Analysts at the investment bank now believe Britain is more likely than not to delay Brexit, after United Kingdom prime minister Theresa May signalled she would let MPs vote on requesting an extension to Article 50.
Goldman Sachs analysts said in a note the chances of a no-deal Brexit were now 10%, down from 15%, while they raised the probability of an extension to Article 50 from 50% to 55%.
"If we are not successful in doing that then the vote that will take place would contain the option of Remain but it would also need to contain, in our view, a credible Leave option as well". If this does not pass, MPs would be allowed to vote on a motion in favour of or against a no-deal Brexit. But the potential of a second referendum might spook MPs in the European Reform Group and the DUP into supporting May's deal.
For a built-up area, Westminster appears to have an ample supply of long grass into which the key Brexit questions have been kicked since January 2019. One possibility is London will ask for, or be granted, only a very short technical extension of potentially a month or less.
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"We've done more to actually address the scourge of antisemitism than any other political party, and yet we are being traduced", he said in footage obtained by the Yorkshire Post. In this scenario, the European Council's summit on March 21-22 would become the most likely Brexit withdrawal endgame moment. Many Brexiteers feel the Irish backstop portion of the deal keeps the United Kingdom bound closely to European Union trade rules, unable to strike new agreements around the world. But the Labour leader said he will also continue to push for "other available options" including a general election. "Every EU referendum that has gone against the EU's integrationist agenda has been either forced to a second vote and set aside or just ignored".
A Number 10 source said the South Leicestershire MP had breached a long-standing convention that members of the administration - including parliamentary private secretaries (PPSs) - can not table amendments to Government motions.
British lawmakers' objections to the withdrawal deal have centered on the so-called "backstop" meant to ensure that the border between the U.K.'s Northern Ireland and European Union member Ireland stays open while a future trade relationship is negotiated.
John McDonnell said the party would table an amendment for a referendum when the "meaningful vote" on Theresa May's deal returns to Parliament.
If parliament agreed to a second referendum, Britain would have to ask for an extension beyond March 29 to allow enough time for a campaign, probably by withdrawing its Article 50 formal departure notification.
The change of course was welcomed by pro-EU members of Britain's divided Parliament, who sought further guarantees the government would not try to renege on May's commitment.