LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Theresa May delays crucial Brexit vote amid divisions

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Mon, Dec 10, 2018
10:40 pm
PTI
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

British Prime Minister Theresa May announced on Monday that she is delaying a crucial Parliament vote planned for Tuesday on her controversial Brexit deal, amid continuing divisions over aspects of the Withdrawal Agreement struck with the European Union (EU).

Addressing the House of Commons, she admitted that the deal looks set to be rejected by a "significant margin" due to ongoing concerns over the so-called "backstop", which many fear would keep the UK within the EU Customs Union even after Brexit.

May told MPs she would be speaking to EU leaders ahead of a summit later this week about the "clear concerns" expressed by lawmakers.

"It is the right deal for Britain. I am determined to do all I can to secure the reassurances this House requires, to get this deal over the line and deliver for the British people," she said.

"Many of the most controversial aspects of this deal including the backstop are simply inescapable facts of having a negotiated Brexit. Those members who continue to disagree need to shoulder the responsibility of advocating an alternative solution that can be delivered," she said.

Asked by Liberal Democrat leader Sir Vince Cable if EU leaders had indicated they were ready to ditch the backstop, she said: "A number of European leaders I've spoken to have indicated that they are open to discussions to find a way to provide reassurance to members of this House on that point." Opposition Labour Party leader Jeremy Corbyn attacked the British prime minister in an open Commons clash, saying she had "lost control of events" and the government was in "complete chaos" and called on her to stand down.

"This is a bad deal for Britain and a bad deal for our democracy. Our country deserves better than this. She must make way, he said.

May's deal has been agreed with the EU, but it needs to be backed by the UK Parliament if it is to become law ahead of the UK's formal exit from the union set for March 29 next year.

Making her task tougher, European Commission spokesperson Mina Andreeva stressed the EU would not renegotiate the Withdrawal Agreement.

"As (European Commossion) President Juncker said, this deal is the best and only deal possible," she said.

"We will not renegotiate our position has therefore not changed and as far as we are concerned the UK is leaving the European Union on 29 March, 2019," she said, alluding to the possibility of a feared no-deal chaotic Brexit.

Monday's House of Commons statement comes as the European Court of Justice ruled the UK could cancel Brexit without the permission of the other 27 EU members. This will raise further calls for a People's Vote, or second referendum, on Britain's membership of the economic bloc.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Vodafone Idea: Vi brings Wi-Fi calling service in Delhi | Check full list of phones

West Bengal, Assam, Kerala, Tamil Nadu and Puducherry election dates announced; polls begin on 27th March; results to be declared on 2nd May

7th Pay Commission: DA, TA, DR, salary hike—what central government employees and pensioners must know

Analysis: Hedge funds worry about market fallout from Tesla, ARK and spiking yields

Assembly polls dates declared: Check full schedule for West Bengal, Tamil Nadu, Kerala, Assam and Puducherry elections here

7th Pay Commission latest news: Big news for Central government employees - New window opened to save money

PUBG Mobile 1.3 beta update: APK download link for global version - Check all details here!

World's BIGGEST Music Reality Show! Zee brings Indian Pro Music League today with Salman Khan as brand ambassador

Bitcoin falls over 6% to lowest in two weeks

Microsoft failed to shore up defenses that could have limited SolarWinds hack - U.S. senator

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved