UK Ministers Threaten Revolt, May Delays BREXIT Vote

UK Ministers Threaten Revolt, May Delays BREXIT Vote

UK PM Theresa May pushed back the deadline for Parliament to vote on her BREXIT deal, in a gambit she hopes will buy more time for negotiations but which risks inflaming the revolt against her.

The British PM confirmed she will not bring a new deal back to the House of Commons for a final vote this week. Instead, she is asking members of Parliament to give her more time to renegotiate, promising they will get a vote by 12 March, that is 17 days before the US is set to leave the single currency bloc, with or without a deal.

Politicians in London seem to be running out of patience with the Mrs. May as she works to renegotiate her deal in Brussels.

There are signs that a showdown in the Commons Wednesday will be the “high noon” moment when Parliament forces May to delay the 29 March exit date. That is because a growing band of politicians are worried that the UK will leave the EU with no deal if the drift is allowed to continue, with some unknown consequences for the economy.

Some UK Ministers said privately Friday they had already agreed to grant May more time 2X and weren’t prepared to do so again.

Some of Mrs. May’s team think her opponents inside the EU and within Parliament can be persuaded to back her if she runs down the clock and forces them to stare over the cliff edge at the prospect of a no-deal exit in March.

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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