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Anti-Brexit Britons hit Irish pub in Brussels to watch vote

14 March 2019

So, we sit here with all the scenarios potentially on the table (in the video).

He said that "we are waiting now for a proposal coming from London".

"We were prepared to be pragmatic towards it, but now, it seems the only paths are to see a catastrophic no deal outcome, the government working across the House of Commons to find a softer version of Brexit, or reconsidering Brexit in its entirety".

The companies owned by the Templeton Global Growth Fund (ASX: TGG) in the United Kingdom, though, are mostly multinationals i.e. businesses not exclusively dependent on the United Kingdom economy.

Britain s main opposition Labour Party also came out against the agreement.

Prime Minister Theresa May suffered a second, heavy parliamentary defeat on the withdrawal deal she struck with the bloc on Tuesday, leaving open the possibility of an abrupt, economically damaging Brexit without a transition arrangement.

If the deal is rejected, lawmakers will vote on Wednesday on whether the government should pursue a no-deal exit.

Foreign Secretary Jeremy Hunt has issued a stark warning to Tory MPs they risk losing Brexit altogether if they fail to back Theresa May's deal in the crunch Commons vote on Tuesday.

Parliament rejected May's deal by 230 votes on January 15, prompting her to return to Brussels in search of changes to the so-called Irish backstop - an insurance policy to prevent the return of a hard border between Ireland and Northern Ireland.

Geoffrey Cox said changes announced late Monday "reduce the risk" Britain could be stuck inside European Union regulations indefinitely - but do not eliminate it.

Some British lawmakers warned their Brexit-backing colleagues that rejecting the deal could lead to Britain's departure being postponed indefinitely, because a delay would give momentum to opponents of Brexit.

Talks will continue in Brussels but without a major breakthrough, May looks set to lose her second attempt to get lawmaker's approval and smooth Britain's exit from the European Union, its biggest shift in trade and foreign policy in more than 40 years.

And Mr. Juncker warned Britain "there will be no new negotiations" if lawmakers rejected the deal again.

The Daily Mail says there is now speculation over how long Mrs May will remain as Prime Minister, although her aides have insisted she has not considered resigning.

Under the tariff plan for a no-deal Brexit that would last for up to 12 months 87 per cent of total imports to the United Kingdom by value would be eligible for tariff-free access, up from 80 per cent now.

Any postponement would have to be approved by the leaders of the other 27 nations, who are next meeting at a Brussel s summit on March 21 and 22 - a week before Brexit day.

With Theresa May likely to be humiliated again seeking further concessions in Strasbourg today and in tomorrow's vote, it appears city institutions have been voting with their feet, moving operations overseas.

"It's staggering that we are in this position with only days until we are due to leave".

Downing Street said Mrs May's focus now was "getting on with the work required to allow MPs to support the deal and to bring this stage of the process to an end".

Meanwhile, EU leadership has confirmed it is open to meet with United Kingdom negotiators at any time, while remaining committed to deal ratification before 29 March.

Nigel Dodds, deputy leader of the Democratic Unionist Party (DUP) that props up May's minority government, and Steve Baker, a leading figure in the large eurosceptic faction of her Conservative Party, said she was heading for defeat.

Both Britain and the European Union have ramped up planning for a no-deal Brexit, which would rip up decades of rules for travel and trade between Britain and the bloc.

Anti-Brexit Britons hit Irish pub in Brussels to watch vote