Published: Sat, October 19, 2019
Global News | By Blake Casey

Boris Johnson's Brexit defeat in Parliament risks financial disruption

Boris Johnson's Brexit defeat in Parliament risks financial disruption

"My aim is to ensure that Boris's deal succeeds", Mr Letwin said earlier.

"There seems to be an indication that it will be very, very close, it will come down to one, two or five people", said Joelle Grogan, a senior lecturer in United Kingdom and European Union law at Middlesex University.

European leaders are reluctant to prolong the Brexit melodrama further and have urged British lawmakers to back the deal and get it over with.

The vote however means the government will not hold a vote on its Brexit deal on Saturday as planned.

"Now is the time for this great House of Commons to come together ... as I believe people at home are hoping and expecting", Johnson told lawmakers.

But he did not get the result he sought.

As the session of Parliament opened, House of Commons Speaker John Bercow said he would first allow a vote on an amendment that puts the vote on the deal off until another day.

British Prime Minister Boris Johnson vowed to stick to an October 31 Brexit deadline, despite MPs winning more time to study a divorce deal he struck with Brussels.

If the deal passes, Johnson is expected to introduce legislation on Monday to ratify the text, which must be pushed through before the end of the month.

It would also give another chance to scrutinize - and possibly change- the departure terms while the legislation is passing through Parliament.

Many lawmakers want to rule out the possibility that Britain could crash out of the bloc without a deal on the October 31 deadline - a prospect economists say would disrupt trade and plunge the economy into recession. "I must tell the house in all candor that there is very little appetite among our friends in the European Union for this business to be protracted by one extra day", he said.

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"If what Johnson is putting to parliament today was the argument in the referendum they would have lost by a landslide", said protester Phil Canney.

"I want us to finish this off and speak about the future", French President Emmanuel Macron said on Friday. "The Oct 31 date must be respected. I don't believe new delays should be granted".

If Johnson's deal is rejected, there may also be a vote on whether to leave without a deal and also whether to hold another referendum. If the amendment is approved by parliament, Mr Johnson's deal would not then be put to a vote on Saturday. Some demonstrators with bells strapped to their legs and wielding sticks performed a traditional morris dance and chanted: "Morris, not Boris!" to cheers from onlookers.

Sarah Spoor, who cares for her two children with disabilities, choked back tears as she said she is "distraught" at the prospect of Britain leaving the EU.

The agreement replaces former PM Theresa May's derided backstop mechanism with a solution that she dismissed long ago - putting a customs border in the Irish sea, and maintaining some European Union regulations in Northern Ireland, but not in the rest of the UK.

"I'm distraught. Distraught. It's really distressing", she said, tears welling up.

The deal's fate could largely rest on a group of 21 Conservative lawmakers expelled from the party's group in Parliament earlier this year for voting against the government, and on members from the main opposition Labour Party, which has 244 lawmakers.

The so called "Super Saturday" Brexit extravaganza tops a frenetic week which saw Mr Johnson confound his opponents by clinching a new Brexit deal only to find his Northern Irish allies oppose the deal he struck.

FOX Business News' Ashley Webster reports on the current Brexit deal and British Prime Minister Margaret Thatcher's former aide Nile Gardiner discusses how Saturday's Brexit vote might impact current British Prime Minister Boris Johnson.

Northern Ireland's Democratic Unionist Party, which props up Johnson's minority government, will vote against it because of its arrangements for the British province.

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