Audio By Carbonatix
British lawmakers are expected later on Thursday to approve legislation which will allow the country to leave the European Union on Jan. 31 with an exit deal, ending more than three years of wrangling over the terms of the unprecedented divorce.
At around 1700 GMT, Prime Minister Boris Johnson will turn the page on one of Britain’s deepest political crises in decades when parliament’s lower house votes to approve legislation that will implement an exit deal agreed with the EU last year.
“Securing the passage of the legislation in the Commons will be a significant positive step,” Johnson’s spokesman said.
The legislation will then head to parliament’s upper chamber and is expected to become law in the coming weeks, leaving enough time to allow Britain to leave on Jan. 31 with a deal to minimize economic disruption.
In recent years, financial markets have been captivated by the twists and turns of Britain’s Brexit drama, characterized by acrimonious negotiations in Brussels, knife-edge votes in parliament and heavy defeats for unstable governments.
But after Johnson called a snap election late last year and then won a large majority by promising to deliver Brexit at the end of January, the uncertainty over when and how Britain will leave the EU has largely abated.
The focus has instead turned to upcoming talks on long-term arrangements with the EU that will kick in when a transition period - during which Britain remains subject to EU rules - ends on Dec. 31.
Johnson is adamant that the free-trade deal he wants can be negotiated in time, but counterparts in the EU are less convinced.
On Wednesday, Johnson met European Commission President Ursula von der Leyen in London hours after she had made a speech stating it would be “basically impossible” to agree everything by the end of the year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Microsoft sued by shareholders over expenses, cloud business, AI
13 minutes -
US judge dismisses Musk’s xAI trade secret lawsuit against OpenAI
23 minutes -
Almost all of world’s children exposed to climate hazards, UN agency says
34 minutes -
Trump may release US-Iran agreement before Friday, Vance saysÂ
43 minutes -
Supreme Court to hear Trump appeal involving lengthy detention of certain immigrants
48 minutes -
Who Protects the Dreamer? Reflections on the vulnerability of the Girl Child
51 minutes -
Florida sues TikTok, claiming it violates state child safety law
58 minutes -
US Supreme Court won’t hear bid by suspended judge, 98, to keep her job
1 hour -
World Cup: Uruguay equalise late to deny Saudi Arabia in stifling Miami
1 hour -
Adamus CEO Angela List elected First Vice President of Ghana Chamber of Mines
2 hours -
Eni Ghana, Italian Development Agency sign agreement to explore joint development projects
2 hours -
GCB Bank and VISA expand collaboration to deliver smarter, customer-centric payment solutions
2 hours -
Married at First Sight Australia allegations ‘disturbing’, says country’s watchdog
4 hours -
South African jazz legend Abdullah Ibrahim dies at 91
4 hours -
Dan Evans criticises ‘lack of class’ after Queen’s wildcard decision
4 hours