trending Market Intelligence /marketintelligence/en/news-insights/trending/d5iYA-x6hi33dDKnerqXQw2 content esgSubNav
In This List

UK House of Commons Speaker rejects government bid for new vote on Brexit deal


Banking Essentials Newsletter: 17th April Edition


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

UK House of Commons Speaker rejects government bid for new vote on Brexit deal

U.K. House of Commons Speaker John Bercow blocked the government's request to hold a "meaningful vote" on its Brexit deal on Oct. 21, adding another defeat to Prime Minister Boris Johnson's strategy to take the country out of the European Union in 10 days.

Bercow told Parliament that the latest government motion was the same in substance as the one put forward to lawmakers on Oct. 19, when they voted to withhold approval on the revised Brexit deal reached by Johnson with the EU last week, unless and until the withdrawal agreement bill is passed.

"My ruling is therefore that the motion will not be debated today as it would be repetitive and disorderly to do so," Bercow said.

Sterling was trading around $1.2975 as of 4:30 p.m. London time following Bercow's ruling. It earlier climbed as high as $1.3008 amid optimism that Johnson will get his Brexit deal through Parliament this week, with Foreign Secretary Dominic Raab saying that the government "has the numbers" to get the deal over the line.

The deferral of the Brexit deal vote on Saturday forced Johnson to ask the EU to extend the Oct. 31 Brexit deadline. He had sent an unsigned letter to the EU requesting such extension, though he also said in another letter that another Brexit delay would be a mistake.

According to the office of House of Commons Leader Jacob Rees-Mogg, the withdrawal agreement bill, which the government published on Oct. 21, is scheduled for its second reading on Oct. 22. Proceedings on the bill are expected to be concluded Oct. 24.