Today and tomorrow there will be key votes in the UK Parliament on the Brexit issue.
Today’s vote is expected to provide an answer to the question of whether the UK will leave the European Union on a “No deal” basis, i.e. without an agreement governing the exit. If this option is voted through, the UK will leave the EU as previously scheduled on the 29th of March 2019. However, this scenario is unlikely. If the No Deal exit is rejected on the 14th of March 2019 we face another vote.
The vote on the 14th of March 2019 is expected to answer the question of whether the exit date from the EU is to remain the 29th of March 2019. If this is voted down the UK will leave the EU on a “No Deal” basis on the 29th of March. The more likely option, however, is that the Parliamentary majority will vote to delay the exit, which opens up the possibility for Theresa May to renegotiate the date of exit and London MPs have many options to consider, including calling another referendum on the issue.
For businesses conducting their business on the British Isles the next two days are very important dates.
Below is a visualisation of the upcoming events after BBC