What Next? UK lawmakers torn on fate of Brexit, and May

What Next? UK lawmakers torn on fate of Brexit, and May

What Next? UK lawmakers torn on fate of Brexit, and May

The EU confirmed that in a no deal Brexit scenario, it could "honour its commitments" on the EU budget and could "continue making payments in 2019 to United Kingdom beneficiaries for contracts signed and decisions made before March 30, 2019, on condition that the United Kingdom honours its obligations under the 2019 budget and that it accepts the necessary audit checks and controls".

Now a departure date of May 22 will apply if parliament rallies behind the prime minister and she is able to pass her deal.

"While the European Union continues to hope that it will not be the case, this means that if the Withdrawal Agreement is not ratified by Friday 29 March, a "no-deal" scenario may occur on 12th April", the EC said in a statement. If she fails, Britain will have until April 12 to offer a new plan or decide to leave without a treaty.

British lawmakers are set to hold a series of votes on different options for Brexit in an attempt to break the country's political deadlock.

Brexit for Dummies: What Would a No Deal Really Look Like to Average Briton?

Her bid for fresh support for her withdrawal plan has so far failed to win backing from Northern Ireland's Democratic Unionist Party, which usually provides crucial votes for May's minority government. They are likely to propose changes, or amendments, to this motion setting out alternative ways forward on Brexit.

Here are the seven amendments tabled by Monday morning which the Speaker will consider.

A week prior to Saturday's People's Vote march, a pro-Brexit group began a projected two-week march of their own from Sunderland to London. It is not yet clear whether this proposal would command the support of a majority within Parliament.

Several reports surfaced in British media over top ruling party members urging PM Theresa May to resign over her weakened political position and inability to get support on the procured deal. And there are no signs of big shifts in lawmakers' opinion.

This a process often referred to as "indicative votes".

It calls on parliament to reaffirm its commitment to honour the result of the 2016 referendum, when Britons voted to leave the EU.

Unless British lawmakers approve a withdrawal agreement to ease the country out of the bloc, European Union rules and agreements built up over 46 years of membership will cease to apply overnight, threatening havoc in nearly every domain of life. That opens an array of options including a much softer divorce than May had intended, a referendum, a revocation of the Article 50 divorce papers or even an election.

The record-breaking petition calls for Brexit to be scrapped altogether.

FOREX MARKET IMPLIED VOLATILITIES AND TRADING RANGES Prime Minister Theresa May still faces an uphill battle to get her Brexit deal passed through the House of Commons as British MPs remain opposed to supporting the Withdrawal Agreement negotiated with the EU. Some pro-Brexit Tories who have so far opposed her deal say they would support it if she promised to hand over the next stage of negotiations - when Britain and the European Union will hammer out their future relations - to a new leader.

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