Published: Fri, July 20, 2018
Markets | By Terence Owen

Commons passes trade bill, paves way for Brexit

Commons passes trade bill, paves way for Brexit

In his resignation letter, he argued that the prime minister's latest plan was a signal to the Brexit-voting public that the referendum was being betrayed by too soft an exit strategy from the EU.

Johnson resigned as Foreign Secretary in opposition to the Brexit proposal drawn up at Chequers.

Senior Conservatives said afterwards that she had weathered a febrile few days at Westminster, and would survive to resume battle with Brexit hardliners after the summer recess.

In a letter to his constituents in Shipley, seen by The Yorkshire Post, Mr Davies said Mrs May's Chequers plan for Brexit was "unacceptable".

Mrs Leadsom told The House magazine the Chequers plan must be taken seriously or the European Union risked a "no deal" Brexit.

Davies is in a relationship with Tory welfare secretary Esther McVey, and she is one of two cabinet ministers that Downing Street fears could follow David Davis and Boris Johnson in resigning in protest.

"We have time in these negotiations, we have changed tack once and we can change again", he said.

The House of Commons gave the go-ahead on Tuesday to the government plan by closely defeating an amendment by several pro-European Union (EU) Conservative and Labour lawmakers.

Under the new United Kingdom trade bill, as things now stand, MPs in the Commons would only have the power to continually delay the passing of a trade treaty, but not veto or amend it.

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"We must try now because we will not get another chance to do it right", he said.

But Mrs May says she rejected the move because she is determined to negotiate a deal with Brussels.

Davies said the plan on trade is "unacceptable" and raised concerns that May being unable to deliver on Brexit negotiations with the European Union would 'almost certainly lead to the catastrophe of Jeremy Corbyn becoming Prime Minister'.

"The Chequers agreement, the white paper are the basis for our negotiation with the European Union and we have already started those negotiations", she told Parliament.

But by setting a deadline for May to change her approach, she said he appeared to be telling MPs that it would be "in their hands" if she didn't.

During a tense session in Westminster, the Prime Minister thwarted the Tory rebellion by 307 votes to 301, helped by four Labour Brexiteers who cast their ballots against their own party.

His comments reflect numerous concerns that have been expressed by the pharma industry, which has invested heavily in the United Kingdom as the EMA has been headquartered in London for the past two decades.

Such a statement would have echoes of Geoffrey Howe's devastating resignation speech after quitting Margaret Thatcher's Cabinet in a row over Europe - an intervention which contributed to her being toppled within weeks.

"If we get distracted by individual amendments to individual pieces of legislation. then I think we get dragged into an unnecessary debate that wastes a lot of time and energy", Foreign Minister Simon Coveney told Ireland's state broadcaster RTE.

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