INSUBCONTINENT EXCLUSIVE:
LONDON: Lawmakers rejected Prime Minister Theresa May's Brexit deal for a third time on Friday, sounding its probable death knell and
leaving Britain's withdrawal from the European Union in turmoil on the very day it was supposed to quit the bloc.
The decision to reject a
stripped-down version of May's divorce deal has left it totally unclear how, when or even whether Britain will leave the EU, and plunges the
three-year Brexit crisis to a deeper level of uncertainty.
"I fear we are reaching the limits of this process in this House," May told
parliament after the defeat
"The implications of the House’s decision are grave."
Within minutes of the vote, European Council President and summit chair Donald Tusk
said EU leaders would meet on April 10 to discuss Britain's departure from the bloc.
A succession of European leaders said there was a very
real chance Britain would now leave without a deal, a scenario that businesses fear would cause chaos for the world's fifth-biggest
economy.
May had framed the vote as the last opportunity to ensure Britain actually left the EU, making a passionate plea to lawmakers to
put aside party differences and strongly-held beliefs.
But in a special sitting of parliament, they voted 344-286 against the EU Withdrawal
Agreement, agreed after two years of tortuous negotiations with the bloc.
"The legal default now is that the United Kingdom is due to leave
the European Union on April 12," May said.
She cautioned that any further delay to Brexit would probably be a long one beyond the current
deadline, and would mean Britain holding elections to the European Parliament.
The British pound, which has been buoyed in recent weeks by
hopes that the likelihood of an abrupt 'no-deal' Brexit is receding, fell half a percent after May lost, to as low as $1.2977, but then
recovered most of its losses.
"If the deadline is extended longer, we will re-engage with sterling because that will be the start of the
slow death of Brexit," said Salman Ahmed, global investment strategist at Lombard Odier Investment Managers.
THIRD FAILUREIt was a third
failure for May, who had offered on Wednesday to resign if the deal passed, in a bid to win over eurosceptic rebels in her Conservative
Party who support a more decisive break with the EU than the divorce her deal offers.
The vote leaves her Brexit strategy in tatters
With no majority in parliament for any Brexit option so far, it is unclear what May will now do
Options include asking the EU for a long delay, parliament forcing an election, or a "no-deal" exit.
May's spokesman said she would press on
with talks with opponents of the deal.
Britain now has under two weeks to convince the 27 capitals of the EU that it has an alternative path
out of the impasse, or see itself cast out of the bloc on April 12 with no deal on post-Brexit ties with its largest trading ally.
French
President Emmanuel Macron, speaking as parliament voted, said the EU needed to accelerate no-deal planning and Austrian Chancellor Sebastian
Kurz said that unless Britain came up with a plan, there would be a "hard" Brexit.
"One of the two routes to an orderly Brexit seems now to
be closed," Dutch Prime Minister Mark Rutte told reporters
"This leaves only the other route, which is for the British to make clear what they want before April 12."
"The risk of a no-deal Brexit is
very real," he said.
May's deal had twice been rejected by huge margins this year and, although she was able to win over many Conservative
rebels, a hard core of eurosceptics, who see "no-deal" as the best option, and the Northern Irish Democratic Unionist Party, which props up
her minority government, refused to back it.
ANOTHER ELECTIONOn Monday, lawmakers who have tried to grab control of the process will attempt
to agree on an alternative Brexit plan that could command majority cross-party support in parliament
The options that have so far gathered most support involve closer ties to the EU, and a second referendum.
A first attempt at non-binding
"indicative votes" on Wednesday failed to produce a majority for any of the eight options on offer.
Many lawmakers believe the only way to
solve the crisis will be a snap election - even though it would throw up a host of unknowns for the major parties.
"The last thing this
country needs right now is a general election," transport minister Chris Grayling told Sky News
"We've actually got to sort out the Brexit process, we can't throw everything up in the air."
The 2016 referendum vote to leave the EU
revealed a United Kingdom divided over many more issues, and has provoked impassioned debate about everything from secession and immigration
to capitalism, empire and what it means to be British.
Hundreds of thousands of Britons marched through London last Saturday demanding a
second referendum, while on Friday thousands of angry Brexit supporters protested in the capital.
"What should have been a celebration is in
fact a day of betrayal," Nigel Farage, a leading Brexit campaigner, told Reuters.
The uncertainty around Brexit, the United Kingdom's most
significant political and economic move since World War Two, has left allies and investors aghast.
Opponents fear Brexit will make Britain
poorer and divide the West as it grapples with both the unconventional U.S
presidency of Donald Trump and growing assertiveness from Russia and China.
Supporters say that, while the divorce might bring some
short-term instability, in the longer term it will allow the United Kingdom to thrive if cut free from what they cast as a doomed attempt to
