Brexit Deadlocked, British Parliament Stumbles To Find An Option

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The U.K. was not close to fixing the chaos surrounding its exit from the EU (European Union) following parliament failed in recent time to come across a majority of its own for any choice to Theresa May’s—Prime Minister of the U.K.—divorce deal. Following a turbulent week, in which May’s divorce tactic was rejected by policymakers for a third time, in spite of her offer to leave if it is passed, the prospect direction of Brexit stays mired in confusion. In a proposal to break the stalemate, policymakers’ casted vote on four last-minute choice Brexit options for what is the UK’s most extensive policy change from World War II, all were defeated.

The alternative that came close to get a majority was a bid to keep the U.K. in customs unification with the EU, which was overcome by three votes. An offer to hold a positive referendum regarding any deal received the most votes but was conquered by 292–280. The administration is firmly divergent to both of these: firstly, since it will mean giving up the liberty to make independent trade contracts that many of her eurosceptic policymakers long for; secondly, since May states it will betray the voters who were assured that the outcome of the 2016 referendum will be executed and potentially resolve nothing.

Speaking of the Brexit deal, recently, BCC (British Chambers of Commerce) warned that outlook for the U.K. business darkened fast in advance of Brexit. Worsening finances and fading exports has encouraged a darker outlook for British firms in the last month, impacted by a slowing global financial system and political confusion around Brexit, a poll showed. The BCC’s Quarterly Economic Survey demonstrated a familiar image of weak investment in advance of Britain’s exit from the EU, across the services and manufacturing sectors.

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