News -

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

Voting 344 to 286, the UK Parliament voted against Theresa May’s Brexit Withdrawal Agreement for the third time. With not much support from both the Labour Party and the Conservative, the deal was declined on what was meant to be the original Brexit day.

Where does Brexit go from here?

With no clear strategy in sight, the European Council President, Donald Tusk, called for an emergency EU summit on the 10th of April in the hope that the UK will attend with a clear way forward on Brexit – either a lengthy extension or a no-deal Brexit. The summit comes just two days before the extension deadline for Brexit.

From an Election to a No-Deal Brexit, the Future of Brexit Remains Unclear

All options are now back on the table, with some MPs calling for a second referendum, insinuations of a general election in the air, and the EU stating that a no-deal Brexit is now very possible. Despite this, the UK Parliament voted against a no-deal Brexit last Wednesday, along with a number of other amendments that were also rejected. As a result, Theresa May stated that the UK is now more likely to participate in the EU elections which will be held next month. This is not ideal for the EU, as concerns arise that anti-EU candidates will be elected into Parliament.

Deal or no Deal?

The deal seems to have met a dead-end, as Members of Parliament cannot decide on the border between Northern Ireland and the Republic of Ireland as well as whether to remain in a custom union with the EU. Alarm of remerging violence over the border is of major concern for individuals on both sides of the Brexit debate. Apprehension about the future of trade and commerce is also of major concern as the pound falls to its lowest in three weeks and businesses relocate to the EU to maintain passport rights and safeguard their position in the single market.

Chetcuti Cauchi Advocates, an international law firm, has set up various webinar recordings for businesses in order to determine how they should prepare for new rules and policies in part of a post-Brexit world. Click here to register to find out how Malta can be a post-Brexit solution.

Related links

Topics

  • Law

Categories

  • malta post brexit solution
  • eu
  • brexit malta
  • brexit
  • brexit withdrawal agreement

Contacts

Related content

  • A Vote on a Brexit Delay

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

  • 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.

  • 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.

  • 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.

  • 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.