Theresa May's Brexit Deal Crushed in Parliament, UK PM to Face No Confidence Vote

Agencies
January 16, 2019

London, Jan 16: British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.

After parliament voted 432-202 against her deal, the worst defeat in modern British history, opposition Labour Party leader Jeremy Corbyn promptly called a vote of no confidence in May's government, to be held at 1900 GMT on Wednesday.

With the clock ticking down to March 29, the date set in law for Brexit, the United Kingdom is now ensnared in the deepest political crisis in half a century as it grapples with how, or even whether, to exit the European project that it joined in 1973.

"It is clear that the House does not support this deal, but tonight's vote tells us nothing about what it does support," May told parliament, moments after the result was announced.

"... nothing about how - or even if - it intends to honour the decision the British people took in a referendum parliament decided to hold."

More than 100 of May's own Conservative lawmakers - both Brexit backers and supporters of EU membership - joined forces to vote down the deal. In doing so, they smashed the previous record defeat for a government, a 166-vote margin, set in 1924.

The humiliating loss, the first British parliamentary defeat of a treaty since 1864, appeared to catastrophically undermine May's two-year strategy of forging an amicable divorce with close ties to the EU after the March 29 exit.

With May vowing to stand by her deal and Labour trying to trigger a national election, parliament is still effectively deadlocked, with no alternative proposal.

May's spokesman told reporters that May's deal could still form the basis of an accord with the EU, but opponents disagreed.

"This deal is dead," said Boris Johnson, the Conservative Party's most prominent Brexiteer, who urged May to go back to Brussels to seek better terms.

May Appears Safe

If there was any consolation for May, it was that her internal adversaries appeared set to fight off the attempt to topple her.

The small Northern Irish DUP party, which props up May's minority government and refused to back the deal, said it would still stand behind May in the no-confidence vote. The pro-Brexit Conservatives who were the most vehement opponents of her deal also said they would support her.

Labour has said if it fails to trigger an election then it will look at the possibility of supporting another referendum.

The EU said the Brexit deal remained the best and only way to ensure an orderly withdrawal. Austrian Chancellor Sebastian Kurz said there would be no further renegotiation.

"The risk of a disorderly withdrawal of the United Kingdom has increased with this evening's vote," said EU Commission President Jean-Claude Juncker, adding that it would intensify preparations for a no-deal Brexit.

A Labour Party spokesman said it was becoming more likely that Britain would have to ask the EU to postpone the March 29 departure date required by the Article 50 withdrawal notice.

But Donald Tusk, the chairman of EU leaders, suggested Britain should now consider reversing Brexit altogether.

"If a deal is impossible, and no one wants no deal, then who will finally have the courage to say what the only positive solution is?" he tweeted.

Sterling rallied more than a cent against the dollar, on some expectations that the scale of the defeat might force lawmakers to pursue other options. [GBP/]

May said she would reach out to opposition parties to forge a way ahead. But Corbyn, who wants Labour to be given the chance to negotiate with Brussels, was dismissive.

"After two years of failed negotiations, the House of Commons has delivered its verdict on her Brexit deal, and that verdict is absolutely decisive," he said. "Her governing principle of delay and denial has reached the end of the line."

At a Crossroads

Ever since Britain voted by 52-48 percent to leave the EU in a referendum in June 2016, the political class has been debating how to leave the European project forged by France and Germany after the devastation of World War Two.

While the country is divided over EU membership, most agree that the world's fifth largest economy is at a crossroads and that its choices over Brexit will shape the prosperity of future generations.

"UK assets will continue to be vulnerable to the political volatility and we don't expect this will subside until a concrete conclusion emerges," UBS Wealth Management told clients.

Before the vote, May had told pro-Brexit lawmakers that if her plan was rejected, it was more likely that Britain would not leave the EU at all than that it would leave without a deal.

Supporters of EU membership cast Brexit as a gigantic mistake that will undermine the West, smash Britain's reputation as a stable destination for investment and slowly weaken London's position as a global capital.

Many opponents of Brexit hope May's defeat will ultimately lead to another referendum on EU membership, though Brexit backers say that thwarting the will of the 17.4 million who voted for Brexit could radicalise much of the electorate.

"I became prime minister immediately after that referendum," May said. "I believe it is my duty to deliver on their instruction, and I intend to do so."

Brexit supporters cast leaving as a way to break free from a Union they see as overly bureaucratic and fast falling behind the leading economic powers of the 21st century, the United States and China.

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News Network
July 24,2020

New Delhi, Jul 24: India reported the highest single-day spike of 49,310 coronavirus cases on Friday, according to the Union Ministry of Health and Family Welfare.

The total COVID-19 positive cases stand at 12,87,945 including 4,40,135 active cases, 8,17,209 cured/discharged/migrated.
With 740 deaths in the last 24 hours, the cumulative toll reached 30,601.

Maharashtra has reported 3,47,502 coronavirus cases, the highest among states and Union Territories in the country. A total of 1,92,964 cases have been reported from Tamil Nadu till now, while Delhi has recorded 1,27,364 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 3,52,801 samples were tested for coronavirus on Thursday and overall 1,54,28,170 samples have been tested so far. 

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News Network
February 19,2020

Beijing, Feb 19: The death count from China's new coronavirus epidemic jumped to 2,000 on Wednesday after 132 more people died in Hubei province, the hard-hit epicentre of the outbreak.

In its daily update, the province's health commission also reported 1,693 new cases of people infected with the virus.

This brings the total number of cases in mainland China past 74,000.

Most of the cases are in Hubei, where the virus first emerged in December before spiralling into a nationwide epidemic.

Wednesday's jump in the death count was an increase on Tuesday's figures, although the number of new cases reported in Hubei were the lowest for a week.

A study released by Chinese officials claimed most patients have mild cases of the illness.

Outside of hardest-hit Hubei, which has been effectively locked down to try to contain the virus, the number of new cases has been slowing and China's national health authority has said this is a sign the outbreak is under control.

President Xi Jinping, in a phone call with the British prime minister, said China's measures were achieving "visible progress", according to state media Tuesday.

However, the World Health Organization has cautioned that it was too early to tell if the decline would continue.

On Tuesday the director of a hospital in the central Hubei city of Wuhan became the seventh medical worker to succumb to the COVID-19 illness.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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