Lawmakers in the U.K. Parliament voted to reject a limited time frame for reviewing legislation related to Britain’s withdrawal from the European Union.
MPs rejected the timetable, which would have seen the Withdrawal Agreement Bill (WAB) legislation whizz through Parliament in 3 days, by 322 to 308 votes.
In reaction, sterling fell 0.1% versus the dollar. Prime Minister Boris Johnson said he would now pause the legislation until he had discussions with EU leaders.
Prior to the vote, many UK lawmakers had expressed frustration that three days was not enough time to understand the bill which runs to more than 100 pages.
The Conservative government had pushed for the timetable as they bid to hit their promise of delivering Brexit by October 31. It is also concerned that a longer period of review will result in the bill being heavily amended.
It now means that the U.K. is almost certainly not going to leave the U.K. on October 31 and the EU will provide an extension to prevent a no-deal Brexit occurring.
n response, the prime minister said he was disappointed with the delay but “one way or another we will leave the EU with this deal.”
The leader of the opposition, Jeremy Corbyn, said he would offer to work with the Conservative government to agree on “a reasonable timetable.”
The prime minister said earlier Tuesday that if this “timetable vote” failed to go his way, he could pull the whole legislation and instead call for a U.K. general election.
“If Parliament refuses to allow Brexit to happen and instead gets its way and decides to delay everything until January or possibly longer, in no circumstances can the government continue with this. And with great regret, I must say the bill will have to be pulled and we will have to go forward to a general election,” he said.
Source: CNBC
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