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May backs Brexit delay after Parliament vetoes no-deal divorce

Bloomberg
Bloomberg • 4 min read
May backs Brexit delay after Parliament vetoes no-deal divorce
LONDON (Mar 14): Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union, opening the door to delaying Brexit and radically re-writing the terms of the divorce. The pound climbed to its highest level since Ju
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LONDON (Mar 14): Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union, opening the door to delaying Brexit and radically re-writing the terms of the divorce. The pound climbed to its highest level since June.

On another chaotic day in London, Theresa May suffered a major rebellion from her own Conservatives, lost two big votes, saw a minister resign, and ended up warning that Brexit will be delayed for many months if there’s no agreement in the next week.

At the end of the night, the House of Commons eventually voted 321 to 278 to reject leaving the EU with no deal and is now expected to seek to postpone the UK’s departure.

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