News -

New Brexit Bill Announced

May’s Bill to be Put to a Vote in June

Just days before the UK is set to vote for European elections, Theresa May issued a new bill with the intention of satisfying the requirements of the members of Parliament. The bill comes as a final effort to save Brexit as May’s talks with Labour leader Jeremy Corbyn failed.

More Votes

May will put the bill to a vote in the first week of June at the House of Commons. With the condition that the agreement passes through Parliament, the Prime Minister promised members of Parliament the ability to make decisions regarding Britain’s custom agreements as well as make preparations to ease the backstop. May also assured them the possibility to decide whether to vote on holding a second referendum.

However, the bill has already been met with discontent from members of Parliament. As the deal depends largely on Labour votes and Corbyn seemingly unhappy with the changes, the vote does not seem likely to pass. May’s previous deals have already been put to a vote three times, but each time the withdrawal agreement was rejected. Should her bill not pass, it would not be the only defeat. The Tories are also expected to take a fall at the European elections this week, whilst the Brexit Party, led by Nigel Farage, is ahead at the polls.

New Prime Minister, New Brexit?

May’s failure to deliver Brexit has put pressure on the Prime Minister to step down, with talks of another no-confidence vote amongst Tory members. Doing so would mean that the rules of Parliament would need to be changed, as no-confidence votes must be at least 12 months apart. Following the vote in June, May said she would establish a way forward for her resignation. Should May step down as Prime Minister, it is looking likely that Boris Johnson would take her place. This could mean that a no-deal Brexit could make its way back to the UK as Johnson has stated his intentions to leave the EU with or without a deal.

The uncertainty surrounding Brexit is far from over as changes within the government itself could once again change the course of the UK’s departure from the European Union. Many corporations and organisations have been drafting back up plans in order to be prepared for Brexit. We hosted a series of webinars showcasing how Malta can be a post-Brexit solution to many different industries. Click here to view the recordings of the webinars. 

Related links

Topics

  • Law

Categories

  • malta post-brexit solution
  • brexit
  • malta brexit
  • malta eu

Contacts

Mr Steve Muscat Azzopardi

Senior Manager, Corporate and Fintech +356 22056608

Related content

Brexit is Deferred to October

Brexit has been delayed by six months, there will also be another review in June. Should a deal finally be agreed up, the UK can leave the EU beforehand.

No Clear Brexit in Sight: UK votes against the Brexit Withdrawal Agreement once again.

What’s Next for Brexit? The UK Parliament votes against Theresa May’s Brexit Withdrawal deal for the third time.

A Vote on a Brexit Delay

On Thursday 14th March, British Parliament voted heavily in favour of delaying the Brexit deadline.

Delaying the Inevitable: What’s next for Brexit?

Brexit delay now seems more likely than ever with the UK Parliament voting against a no-deal Brexit. Members of Parliament are set to vote on a possible extension.

Brexit Still in the Dark

British Parliament votes against Theresa May's latest Brexit deal. Another vote will take place on Wednesday 13th March to determine whether Britain should leave the EU with a deal or not.

Latest Brexit Motion Rejected

On the 14th February 2019, the House of Commons voted against the latest Brexit motion, proving the fundamental disagreement on the way forward post-brexit. In light of the rejection of the original withdrawal agreement, talks are being held to reach a settlement between the UK and the EU before the deadline next month.

Brexit Amendments: The Future of EU - UK relations

The UK Parliament voted to replace the Irish Backstop in an attempt to rule out a no-deal; Brexit. With the EU reportedly not up to renegotiating the original agreement, the future of Brexit remains uncertain.

Uncertainty surrounding the future of Brexit

The British Parliament has voted against Theresa May’s withdrawal agreement, leaving the country in uncertainty as to what will happen next. With a no deal still on the table, speculation is also increasing as to whether Brexit will happen at all.

Malta, an undiscovered post-Brexit solution

Although little is known about Malta as a company relocation destination after Brexit, it has potential to become an attractive spot for the UK businesses thanks to its robust economy, favourable taxation, high-skilled EU labour and UK-modelled legislation.

Malta: An Aviation Hub in Europe

Amidst EU changes, Malta-Brexit relations have seen Malta become an EU hub for aviation. Malta’s legal framework not only caters for international aviation regulations but is also investing in research and development across the sector.

Asset Management in Malta: An Ideal Jurisdiction within the EU

Malta offers asset managers an EU compliant and well-regulated jurisdiction as well as a leading financial centre. Retaining close ties with the UK, Malta has seen a number of applications to relocate to the island as part of a post-Brexit strategy.

A Financial Hub in the Mediterranean: Malta’s booming Insurance Sector

With innovative legislation and regulation compliant with the EU, Malta is an attractive jurisdiction for insurance organisations seeking to passport business across the EU as well as to maintain relations across MENA.

Malta: A Home for Banking

As a leading financial centre in Europe and one of the top banking industries in the world, Malta offers foreign investors numerous benefits and an attractive legislative framework designed for sound banking investments.

Malta and Advanced Manufacturing: An EU Centre for Smart Technology

Investing in advanced manufacturing and incentivising research and development within the field, Malta’s manufacturing industry is on the right track for sustainable growth and increased foreign investment.