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U.K. Parliament Moves Closer to Stopping a No-Deal Brexit

Published 2019-01-22, 06:28 p/m
Updated 2019-01-23, 12:28 a/m
© Bloomberg. A British Union flag, also known as a Union Jack, flies beside a European Union (EU) flag during ongoing pro and anti Brexit protests outside the Houses of Parliament in London, U.K., on Tuesday, Jan. 22, 2019. The U.K.’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Photographer: Luke MacGregor/Bloomberg

© Bloomberg. A British Union flag, also known as a Union Jack, flies beside a European Union (EU) flag during ongoing pro and anti Brexit protests outside the Houses of Parliament in London, U.K., on Tuesday, Jan. 22, 2019. The U.K.’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Photographer: Luke MacGregor/Bloomberg

(Bloomberg) -- The U.K. Parliament is edging closer to a plan to delay Brexit in order to stop the country dropping out of the European Union with no deal.

The main opposition Labour Party is now increasingly likely to support a move to extend the March 29 exit day deadline, if Prime Minister Theresa May fails to negotiate a divorce agreement, said John McDonnell, the party’s chief finance spokesman.

McDonnell described the proposal as a “sensible” way to avoid an economically disastrous no-deal Brexit.

If Labour does support the proposal -- put forward by lawmakers including Yvette Cooper, a former minister -- it is far more likely to win enough backing to be passed. That would force May’s hand and ensure she cannot take Britain out of the EU without a deal in nine weeks’ time.

© Bloomberg. John McDonnell Photographer: Simon Dawson/Bloomberg© Bloomberg. A British Union flag, also known as a Union Jack, flies beside a European Union (EU) flag during ongoing pro and anti Brexit protests outside the Houses of Parliament in London, U.K., on Tuesday, Jan. 22, 2019. The U.K.’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Photographer: Luke MacGregor/Bloomberg

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