Prime Minister Theresa May declared that she will seek “legally binding changes” to her Brexit deal after members of Parliament voted to back a new proposal to replace the Northern Ireland backstop.
But a spokesman for European Council President Donald Tusk told reporters, in response to a series of House of Commons votes late on January 29, that “the backstop is part of the withdrawal agreement, and the withdrawal agreement is not open for renegotiation”.
My news story for Tax Notes (paywall), published January 30, also published in the February 4 edition of Tax Notes International:
May to Seek ‘Binding Changes’ as MPs Oppose No-Deal Brexit
Planning for a no-deal Brexit among larger businesses is “highly variable,” but prudent firms will keep preparing so long as such an outcome “remains an option,” said James Stewart, head of Brexit at KPMG UK.
“Many of the businesses we’re speaking to are praying for an extension to article 50,” Stewart said in a January 28 statement. “At this stage even our most informed clients feel as if anything could happen. They’re thinking about getting products from A to B, market access, and staffing up situation rooms for April,” he said, adding that there are “no safe bets.” My news story for Tax Notes (paywall), published January 29:
U.K. Firms ‘Praying’ for More Time to Plan for Brexit
Labour Party leader Jeremy Corbyn presented a motion of no confidence in the UK government after members of Parliament rejected Prime Minister Theresa May’s Brexit deal in a crushing 202-432 vote.
My news story for Tax Notes (paywall), published January 16:
U.K. Government Faces No-Confidence Vote After Brexit Defeat
Prime Minister Theresa May urged members of Parliament to give her Brexit deal a second look, while Labour leader Jeremy Corbyn said “assurances” over the Irish backstop were “nothing but warm words and aspirations.”
My news story for Tax Notes (paywall), published January 15:
May’s Critics Reject ‘Assurances’ Over Brexit Backstop