EU's Michel Barnier says United Kingdom future at stake in Brexit vote

EU's Michel Barnier says United Kingdom future at stake in Brexit vote

EU's Michel Barnier says United Kingdom future at stake in Brexit vote

With the Commons vote on Mrs May's Withdrawal Agreement expected to result in it being rejected by MPs, the risk of a no-deal Brexit could increase. He said May must work with MPs to establish a way forward that they can all live with, and if not, return the issue to a national vote.

Reports have suggested that some ministers have urged May to delay the vote to try to avoid what could be a game-changing defeat.

A key sticking point for British MPs is the so-called "backstop" plan to avoid post-Brexit border checks with Ireland, with official legal advice suggesting Britain could get indefinitely stuck in a customs arrangement with the European Union, having no power to unilaterally withdraw.

"The agreement that is on the table - the withdrawal agreement and the agreement on the future relationship - are, in our view, the only and best possible to organise an orderly withdrawal", Barnier said.

"Only that compromise can bring us back together after Brexit is delivered, and we should remember the lesson of history, that divided nations are not successful nations".

Ministers admit the deal struck with Brussels last month is not ideal but say it is the only option for an orderly Brexit after four decades of membership.

May stressed in an interview with the BBC that it would be up to Britain to decide whether to trigger the backstop and that one way to ease the concerns of lawmakers would be to let Parliament make this decision.

They are likely to push for a formal vote of no confidence in the British prime minister - and with no majority and a growing list of rebels in her Conservative Party who want her gone, there is no guarantee she will win such a vote.

"And, the obvious, in terms of the United Kingdom, is for it to be parliament that makes these decisions".

"There are questions about how decisions are taken as to whether we go into the backstop, because that isn't an automatic", she said. However, the transition period could be extended for a maximum of two more years.

Alastair Jones: No it doesn't mean a no-deal post-Brexit; what may be the situation will be that if parliament decides, parliament will send Theresa May back to the European Union for further negotiations and they will give the steer on some of things that they want to be re-negotiated. But lawmakers who attended the meeting said he did not offer a solution to persuade them to back it. David Cameron will be the one who gets it in the neck for calling the Brexit referendum, losing it and then jumping ship. Another said it was: "Too little, too late". The British lawmakers will vote on this text and on the future relation in the next few days. The problem for May lies in the fact that among the ministers that left the government one can find both ardent Brexiteers and passionate Remainers, indicating that the deal satisfies nobody but the most loyal supporters of the Prime Minister in her party. This article is strictly for informational purposes only. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. It is not a solicitation to make any exchange in commodities, securities or other financial instruments.

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