It has been less than 24 hours since Theresa May suffered a historic defeat as 432 MPs voted against her Brexit deal. Just 196 Conservatives voted for the Prime Ministers deal to go ahead, adding to the uncertainty of the fate of the UK. But does Brexit have to go ahead? In short, no.
The UK can still cancel Brexit and stay in the EU, however in order to do so a second referendum must be called – or we must simply revoke the Article 50 notice of withdrawal. If we decide to abandon Brexit before March 29, we would retain membership of the EU under existing terms. Pound jumps up after Theresa May's Brexit defeatHowever if the UK applied to rejoin after the Article 50 deadline has passed, it would have to go through a lengthy accession process. This would almost certainly involve giving up the rebate negotiated by Margaret Thatcher, as well as opt-outs in areas such as justice and home affairs. It could be required to join the Schengen free movement area and the euro as part of the price of readmission. Over the last few months, some MPs have made numerous calls for a new referendum, and yesterday evening European Council President Donald Tusk suggested for the cancellation of Brexit. Posting online, he said: ‘If a deal is impossible, and no one wants no deal, then who will finally have the courage to say what the only positive solution is?’ Speaking last year, former prime minister Gordon Brown also addressed the cancellation of Brexit – stating that he believes Britain will have a second referendum on EU membership.
Read more: https://metro.co.uk/2019/01/16/can-uk-cancel-brexit-stay-eu-8349788/?ito=cbshare
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