Brexit vote delay amid fears of deal being rejected 'by large margin'

Sterling continues to plummet

Anna Fedorova
clock • 3 min read

Prime Minister Theresa May has told MPs that the crucial vote on her proposed Brexit deal, originally set to take place on Tuesday evening, has been postponed.

In a statement this afternoon (10 December), the Prime Minister confirmed plans to call off Tuesday's vote to allow time for a better deal to be made with Brussels. May said: "It is clear that although there is great support for many aspects of the deal, there remains widespread and deep concern on the Northern Ireland border backstop." As a result, she admitted that if the vote were to go ahead tomorrow, the deal would be "rejected by a large margin". "We will therefore defer the vote scheduled for tomorrow and not divide Parliament at this time," the PM said. Addressing the di...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read
Bank of England halts interest rate cuts amid ongoing inflation

Bank of England halts interest rate cuts amid ongoing inflation

As priced in by markets

Sorin Dojan
clock 20 March 2025 • 2 min read