Britain's May seeks more time from MPs for Brexit talks

News Image

By MG News | February 11, 2019 at 09:53 AM GMT+05:00

0:00

February 11, 2019: The British government is seeking to win more time to secure EU concessions on Brexit that could pass parliament and avert a chaotic split from the bloc on March 29.

Businesses and governments are on edge because Britain is just weeks away from its scheduled departure from the European project after 46 years and still has no firm arrangements in place.

The UK parliament last month roundly rejected a Brexit deal Prime Minister Theresa May had sealed with the remaining 27 EU leaders.

MPs are set to vote again on Britain's Brexit options on February 14. But a member of May's cabinet pledged Sunday to give parliament a further ballot two weeks later -- a measure meant to give the premier more time for talks with the EU.

Her meetings in Brussels on Thursday made no breakthrough and fears of a "no-deal" scenario that gridlocks trade are running high.

May's housing minister James Brokenshire insisted Sunday that the government had a clear strategy and timeline aimed at getting an agreement that Britain's splintered parliament can pass.

"What gives certainty is a deal, and that's why we want to see people getting behind us, getting behind this process that we now have," Brokenshire told the BBC.

He pledged to give parliament a fresh vote on Britain's options by February 27 if May does not come back with new concessions before then.

In the vote this week lawmakers are set to have their say on amendments that could limit May's options and give parliament a broader say over the Brexit process.

Brokenshire's promise of another vote two weeks later is designed to discourage lawmakers from binding the government's hands this week.

It is also meant to postpone a revolt by cabinet ministers who want to take a no-deal Brexit off the table for good.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 125,627.31
258.99M
1.00%
1248.25
ALLSHR 78,584.71
1,142.41M
1.16%
904.89
KSE30 38,153.79
69.25M
0.63%
238.06
KMI30 184,886.50
91.38M
0.01%
13.72
KMIALLSHR 53,763.81
554.57M
0.54%
290.61
BKTi 31,921.68
33.15M
1.78%
557.94
OGTi 27,773.98
9.65M
-0.40%
-112.21
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,700.00 107,860.00
107,555.00
-535.00
-0.49%
BRENT CRUDE 66.63 67.20
65.92
-0.17
-0.25%
RICHARDS BAY COAL MONTHLY 97.00 97.00
97.00
1.05
1.09%
ROTTERDAM COAL MONTHLY 107.65 107.65
105.85
1.25
1.17%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 64.97 65.01
64.83
-0.14
-0.22%
SUGAR #11 WORLD 16.19 16.74
16.14
-0.52
-3.11%

Chart of the Day


Latest News
June 30, 2025 at 11:55 PM GMT+05:00

TRG: Dominos Tumbling for the Management


June 30, 2025 at 10:08 PM GMT+05:00

SBP’s March FX intervention stands at $860m



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg