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British Lawmakers Eye Government Shutdown to Avoid A No-Deal Brexit: Times
British Lawmakers Eye Government Shutdown to Avoid A No-Deal Brexit: Times
06 Jan 2019, 03:47 AM IST
(Bloomberg) -- Parliament will vote on two amendments to the finance bill Tuesday that would lead to a government shutdown unless Theresa May wins approval for a Brexit deal, the Sunday Times reports.
- The group of senior MPs leading the effort includes members from all parties and is led by former Labour cabinet minister Yvette Cooper, according to the Times
- The amendments would block some of the Treasury’s powers, including raising any income or corporation taxes, unless the Parliament approves a deal or votes specifically to leave the EU without a deal
- Earlier, U.K. Economy Shows Signs of Brexit Strain in First Week of 2019
To contact the reporter on this story: Lauren Berry in New York at lberry4@bloomberg.net
To contact the editor responsible for this story: Sonali Pathirana at spathirana@bloomberg.net
©2019 Bloomberg L.P.
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