British PM Johnson Faces 2 Crucial Brexit Votes in Parliament Tuesday

Xinhua News Agency  PA Images

Xinhua News Agency PA Images

The European Union will not reopen the Brexit deal it has reached with Britain if lawmakers seek to change it by amending legislation to ratify the agreement, Prime Minister Boris Johnson said on Tuesday.

As the clock ticks down to the latest October 31 deadline for Britain's departure, Brexit is hanging in the balance as a divided parliament debates when, how and even whether it should happen.

If it is passed they will then move to the committee stage when MPs can put down amendments.

Labour Party Leader Jeremy Corbyn said Tuesday that his opposition party would not support Johnson's Brexit deal or his timetable to pass the legislation for it through Parliament.

"It's not the (European) Parliament which is going to break, or try to slow or to speed a process which is in the hands of the British institutions right now", Duch said. "With great regret [if the program motion fails], the bill will have to be pulled and we will have to go forward - much as the honorable gentleman may not like it - to a general election".

Johnson needs parliament's support to trigger an early election because one is not scheduled until 2022.

The government has ruled out both of those options.

The EU could set a different length to an extension, either shorter or longer than the three-month one cited in the Benn Act.

If the vote passes, that is another hurdle cleared for pound buyers and I reckon we'll see a jump above 1.3000 targeting levels around 1.3100 to 1.3200 potentially. Tusk has recently reminded the government that a Brexit extension is still possible. Northern Ireland's Democratic Unionist Party (DUP), on which Johnson's Conservative minority government relies for votes, described this as a sellout.

The pound against the USA dollar (GBPUSD=X) was choppy in the first weekday trading session following an extraordinary session in United Kingdom parliament over the weekend that saw prime minister Boris Johnson's Brexit plans in disarray.

Juncker said Brexit had been a waste of time, and it irked him that he could not have spent more of his five-year mandate on making the bloc serve its citizens better.

Lawmakers in Britain, meeting on a Saturday for the first time in 37 years, voted to demand that Johnson delay Brexit while they further consider his newly-agreed European Union divorce agreement.

"A no-deal Brexit will never be our decision", he said to applause from lawmakers.

On Monday, Commons Speaker John Bercow rejected the government's bid to trigger a second parliamentary vote on the Brexit deal that the prime minister secured last week in Brussels.

But the PM told the Commons that he would "in no way allow months more of this" as he called on MPs to work "night and day" to scrutinise his plans and avoid a no-deal departure.

It will legislate for a transition period, where if the deal is agreed, Britain will continue to follow European Union rules until the end of 2020, while the Government tries to thrash out a free trade agreement with Brussels.

The government published the legally binding Withdrawal Agreement Bill this evening, with the second reading debate due to take place tomorrow.

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