British Lawmakers Eye Government Shutdown to Avoid A No-Deal Brexit: Times

(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

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