Tag Archives: Brexit

Brexit: MPs willing to go to court to enforce delay

Brexit

MNA International Desk: British MPs, including Tories expelled from the party, are preparing legal action in case the PM refuses to seek a delay to Brexit. A bill requiring Boris Johnson to ask for an extension to the UK’s departure date to avoid a no-deal Brexit on 31 October is set to gain royal assent. But the PM has said he would “rather be dead in a ditch” than ask for a delay. Now MPs have lined up a legal team and are willing to go to court to enforce the legislation, if necessary. The cross-party bill – which requires ...

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Brexit uncertainty poses risk for BD economy

Brexit

MNA Business Desk: The Brexit uncertainty poses a “risk” to South Asian economies including Bangladesh due to having generalized system of preferences (GSP) with the European Union (EU) and a significant export to the United Kingdom. The World Bank (WB) issued the warning in its latest report titled “Global Economic Prospects: Heightened Tensions, Subdued Investment” released last week. “A no deal Brexit could have a significant impact on exports of those countries to the UK in the absence of new trade agreements,” said the WB report. The report showed Bangladesh’s exports to the UK as a share of total shipment ...

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May’s Brexit deal crushed in parliament

Brexit

MNA Editorial Desk: British lawmakers defeated Prime Minister Theresa May’s Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave. After parliament voted 432-202 against her deal, the worst defeat in modern British history, opposition Labour Party leader Jeremy Corbyn promptly called a vote of no confidence in May’s government, to be held at 1900 GMT today (Wednesday). With the clock ticking down to March 29, the date set in law for Brexit, the United Kingdom is ...

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EU endorses Brexit divorce deal

brexit

MNA Business Desk: The European Commission chief warned the UK parliament it should not count on any renegotiation ahead of Britain’s departure in March, as European Union leaders on Sunday approved a landmark agreement on Britain’s exit. After the rubber stamping, all eyes turn to British prime minister Theresa May to sell the deal to her recalcitrant parliamentarians over the next days and weeks — a huge task considering the intense opposition both her Convervative lawmakers and the political opposition have voiced toward the deal. It took leaders a matter of minutes at Sunday’s summit in Brussels to endorse a ...

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700,000 march to demand 2nd referendum on Brexit

Brexit

MNA International Desk: Almost 700,000 people from all over the UK took to street to demand a second referendum on Brexit, reported news agency. The centre of London ground to a halt as the crowds marched peacefully on parliament to demand the same. Addressing the crowds, which included dozens of MPs from all political parties, the TV personality and food writer Delia Smith said Brexit threatened to cause “unmitigated chaos”. The Liberal Democrat leader Vince Cable said the march showed that British people were beginning to realise that politicians could not deliver a successful Brexit that would protect their jobs, ...

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Theresa May’s deputy Damian Green resigns

Damian Green

MNA International Desk: British Prime Minister Theresa May’s most senior minister, Damian Green, has resigned at her request after an internal investigation found that he had made misleading comments about pornography found on computers in his parliamentary office. The resignation of one of her most trusted allies, who helped pacify her deeply divided party, is a serious blow for May as she navigates the final year of tortuous Brexit negotiations before Britain’s exit in March 2019. Green was appointed in the wake of her disastrous bet on a June snap election which lost her party its majority in parliament. Green, ...

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Pro-Brexit group urges for EU free trade agreement

trade

MNA Business Desk: Activists for a hard Brexit have asked business groups across Europe to put pressure on their governments for a free trade agreement with Britain, reported news agency. Leave Means Leave has written to the chambers of commerce in all the other 27 EU states, asking them to call for a “sensible agreement regarding the terms of Britain’s exit from the EU”. The letter warns that trade barriers would have a “detrimental effect”. It also calls for uninterrupted trade as well as near-zero tariffs. The letter was written by Leave Means Leave co-chairs Richard Tice and John Longworth, ...

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Britain set to welcome Theresa May as PM

Theresa

MNA International Desk: Britain is all set to welcome Theresa May as their new PM. Britain may be going to welcome its second woman prime minister in spite of a silent touch of sexism in their politics. Theresa May was performing her roles as Interior Minister and is now set to become the prime minister on Wednesday, succeeding David Cameron, who announced he was stepping down after Britons unexpectedly voted last month to quit the European Union (EU). She will be Britain’s first woman prime minister since Margaret Thatcher, after her only rival Andrea Leadsom abruptly terminated her leadership campaign ...

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David Cameron resigns as prime minister after Brexit

Cameron

MNA International Desk: David Cameron resigns as prime minister after Britain votes Brexit as it was inevitable. David Cameron paid the price for his failure to secure Britain’s future in the European Union announcing his resignation and admitting the country now needed “fresh leadership”. Flanked by his wife and at one stage close to tears Mr. Cameron said it would be wrong for him “to be the captain that steers our country to its next destination.” He declared that he would stay on in a caretaker capacity but expected a new leader to be in place by the time of ...

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Brexit pitches world into uncharted terrain

Brexit

MNA Editorial Desk: UK leaving the EU as the decision became obvious, Brexit pitches the world as we know it into uncharted terrain. Decelerating growth, a return to protectionism, inquiring for free trade agreements and worries over the solidity of the EU – the global economy is ingoing an era of bottomless uncertainty following Brexit. “We are moving into completely uncharted territory where the only certainty will be uncertainty,” said Jean-Michel Six, chief economist for Europe at SP Global Ratings. Britain voted by 52% to 48% for their country to leave the EU in spite of dire warnings from world ...

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