One misconception is that no-deal would result in friendly talks on speedy free-trade agreements. In fact that is unlikely
s as we went to press. In hopes of being one of the final two to go through to a vote by party members, they are vying to promise the most extravagant tax and spending plans. But the immediate challenge for the winner, who will take office in late July, will be Brexit, which is due to happen three months later. And here the promises vary from instant renegotiation of Britain’s exit deal to withdrawing with no deal at all.
And here two misconceptions kick in. The first is the claim that Parliament is sure to prevent a no-deal Brexit. A majority ofs have voted against the idea. In March backbenchers even took control of the agenda to call for an extension. The speaker of the Commons, John Bercow, is willing to change the usual rules if necessary. Somehow or other, the argument goes, Westminster would stop a prime minister who is bent on leaving without a deal.
Hardline leadership candidates like Dominic Raab have suggested suspending Parliament until November to stop it interfering. The attorney-general is reported to have called this unconstitutional but not illegal. Yet most candidates have condemned it as too anti-democratic to be a serious proposal. What is more, suspension is a royal prerogative, and no serious leader would want to draw the queen into political controversy.s can do.
No-deal also has serious legal implications. Britain would become a third country. That not only implies tariffs and non-tariff barriers, but also falling out of most of the’s regulatory agencies. Membership of the Europol crime-fighting agency would lapse, as would eligibility to use the European Arrest Warrant. Replacing any of these would be time-consuming.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tory candidates are misleading people about a no-deal BrexitHardliners say it would be fine, moderates say it could be stopped. Both may be in for a nasty surprise
Read more »
Here's The Latest In The Absolute Circus That Is The Tory Leadership ContestA story about how anyone could run for prime minister and come relatively close if they put their mind to it.
Read more »
These 17 Tory Burch Bags Are Rarely on Sale, but We Found Them Majorly DiscountedWe have heart eyes for all these ToryBurch bags
Read more »
The UK wants a US trade deal — but it's not so sure about 'chlorinated chicken'The U.K. government has repeatedly denied it would accept lower food standards post-Brexit.
Read more »
Brexit supporter Johnson far ahead in contest to replace British PMBoris Johnson, who has pledged to deliver Brexit on Oct. 31, surged closer to po...
Read more »
Nelson Peltz snaps up $16 bln Brexit fixer-upperThe activist investor has taken a 6% stake in London-listed construction group Ferguson. Selling the UK unit, which has been hit by dismal growth since the country voted to leave the EU, would boost profitability. Relisting in New York could help close a valuation gap with peers.
Read more »