"Unforgivable Breach Of Trust": British PM On Failure To Deliver Brexit

by Garry Watts January 14, 2019, 1:13

"Should the prime minister survive and inform us that she needs more time to win round parliament to a deal, a technical extension up to July will be offered", an European Union official told the Guardian.

United Kingdom data disappointed, indicating shrinking business activity amid Brexit uncertainty.

Meanwhile, two of the biggest donors to the Leave campaign said they believed Brexit would eventually be abandoned by the Government and that the United Kingdom would stay in the EU. The monthly GDP was of 0.2%, better than the previous 0.1%.

Mr Farage made the comments after it was revealed that Remainers are plotting to overturn Parliamentary protocol in efforts to stop the United Kingdom leaving on WTO terms should Prime Minister Theresa May's Brexit deal be voted down on Tuesday - which is the most likely scenario.

From a technical point of view, the daily chart offers a bullish stance, as the pair has held throughout the week above a bullish 20 DMA, now gaining upward traction around 1.2680, as technical indicators maintain their upward slopes in positive levels, although with limited strength.

The Government also tried to pressure resistant MPs by saying their refusal to fall in line could result in Britain remaining a member of the EU.

The Sunday Times reported that senior MPs intend to try to change the rules of the House of Commons so they can wrest control of the legislative agenda from the Government.

She will also go back to the fundamentals of the referendum, observing that during the 2016 campaign, "both sides disagreed on many things, but on one thing they were united: what the British people decided, the politicians would implement".

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Speaking the day before MPs vote on her withdrawal agreement, the PM will claim that some in Westminster will use "every device available to them" to "delay or even stop Brexit".

Under British electoral law, May's Conservatives would have two weeks following a lost confidence vote to form a new government.

However, his priority is to force a national election and he said he would propose a vote of confidence in the government "soon" if May loses on Tuesday.

Mr Blackford said that revoking Article 50, which sets a deadline of 29 March for the date of departure, and holding another referendum would be the most sensible option for moving forward.

The Guardian reported that the deadline "is now regarded by Brussels as highly unlikely to be met" and the European Union is "expecting a request from London to extend article 50 in the coming weeks".

Corbyn said that if he forced an election and his party won, Brexit may have to be delayed while a new government negotiated a revised deal with the EU.

The prime minister has already postponed a House of Commons vote on her plan once - in December - to avoid defeat, and looks certain to see it rejected by MPs on Tuesday amid fierce opposition.

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