Brexit May Not Happen if UK Parliament does not Approve Deal with EU — Hammond
Brexit may not happen if the UK parliament does not approve the withdrawal agreement between the UK and the EU, Chancellor of the Exchequer Philip Hammond told ITV channel on Wednesday, TASS reports.
"If the deal is not approved by parliament, we will have a politically chaotic situation ... In that chaos that would ensue, there may be no Brexit," Hammond said adding that "a smooth exit from the European Union, doing this in an orderly fashion, is worth tens of billions of pounds to our economy."
UK Prime Minister Theresa May will return to Brussels on Saturday to try to reach consensus on the conditions of UK's withdrawal from the EU ahead of the EU emergency summit scheduled for November 25.
On November 14, the UK cabinet of ministers approved a draft withdrawal agreement between the UK and the EU which needs to be approved at the EU summit along with the political declaration. In order for the agreement to enter into force, the deal needs to be approved by both the European Parliament and UK lawmakers.
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- Boris Johnson Tells EU that Free Trade Deal Must be Done by 15 October In that case, Britain would be ready to find sensible accommodation with the bloc on practical issues such as flights, lorry transport or scientific cooperation, according to the excerpts.
- EU Announced Diplomatic Mission In London The EU External Action shortly after the Brexit issued a statement and announced that the EU’s diplomatic mission in London will be carried out by the EU delegation led by Ambassador diplomat Joao Vale...
- UK PM Johnson Plans 'Respectful' Brexit Celebration After three years of wrangling over whether Brexit should go ahead and how best to do it, Johnson has agreed a deal with the EU that will see Britain continue to abide by the bloc’s rules until the end...
- EU Chiefs Sign Brexit Deal ahead of Parliamentary Vote Then, on Thursday next week, diplomats from the EU member states will approve the deal in writing, ensuring Britain’s orderly departure at midnight on January 31.
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