Published: Sat, March 16, 2019
Worldwide | By Isabel Fisher

The pound climbs 1.7% this week as no-deal Brexit voted down

The pound climbs 1.7% this week as no-deal Brexit voted down

Then, on Thursday, the Commons voted by 413 to 202 to seek an extension to Article 50 - the legal mechanism by which the United Kingdom is due to leave the EU.

MPs James Heappey and Dr Liam Fox voted against delaying Article 50 - which says the United Kingdom will leave the European Union on March 29.

The party's MPs had been told to abstain, but a total of 24 backed the call to delay Brexit in order to hold a second referendum, with 17 opposing it.

Weston-super-Mare MP John Penrose voted in favour of the extension while the Wells and North Somerset representatives both opted against it.

"On Thursday they voted to extend Article 50 and stop Brexit forever, but were defeated".

HuffPost UK understands all of the frontbenchers, who all represent strongly pro-Leave constituencies, were told to quit after they were warned they faced the sack for going against the party line.

Yesterday, more than half of Tory MPs - including seven Cabinet ministers, at least 33 other ministers and whips and five party vice-chairs - voted against Theresa May's motion to put back the date of the UK's exit from the EU.

Article 50 was triggered on March 29, 2017 with the United Kingdom scheduled to leave at 11pm United Kingdom time later March 29, 2019.

The Unionists rejected Mrs May's Brexit deal this week over continued legal wrangling about the Irish backstop.

The Brexit deadline is legally binding and can not be extended without the agreement of all other 27 European Union countries.

If the other European Union countries agree, Theresa May will have until June 30 to get a Brexit deal through Parliament.

Using a threat of a lengthy extension to Article 50, she has made clear that her negotiated divorce deal is still on the table and seeks to push rebel lawmakers into supporting it, despite having had it rejected twice - in January by a historic margin, and again earlier this week, on Tuesday. According to the Washington Post, Corbyn's spokesman states that Prime Minister Theresa May is "recklessly running down the clock" forcing "MPs to choose between her botched deal and a disastrous no-deal".

If the vote is successful then she can ask for a "short technical extension" to Article 50.

After Britain voted to leave in 2016, European negotiators stuck firmly to a two-stage approach, refusing to discuss anything about future trading ties until London settled its financial obligations, agreed mutually acceptable rules for expatriate citizens, and found a way to avoid trouble on the EU's only land border with the United Kingdom - with the British province of Northern Ireland.

But Parliament could also express its views on alternative options including another General Election, a vote of no confidence or another referendum.

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