Newsdeck: May Buys off Tory Remainer Rebels With Option to Delay Brexit By Bloomberg
Theresa May bought off Remainer rebels in her ministerial team with the promise of votes to rule out a no-deal Brexit and delay the U.K.’s exit from the European Union.Addressing lawmakers in Parliament on Tuesday, the premier said she’ll continue attempts to reach a deal in Brussels so the U.K. can leave as planned March 29. But if that isn’t possible, Britain won’t lurch out of the bloc without Parliament’s agreement, she said. The pound surged.
There’s also a chance her gamble could encourage pro-Brexit politicians to get behind her unpopular exit agreement. With Labour now backing a second referendum, and May opening the door to a delay, the prospect of losing Brexit altogether could convince at least some of euroskeptic Tories to get on board.May promised a vote on a new Brexit deal by March 12 at the latest. If it’s rejected, there will be a vote by March 13 at the latest on whether to leave the EU with no deal.
“Common sense has prevailed, and the country’s interest has been put first,” Defense Minister Tobias Ellwood said in an interview. “But crashing out has only been temporarily avoided, and there is still much work to be done to guarantee the threat of a no-deal Brexit is removed.
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