If May Can't Win Her Brexit Vote, What Other Options Are There?
(Bloomberg) -- Almost everyone agrees that Theresa May's Brexit deal won't get through Parliament when it comes to a crucial vote. But can anything else?
As the Dec. 11 vote approaches, different cross-party groups of politicians are huddling together trying to craft amendments that would re-write the motion to deliver a different kind of Brexit plan, or add new conditions to May's own deal.
Dozens of these amendments and rival proposals are likely to be put forward -- on the day of the vote or afterwards -- and it will be up to House of Commons Speaker John Bercow to pick which ones get voted on.
Here are the main options that are being talked about as replacements for May's plan:
No Deal
There have been attempts to re-brand a “no-deal” departure as a “World Trade Deal'' or even “Clean Global Brexit.'' In essence, supporters of leaving the European Union without an overarching agreement want to maintain a minimal level of cooperation with the bloc to do things like keep planes flying. Then, they hope to negotiate a better free trade agreement from outside the EU, similar to the one Canada has.
There definitely isn't a majority for a no-deal Brexit in Parliament, but it's also the default option if May's plan is voted down. “The government is being irresponsible if they are not now in full execution of no deal plans,'' said Marcus Fysh, a Tory who supports this route. “They should be resetting the negotiation to seek a relationship of regular free trade between partners in separate jurisdictions.''
Second Referendum
For those who think Brexit is a terrible idea that should simply be abandoned, a re-run of the 2016 plebiscite is the democratic way to deliver their goal. There are discussions in Parliament about an amendment to May's motion that would make agreement to the deal subject to another national vote.
The problem is that this isn't yet the policy of the opposition Labour Party, and as long as that remains the case, there's no majority in Parliament for a second referendum. However, Labour has not ruled out backing such a move, and if May's deal is voted down, the party could consider asking the British public to think again.
If Labour does get on board with calls for a “People's Vote,” the party will find support from rebel Conservatives, Scottish Nationalists, and Liberal Democrats.
“There is absolute certainty there will be no hiding from a people's vote amendment,'' Liberal Democrat Brexit spokesman Tom Brake said. “It will be tabled when it's at its most effective with a view to forcing the government to accept it is the only way out of this mess.''
Norway (For Now?)
The compromise for Conservatives who want to honor the 2016 referendum but don't like the look of May's deal is to join the European Free Trade Association, and keep Britain inside the EU's single market. This idea -- also known as "Norway-plus" -- could be a temporary move until a better, permanent answer can be found.
The chief advocates of such a plan are former Tory minister Nick Boles and Labour lawmaker Stephen Kinnock. It's not clear the EU or EFTA would agree to this. Boles and Kinnock see their idea as a potential lifeboat option, that they could formally propose after May's deal is voted down and other choices have failed to win support.
“The Norway-plus option delivers on the narrow result of the referendum but removes us from the political institutions of the EU whilst keeping us in a close and frictionless economic relationship'' said Kinnock in an interview. “It's also the only option that deals with the Irish border issue, that takes us out of the jurisdiction of the European Court of Justice and meets Labour's six tests. Moreover it seems highly likely that it commands a parliamentary majority.''
Customs Union
Instead of the hybrid option that May is offering, the Labour Party advocates a full customs union with the EU. An amendment calling for this probably has the best chance of succeeding, though pro-EU Tories will be less likely to back it if it's dressed as a Labour move. The question will be whether a cross-party version is put forward instead.
Have-Your-Cake-and-Eat-It Brexit
There are also likely to be amendments calling for May to simply get a better deal, one that both secures full access to the EU's markets while not paying any money and allowing the U.K. to negotiate free trade deals around the world.
To contact the reporters on this story: Kitty Donaldson in London at kdonaldson1@bloomberg.net;Robert Hutton in London at rhutton1@bloomberg.net
To contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Robert Jameson
©2018 Bloomberg L.P.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.