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Brexit Perspectives After The Rejection Of Bilateral Agreeement By British Parliament

Author

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  • Petre Prisecaru
Abstract
The Brexit Agreement had two parts, the first one covering the UK bill, citizens' rights (Europeans and British) and the situation of the Irish border, the second one is the political declaration on future relations between EU and UK. It was rejected by a large majority of the British parliament, who subsequently gave a confidence vote to May government, but rejecting the agreement brings the option of a Brexit without agreement or holding a second referendum or concluding of another agreement approved by the Parliament. However, EU seems not willing to accept the extension of negotiations and transition period or renegotiating another agreement, leaving it the task entirely to the British Parliament, where Prime Minister Theresa May’s job is very difficult because of the conditions asked by opposition political parties. Most MPs do not want a Brexit without agreement which would have negative economic and social effects, but extending the Brexit negotiations beyond March, 29 seems very difficult task to achieve. Plan B which will be soon presented by Prime Minister Theresa May is the touchstone for a reasonable Brexit.

Suggested Citation

  • Petre Prisecaru, 2019. "Brexit Perspectives After The Rejection Of Bilateral Agreeement By British Parliament," Euroinfo, Institute for World Economy, Romanian Academy, vol. 3(1), pages 3-11, January.
    • Handle: RePEc:iem:eurinf:v:3:y:2019:i:1:p:3-11
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    File URL: http://www.iem.ro/rem/index.php/euroinfo/article/view/684/765
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    More about this item

    Keywords

    Brexit agreement; parliament; government; negotiations; transition; conditions; task;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F22 - International Economics - - International Factor Movements and International Business - - - International Migration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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