News -

Latest Brexit Motion Rejected

The House of Commons votes against May’s amendments

On the 14th February, the House of Commons voted against the latest amendments to the Brexit deal. This vote, although merely symbolic, sends a message that there is still a lack of agreement on the way forward following the rejection of the original Brexit deal on the 15th January. Many argue that this defeat is bringing the UK closer to a no-deal exit.

The UK’s Approach

The British Prime Minister has been working with EU leaders in order to address the controversial clauses within the Brexit agreement, mainly that of the backstop guarantee for Irish borders. Upon voting on the original withdrawal agreement, this clause caused significant commotion, where Pro-Brexit MPs argued for it to be completely taken out of the agreement. However, the issue at hand is that EU leaders are unwilling to change the text of the agreement. Theresa May has, hence, been trying to mediate between the EU and the House of Commons to change their stance on such an issue and finally reach a settlement.

The way forward

The House of Commons have another important vote in two weeks’ time, where they will be discussing and making decisions on the outstanding issues. This vote has significant importance as MPs will be arguing for the extension of the 29th March deadline as well as the issue of a no-deal Brexit.

Despite the fact that the UK is already facing economic troubles as a result of the uncertainty of the way forward, the biggest threat to its economy will be in the case of a no-deal Brexit. Hence, many are pushing towards it being taken off the table in the case that the 29th March deadline is not met. Chetcuti Cauchi have recorded numerous webinars in order to prepare businesses on the way forward in a post-brexit world, particularly for those involved in advanced manufacturing, aviation, pharma, insurance as well as banking. This will address any queries on how to maintain relations with the rest of Europe, regardless of the Brexit agreement reached. 

Related links

Topics

  • Law

Categories

  • brexit vote rejected
  • brexit vote defeat
  • eu
  • malta brexit solution
  • brexit vote
  • brexit

Contacts

Related content

  • 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.

  • 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.

  • A Vote on a Brexit Delay

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

  • 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.

  • New Brexit Bill Announced

    The new Brexit bill announced by Theresa May on Tuesday would be put to a vote in June despite already receiving criticism.

  • 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.

  • 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, 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.