UK Cabinet supports Brexit plan and the pound drops

Photo Credit: Evening Standard

Photo Credit: Evening Standard

After a five-hour Cabinet meeting yesterday, Prime Minister Theresa announced she had full backing to move ahead with her Brexit plan, causing a 1 percent drop in the value of the pound on currency markets. "The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline political declaration,” PM May said outside her Downing Street office. Angry Brexit supporters and critics protested on Downing Street. “It sells out the country completely. We will be a vassal state of the EU,” said Lucy Harris, who founded the Leavers of London group.

 

The draft agreement still faces a vote in parliament next month, which appears likely to fail as it does not have support from government or opposition MPs. Conservative MP and euroskeptic Peter Bone, a leading accused PM May of “not delivering the Brexit people voted for” and warning her, “Today you will lose the support of many Conservative MPs and millions of voters.”

 

Jeremy Corbyn, leader of the main opposition Labour Party who is seeking early elections, called the entire negotiations process “shambolic”, saying, “This government spent two years negotiating a bad deal that will leave the country in an indefinite half-way house.

 

A European Union official told news media that the final deal includes a so-called “backstop” in which the whole United Kingdom will remain in a customs arrangement with the EU. Northern Ireland would have special status under the proposals, meaning that some checks may be required between Northern Ireland and the rest of the country. The Northern Irish Party propping up PM May’s government threatened to break their alliance over leaks about a special arrangement for Northern Ireland. Democratic Unionist Party (DUP) leader Arlene Foster said she expected to be briefed about the deal by PM May late Wednesday, warning that “there will be consequences” if the leaks were true.

 

The reported arrangement did not go down well in Scotland, where the pro-independence and europhile government also questioned the deal. Its nationalist leader Nicola Sturgeon asked why Northern Ireland should have a special status that would effectively keep it in the European single market while Scotland should not.


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