The best regulated crypto exchange
Find out why?

BREXIT LIVE: Johnson loses crucial vote on Brexit timetable

By Ramla Soni

But he secures rare victory on second reading of bill

Boris Johnson has lost a vote on his three-day timetable to get the 115-page Brexit Bill through Parliament. MPs voted against it by 322 to 308: a majority of 14.

Johnson immediately confirmed he will set aside the bill that would implement his deal after his proposal to fast-track it through parliament was rejected.

The Labour leader Jeremy Corbyn said the Commons has refused to be “bounced” into passing the prime minister’s deal and offered to work with the Government to agree a new timetable.

Earlier, however, MPs had granted Johnson a rare victory in passing the second reading of the bill. They voted by 329 votes to 299: a majority of 30.

Johnson told the Commons: “Can I say in response how welcome it is, even joyful that for the first time in this long saga, this House has actually accepted its responsibilities together, come together, and embraced a deal?”

The Withdrawal Agreement Bill was published on Monday 21 October.

The pound was flat at $1.2946 in London afternoon trading. Foreign exchange markets are now pricing in Britain either leaving with a deal or a further delay to Brexit, or possibly both.

The FTSE 250 gave up 0.6 per cent after European Commission President Jean-Claude Juncker said the European Parliament could only clear the Brexit deal once British MPs had approved it.

Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.

Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image