Forex

UK’s House Of Commons To Vote On The Withdrawal Agreement Bill Today

Following the Letwin amendment that passed in the UK’s House of Commons on Saturday, October 19th, 2019, Prime Minister Boris Johnson was reported to have pushed the meaningful vote on Monday once again, with the speaker, Mr. John Bercow, having denied the vote. According to the sources, PM Johnson has now crafted a Withdrawal Agreement Bill (WB) that tests the voting members of the Parliament on their consensus regarding the general principles of the withdrawing bill. The members have been finally announced to vote on the withdrawal bill at 19:00 GMT +1 on Tuesday, October 22nd, 2019.

The bill was published by Johnson administration on Monday at around 20:00 GMT +1 with an immediate backlash from the members of the Parliament for not having enough time to scrutinize it before deciding on their vote.

PM Johnson Is Relentless In His Attempts To Deliver Brexit By The Deadline

Nonetheless, provided that the Prime Minister manages to get the majority vote in favor of the Withdrawal Bill, the Brexit deal could be realized in principle. Owing to the previous statements given by the MPs and the results of the previous voting, financial experts have highlighted that the probability of WB’s approval in the UK’s Parliament still holds. While the withdrawal bill may have sufficient support in the Parliament, what’s important is the MPs’ approval for the timeline that Mr. Johnson has presented to implement the deal.

In an event that voting on the withdrawal bill that is otherwise being called the Second Reading vote, doesn’t go in favor of the Prime Minister, he would still be able to deliver on his promise of finalizing a deal with the EU, however, the timeline will most certainly have to be changed. If the House of Commons gave its blessing to the withdrawal bill, it will then have to be presented in the upper chamber of the Parliament. The United Kingdom can only leave the European Union by the current deadline of October 31st, 2019 once the approval for the deal is received from the House of Lords. As evident, all of this is to be concurred by PM Johnson in the next 10 days.

PM Johnson Blames The Parliament For Standing In The Way Of Brexit

While the Prime Minister was pushed by the Parliament to send a letter to the EU and ask for a three-month extension on Brexit, he has been active in reiterating his public narrative that neither him, nor the public, and not even the EU leaders are in favor of delaying Brexit any further. It is only the Parliament that continues to stifle the process.

If the Brexit is delayed, Mr. Johnson has remarked, and elections are called, he intends to run his campaign with a slogan of “Get Brexit done”.

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