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Confused by Brexit? Here's what happens

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Brexit continues to harass us with his twists at every opportunity as the exit date approaches March 29. However, we are still far from knowing what the future relationship between the EU and the UK will be.

May has previously rejected the possibility of extending Point 50. Pro-Brexit ministers do not approve of this scenario at all and see it as a way of trying to stop the Brexit process as a whole.

February 27: In the evening, ministers have several votes to vote on May's strategy. Corbyn's proposal is for a second referendum, which will also be considered.

March 12: Parliament has to vote on the overall proposal. This will be the second such vote, as the majority of the first vote voted against May in January.

March 13: If May's proposal fails to win majority approval, they will vote on March 13 to support Brexit's no-deal. "No - deal" scenarios will impede complete exit from the bloc, a new 21 - month period and a revision of the trade rules by the World Trade Organization.

March 14: If the House of Representatives voted against the May proposal and the EU exit without a deal, then on that date ministers will put the idea of ​​a "short extension of Point 50". If you voted successfully, you have to wait for Brussels' approval. How long this increase may be, but experts say the most likely option is three months. If parliament rejects the extension, the UK will leave the EU without a deal because it will already be rejected on May 12th proposal.

March 29: To leave or not? Depending on the previous votes, the way in which Britain will emerge from the European Union will be determined.

Source: CNBC


 Trader Martin Nikolov

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