Brexit: Remainer rebel mps to mount a dramatic bid to block a no deal brexit next week – The Sun


The sun has published an article reporting that remainer rebel MPs are to mount a dramatic new bid to block a No Deal Brexit next week by cutting off the Government’s money supply.

  • The fresh attempt is being led by former Tory Attorney General Dominic Grieve and ex-Labour Foreign Secretary Dame Margaret Beckett.
  • The cross-party duo have tabled amendments to routine finance legislation – dubbed estimates - that was set to be nodded through on Tuesday July 2.
  • If the plan succeeds, the new PM will be forced to either pass a withdrawal agreement with the EU through the Commons or win its permission for a No Deal exit on October 31 first.
  • If they fail, funding to a series of key Government ministries will be immediately cut off, and Whitehall will be plunged into a standstill.
  • Confirming the plan, Mr Grieve told The Sun: “The suggestion that we could or should be taken out of the EU without the consent
  • of the House of Commons is fundamentally wrong, and frankly unconstitutional.

The new plan

  • “The fact that it is being suggested as a viable option is unacceptable.
  • “The Commons should put down such markers as it can that such a course of action is acceptable.”
  • Mr Grieve added: “I encourage all MPs to support it no matter what party they’re from”.
  • Tory leadership contenders Boris Johnson  and Jeremy Hunt have both pledged to execute a No Deal exit if talks for a new  agreement  with the EU fail.
  • The move sparked fury among Brexiteers.
  • Vice chair of the Eurosceptic Tory ERG Mark Francois said: “After the European elections it is clear that the British public are utterly sick and tired of MPs playing parliamentary games to frustrate Brexit.
  • “The idea some utterly Europhile MPs are threatening to withhold school funding or benefits payments is abhorrent, and I hope and believe this amendment will be defeated.”

 

The pound will otherwise be under pressure on the notion of a hard Brexit.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

Euro rolling into the Asian session below the 1.1051 level

The Euro remains under selling pressure below the main SMAs on the four-hour chart. The market is weak and a break below 1.1028 support level could open the doors to further losses.

EUR/USD News

Cable remains bearish below 1.2900 handle

GBP/USD is correcting below the 1.2882/1.2900 resistance zone and the 50/100 SMAs. Buyers would need to overcome this area on a daily basis in order to reclaim the 1.2950 resistance.

GBP/USD News

USD/JPY: Battling to recover the 109.00 threshold

The USD/JPY pair is trading lower in range, hovering around the 109.00 level ahead of the Asian opening. The pair started the day losing some ground, the daily low was set at 108.89.

USD/JPY News

Gold rebounds from multi-month lows, trades around $1,455

After posting its largest weekly percentage drop of the year and erasing more than $50, the troy ounce of the precious metal remained under pressure on Monday with the XAU/USD pair slumping to its lowest level since early August at $1,452.

Gold News

5 Biggest Risks for FX this Week

Monday was a slow start to a busy week for the currency market. The US bond market was closed for Veteran's Day but the stock market was open allowing stocks to consolidate gains. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures