, Liberal Democrats and Rebels in the face of the Conservatives.

Boris Johnson is then expected to propose a new general election. Labor wants elections, but according to sources, they will not allow this to happen. The results will be released in 10 minutes.

In order for Boris's request to come to fruition, the government will have to call a deal by October 21 and remove its no-deal Brexit requirements.

The first Brexit fix was canceled. This amendment meant that Parliament did not need to approve the final deal.

The following is more interesting. It will give parliament another chance to vote in favor of extending the Brexit deal - one that May has achieved. (Parliament's spokesman abolished the vote on this amendment). Addendum: (Not repealed. This was mistakenly approved because there were no politicians to vote. As a result, this amendment will again be put to the vote at some point.

The vote to block No - deal Brexit is currently underway. If it goes as expected, it will move to the upper House.

The UK Parliament has agreed to block No - deal Brexit by 31 January 2020. The proposal will go to the upper House. Politicians voted 327 for 299 against. Things are now shifting to House of Lords, which will take at least two days to push through the reform. But if they make any change, they will have to vote again.

From the official statement: According to the proposal, if the House of Commons agrees to a No-deal Brexit or approves a deal with the EU, the government will have until October 19 to look for a way to extend Point 50 to January 31, 2020. The 90-minute debate follows for new snap elections. According to the Fixed - term Parliaments Act 2011, such elections can only occur every five years, with subsequent ones scheduled for May 5, 2022. However, the F-t PA allows an exception for earlier elections. At least 2/3 of the parliament must agree to call such elections or pass a no-confidence motion and there is no alternative government within 14 days.

The chance of a majority is very small today. Tomorrow Boris may take a no-confidence vote.


 Trader Martin Nikolov

Read more:

RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance

London


25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256

Universal numbers

World Financial Markets - 0700 17 600    Varchev Exchange - 0700 115 44

Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.

Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006

The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.


Disclaimer:

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

chat with dealer
chat with dealer
Cookies policy