Home Headline News WATCH: Brexit showdown in U.K. parliament as lawmakers try to block no-deal

WATCH: Brexit showdown in U.K. parliament as lawmakers try to block no-deal

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UK MPs have launched an emergency debate on measures to prevent a no-deal Brexit. The debate is set to last up to three hours and end in a vote on legislation to block the UK from leaving the EU without obtaining a divorce deal.

Prime Minister Boris Johnson went on Commons floor to make his case in favor of taking the UK out of the EU on October 31 at any cost.

The tension in parliament between lawmakers and the PM could ultimately lead to a snap election.

The bill, tabled by Labour’s Hilary Benn, chair of the Exiting the European Union Select Committee, could cause a significant blow to Johnson, who has repeatedly promised to take Britain out of the EU, with or without a deal, by October 31.

The new law calls for the prime minister to obtain an extension to Article 50 from the EU that runs to “11pm on 31 January 2020.”

Johnson has called the bill an attempt to “chop the legs from under” his government. A number of high-profile cabinet ministers, including Michael Gove and Gavin Williamson, have suggested that the government may ignore any new law that further delays Brexit.

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S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.