From the past few years, there has been a great issue going on among the European countries. It is the Brexit deal. For those unaware of what Brexit is should know that it is a political and economic reform set forward by the United Kingdom to get separated from the European Union which has been followed since many years allowing a friendly and open trade and commerce relationship among the European Countries. The deal was brought into Deadlock due to insufficiency of proper negotiations. Recently on May 21st the Prime Minister of United Kingdom, Theresa May gave a speech with a motive to break the deadlock of the deal and offer some new negotiations.
The highlights of the speech
The speech by Prime Minister Theresa May was about revive the Brexit deal by making further negotiations with the other countries of the European Union. The PM talked about bringing certain significant changes in the deal but the lawmakers did not get convinced at it and were still determined not to vote in favour of Britain during the Withdrawal Agreement Bill, the legislation to be held in the month of June that decide the fate whether Britain must stay as a member of European Union or depart from it.
Some notable points made by the PM in her speech were:
- She appealed the lawmakers telling them to compromise by accepting her offer of prospect of a second referendum.
- She also appealed that through the Brexit, Britain can move ahead with a better political and economic future.
Through this offer which she made, she wishes to gain a second voting chance on her deal and overcome the opposition Labour Lawmakers.
The Prime Minister also got infuriated on the supporting lawmakers who described a customs union with the European Union as no Brexit at all.
Acclaimed gimmick by the PM
Prime Minister Theresa May’s movement towards the revival of the Brexit deal by luring the lawmakers with changes and new negotiations in her deal is mostly not accepted by the opposition lawmakers. They along with many other ministers claim the PM’s speech as a gimmick or a trick to get the support of the Labour Lawmakers.
Currently the Conservatives And the Labour Lawmakers are against the deal. But now PM Theresa May is giving her full effort to get her withdrawal bill approved.
Why was the previous Brexit rejected?
The Brexit bill was rejected three times in the parliament. Initially it was a ‘no deal’ Brexit. Many businesses and economists feared that Britain exiting from the European Union without making any deals would not only make the country poorer but also create an economic shock in the country.
According to the Finance Minister Philip Hammond was totally against a no deal Brexit. He showed references to the 2016 Leave Campaign that the country would want to leave with a deal made. He also feels that advocating for a no deal Brexit is a hijack on the results of the referendum and if it is done, then it would inflict an economic damage to the country and lower the standards of living of the public.
