May 24, 2019
Latest News
European Union

British lawmakers set to vote on no-deal Brexit

London, Mar 13 (efe-epa).- British lawmakers are expected to vote Wednesday against leaving the European Union without agreeing terms for Britain's withdrawal, a decision likely to delay the country's planned departure later this month, said a Dow Jones Newswires report supplied to EFE.

The UK Parliament is due to vote later Wednesday on a government motion opposing a so-called "no-deal" exit on Mar. 29, the date that Britain is due to separate from the EU.

The vote seeks to avoid the severe disruptions that a disorderly exit from the EU would cause to the British economy.

The possibility of a disorderly split grew after British Prime Minister Theresa May failed to secure parliamentary approval Tuesday on a bill that would lay out essential economic and judicial terms for an orderly separation from the UK's biggest trading partner.

Following Tuesday's resounding loss, May promised to allow lawmakers to vote on a motion that would take a no-deal separation off the table. Lawmakers are also expected to consider an amendment that would rule out a no-deal exit at any time.

However, May's motion would not entirely eliminate such an eventuality. It would instead postpone it for a few months, creating, in the view of her critics, more uncertainty for business.

Meanwhile, emphasizing that the prospect of a no-deal exit remains on the table, the government unveiled the tariffs the UK would apply temporarily to all imported goods in case of a sudden break from the EU.

In a proposal aimed at easing the pain for consumers, the UK trade ministry on Wednesday said it would eliminate tariffs on almost 90 percent of goods imported into the UK by value. But it also proposed tariffs protecting sensitive British industries, including car and ceramics manufacturers and meat producers. Some textile imports would also face tariffs.

Currently, all goods from the EU enter the UK tariff-free, while goods from outside the EU carry a range of tariffs determined by the bloc.

The UK also said that in a no-deal scenario, it would not impose any checks or duties on goods imported into Northern Ireland, part of the UK, over the politically sensitive border from the Republic of Ireland, an EU member state.

Treasury chief Philip Hammond, a close ally of May, highlighted the potential economic benefits of a smooth and orderly exit in a regular budget update to Parliament on Wednesday, saying the UK would experience a "deal dividend" that would spur growth and boost tax receipts.

"Last night's vote leaves a cloud of uncertainty hanging over our economy. And our most urgent task in this House is to lift that uncertainty," he said.

The official forecast for growth in 2019 was cut to 1.2 percent, from 1.6 percent in November, reflecting uncertainty over Brexit and a weaker outlook globally, added the Dow Jones report.

If lawmakers rule out a disorderly divorce, as expected, they will then vote Thursday on a further proposal to delay Britain's scheduled exit date beyond Mar. 29. That will require the unanimous approval of the other 27 EU governments.

Other member states are likely to agree to an extension during a summit in Brussels that starts next Thursday. However, it isn't clear what length of extension they would prefer and whether conditions would be imposed.

May backs a short delay, perhaps only until late May, to keep the pressure on lawmakers in her own Conservative Party and salvage her painstakingly negotiated divorce bill. In such a case, the country could confront a fresh no-deal scenario at the end of the extension.

May's pro-EU political opponents, meantime, seek a longer delay. That could allow Parliament to force her into negotiating much closer ties to the bloc than the government wants, or provide the opportunity for a second referendum over the deal.

Lawmakers' procrastination is creating growing frustration among voters and businesses. "It's time for Parliament to stop this circus," Carolyn Fairbairn, director-general of the Confederation of British Industry, an employers' group, said Tuesday.

By Jason Douglas and Stephen Fidler

News history
Hamilton quickest at Monaco as F1 remembers Lauda at free practice sessions

Monaco, May 23 (efe-epa).- Defending world champion Lewis Hamilton set the fastest time around the street circuit of Monte Carlo's capital during both the...

FAA's acting chief won't predict when Boeing 737 MAX will return to flight

By Andy Pasztor

Holland heads into European elections with 2 far-right parties in the running

By Imane Rachidi

India's antitrust watchdog surveys e-commerce firms including Amazon, Walmart

New Delhi, May 22 (efe-epa).- India's antitrust watchdog is assessing the domestic e-commerce sector, a step that could have consequences for

Ryanair: This year's profit to be dented by Boeing 737 MAX grounding

By Robert Wall

5 countries to watch out for in the run-up to European Parliament elections

By Lara Malvesi

Uber's stock tumbles further

By Maureen Farrell, Corrie Driebusch and Justin Baer

Saudi oil tankers attacked before entering Persian Gulf

Dubai, May 13 (efe-epa).- Two Saudi Arabian oil tankers suffered significant damage in an attack over the weekend near the Strait of Hormuz, the kingdom's...

Report: Co-founder backs Facebook breakup

New York (USA), May 10 (efe-epa).- Chris Hughes, who helped Mark Zuckerberg create the company that eventually became Facebook, is calling for the...

Uber is the largest new US listing since 2014, valuation at $82 billion

By Corrie Driebusch and Maureen Farrell

Barcelona's 4-0 loss at Liverpool poses serious questions

Barcelona, May 8 (efe-epa).- Barcelona’s stinging 4-0 defeat at Liverpool’s Anfield stadium has ended the Catalan powerhouse’s dream of another Champions...

Hackers steal more than $40 million of Bitcoin from cryptocurrency exchange

Shanghai (China), May 8 (efe-epa).- Binance, one of the world's largest cryptocurrency exchanges, said hackers stole more than $40 million worth of bitcoin...

Stocks continue to fall as uncertainty over trade talks persists

New York (USA), May 8 (efe-epa).- Global stocks continued to tumble on Wednesday as a familiar worry threatens to end the unwavering rally that has defined...

Facebook's opportunity in groups

By Laura Forman

Shares of pork producer WH Group pounded

By Steven Russolillo and Lucy Craymer

Bombardier consolidated aviation units, to divest from N. Ireland, Morocco

Montreal, Canada, May 2 (efe-epa).- Aircraft and railway train manufacturing company Bombardier Inc. said it would consolidate its aerospace assets into a...

France set to introduce safety measures to protect heritage after Notre-Dame

Paris, May 2 (efe-epa).- France looks set to reinforce security measures at its cathedrals and other national monuments when repair and refurbishment works...

Puzzle: Why certain safety features on Boeing 737 MAX jets were turned off

By Andy Pasztor

Bottas wary of Azerbaijan F1 circuit's unpredictability, Raikkonen loses P8

Baku, Apr 28 (efe-epa).- Mercedes driver Valtteri Bottas, who best took advantage of the conditions while qualifying for the Azerbaijan Formula One Grand...

Ferrari fastest in Azerbaijan F1 GP practice, Leclerc leading teammate Vettel

Baku, Apr 27 (efe-epa).- The final practice session before the season’s fourth Formula One Grand Prix race in Azerbaijan was dominated on Saturday by...

UK's opposition leader, Speaker to snub President Trump with dinner refusals

London, Apr 27 (efe-epa).- The leader of the United Kingdom’s opposition party and the speaker of parliament have both said they will snub the president of...

Azerbaijan GP marred as Williams hits drain cover, Ferrari's Leclerc fastest

Baku, Apr 26 (efe-epa).- Practice ahead of Formula One's fourth race of the season in Azerbaijan was marred by a manhole cover from street drains that came...

Lyra McKee funeral in Belfast

Dublin, Apr 25 (efe-epa).- A United Kingdom-based crime-fighting charity has on Thursday offered a reward of 10,000 pounds ($12,900) to anyone who provides...

Ex-Barcelona president Rosell absolved as money laundering case collapses

Madrid, Apr 24 (efe-epa).- Spain’s National Court has Wednesday cleared the former Barcelona soccer club president Sandro Rosell of money laundering after...

I agree Welcome to We use cookies to improve your online experience. Find out more.