Up to £800bn in assets leave United Kingdom on Brexit fears

Gina Miller

A cross-party amendment laid down by backbench Labour MP Yvette Cooper and supported by the opposition frontbench has passed by 303 to 296 votes, representing another major government defeat on Brexit.

Her proposal aims to restrict the government's freedom to use the Finance Bill to make tax changes linked to a no deal Brexit without the "explicit consent" of Parliament.

The Labour leader said ministers were "fooling nobody" with preparations for no-deal, and said Mrs May would not be allowed to run down the clock to secure support for her Brexit deal.

And DUP deputy leader Nigel Dodds said on Sunday that "fundamental problems" remain in the deal, and "the backstop remains the poison which makes any vote for the Withdrawal Agreement so toxic".

He added that if that occurred we should demand legal assurances and "some sort of undertaking on a free trade deal", saying: "This will get very, very sticky, very close to the end, that is what will happen".

But as the expectation persists that MPs will reject the May Brexit Plan next week, Whitehall sources admitted senior ministers were as much in the dark about any Plan B as the public was. It faces a vote on 15 January.

Britain's divorce deal with Brussels is the only deal on the table and can not be renegotiated, an EU Commission spokesperson said Monday.

With a raft of other legislation still needing to be approved before Brexit day, that signals further difficulties for the government if it pursues a no-deal exit.

'However, it is the duty of a responsible Government to continue to prepare for all eventualities and contingencies, including a possible no deal.

He added: "Bear in mind, a lot of the opposition to the Withdrawal Agreement and the backstop might be based on suppositions and misunderstandings about our intent as a European Union".

She consulted with European leaders in the days that followed, but it wasn't clear she gained any new commitments from them.

"Leaving without a deal would make continued investment in United Kingdom manufacturing a real challenge for global firms, when they have plants in other European locations".

May survived a confidence vote in her own Conservative party over the agreement in December, but her Brexit-backing MPs are still in open revolt.

European Union budget commissioner Gunther Oettinger said that without this, "we would be short a figure in the billions of euros for the rest of the year and a higher figure for 2020".

Effectively this constrains the government's ability to act to keep its taxation system working smoothly if it pursues a no-deal Brexit against the wishes of a majority in parliament.

Addressing opponents on both the Remain and Brexiteer wings of parliament, she said: "There are some in parliament who, despite voting in favour of holding the referendum, voting in favour of triggering Article 50 and standing on manifestos committed to delivering Brexit, now want to stop us leaving by holding another referendum".

Pressed on whether there would be new assurances, Ms Loiseau said: "These are political assurances".

London and Brussels are also understood to be in talks about an exchange of letters setting the end of 2021 as the target for a trade deal, meaning the backstop would be limited to just one year.

Twenty Conservative MPs rebelled against the government, including former cabinet ministers Michael Fallon, Justine Greening, Dominic Grieve, Ken Clarke and Oliver Letwin.

"Nobody should be underestimating at this stage how likely a no deal exit could be", he said.

Related news:

Hot News

isis-killer-beheading-video-story-top Bohemian Rhapsody Wins Big At Golden Globes Plus All The Other Winners
Jan 08, 2019 - 01:17
DeMille Award for his lifetime of work in such films as "The Last Picture Show", "Starman", "The Big Lebowski" and "True Grit". Rami Malek , who played Mercury, also trumped A Star is Born's Bradley Cooper for best actor in a drama.

isis-killer-beheading-video-story-top Who is Liverpool youngster Ki-Jana Hoever?
Jan 08, 2019 - 01:17
Hoever became the third-youngest Liverpool player in history when he was summoned, behind the long-departed Jerome Sinclair and Jack Robinson.

isis-killer-beheading-video-story-top Paul Pogba could miss Manchester United's FA Cup tie with Reading
Jan 05, 2019 - 00:32
Solskjaer is focusing on FA Cup progress against Reading , who are second from bottom of the Championship. So, Lukaku could get the nod to start in the center forward position.

isis-killer-beheading-video-story-top Dow Jones drops 660 points after Apple forecast adjustment
Jan 05, 2019 - 00:20
Others advised Cook to stop pointing the finger at China, and instead fix the flaws in Apple services and work on new products. But Cook specifically said he "would not put China in that category" of countries with troubled growth.

isis-killer-beheading-video-story-top China lunar probe sheds light on 'dark' side of the moon
Jan 04, 2019 - 05:23
In the States, NASA has announced its own plans to land astronauts on the moon and eventually colonize Mars in the coming decades. The China National Space Administration agency launched Chang'e-4 in December from its center in Xichang, southwest China .

isis-killer-beheading-video-story-top Apple blames revenue slump on slowing Chinese economy as iPhone sales slow
Jan 04, 2019 - 05:20
In the letter , Cook says people are replacing batteries more than they are buying iPhones . That figure is 4.8% below the $88.3 billion revenue in the same quarter a year earlier.

isis-killer-beheading-video-story-top Spurs back up to second after easy win in Cardiff
Jan 03, 2019 - 00:59
Spurs have won their last five Premier League games on New Year's Day to suggest a return to winning ways is likely. Kane, who scored Tottenham's only goal in a 3-1 loss to Wolves, has netted 15 times in his last 11 away games.

isis-killer-beheading-video-story-top Netflix's 'Bird Box' Inspired Some Really Gay Memes
Jan 03, 2019 - 00:53
Here are some of the funniest (and gayest!) memes inspired by the movie. "The only Bird Box challenge that should exist", she wrote.

isis-killer-beheading-video-story-top 'Stranger Things' 3 Announces Premiere Date With Revealing Poster
Jan 02, 2019 - 01:15
Which means a whole lot of Americans are going to skip their annual fireworks and Brit-bashing to marathon the new series. And a trailer accompanied the new animated poster taking us right back to New Year's Eve 1985 in Times Square.

isis-killer-beheading-video-story-top Roger Federer Differentiates Men and Women in Tennis
Jan 02, 2019 - 01:09
As a result of the win, Switzerland progress through to the final on Saturday, while the U.S. will next take on Great Britain. A flustered Bencic slammed her racket on the court as the match leveled and she never seriously threatened in the decider.

isis-killer-beheading-video-story-top Elizabeth Warren Launches Exploratory Bid For President In 2020
Jan 01, 2019 - 00:47
Warren grew up in the Central Plains state of Oklahoma, in a family she said lived "on the ragged edge of the middle class". Warren's entrance into the contest to try and challenge President Trump in 2020 is a development he's likely to relish.

isis-killer-beheading-video-story-top Ole Gunnar Solskjaer reprimands Manchester United superstar for arriving late for training
Dec 31, 2018 - 02:09
Only the post then denied Pogba a first ever hat-trick when his low strike from the edge of the box came off the woodwork. One of the requests that Solskjaer made to his players is that they should improve in possession.

isis-killer-beheading-video-story-top Ole Gunnar Solskjaer Invites Sir Alex Ferguson To Man United Training
Dec 31, 2018 - 02:07
David Brooks floated a ball into the United box and Ake jumped highest to bury a header past David de Gea . That's how we want to play, we want to attack and that's what we try to do on the pitch.

isis-killer-beheading-video-story-top How many true freshmen started the Belk Bowl for SC ?
Dec 30, 2018 - 00:08
Virginia has forced their opponents into committing 19 turnovers on the season and now has a turnover margin of +1. That's part of the reason the Gamecocks are 7-5 heading into Saturday's Belk Bowl against Virginia .

isis-killer-beheading-video-story-top Miley Cyrus Shares Stunning Wedding Photos With Liam Hemsworth
Dec 29, 2018 - 01:07
In one of three black and white images posted to Instagram , Cyrus wrote "this is probably our one-millionth kiss". They broke things off the next year but got back together in 2015.