trending Market Intelligence /marketintelligence/en/news-insights/trending/3n1ovtolzagxrht86woqkw2 content esgSubNav
In This List

UK's House of Commons reject bids to stay in EU single market, customs union

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


UK's House of Commons reject bids to stay in EU single market, customs union

The U.K. government defeated several amendments to its flagship Brexit legislation, including proposals aimed at keeping Britain in the European Union's single market and customs union after leaving the bloc.

The House of Commons, the lower chamber of the U.K. Parliament, voted 327-126 to reject a House of Lords amendment that sought to make continued membership in the European Economic Area a negotiating objective of the government in its Brexit talks with the EU.

Lawmakers also voted 322-240 against an amendment that calls on the government to negotiate full access to the EU's internal market.

The lower house also rejected in a 325-298 vote a proposal that would require the government to negotiate a customs union with the EU as part of the framework for future ties.

An amendment that would make the government outline what steps it would be taking to negotiate continued EU customs union membership after Brexit was defeated by a vote of 326-296.