SUNDAY, 24 MAR 2019

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Perdios: Sports Tourism Should be an Integral part of Cyprus’ Tourist Product

Cyprus and Portugal to Enhance Cooperation in Maritime Transport

IMH LTD
GAP_Group_2018_468x60px

INTERNATIONAL

brought to you by CIPA

Brexit: MPs to Vote on 29 March No-Deal Exit from EU

Brexit: MPs to Vote on 29 March No-Deal Exit from EU

MPs will vote later on whether to block the UK from leaving the EU without a deal on 29 March, after again rejecting the PM's withdrawal agreement, the BBC reports.

Wednesday's vote would not rule out the prospect of a no-deal exit later this year, if talks are extended but the UK is ultimately unable to agree a deal.

Theresa May's deal was defeated in the Commons again on Tuesday by 149 votes.

The EU's Michel Barnier said the UK must decide what it wanted and the risk of no deal had "never been higher".

He told the European Parliament the EU had gone "as far as it possibly can" and the proposed exit agreement, rejected by 391 to 242 votes, "will remain the only available treaty".

Ahead of the no-deal Commons vote, expected at about 19.00 GMT, the government announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.

Under a temporary scheme 87% of imports by value would be eligible for zero-tariff access - up from 80% at present. Tariffs would be maintained to protect some industries, including agriculture.

The government also announced it will not introduce any new checks or controls, or require customs declarations for any goods moving from across the border from Ireland to Northern Ireland if the UK leaves the EU without a deal.

The decision to drop all checks to avoid friction at the UK's land border with the EU will be temporary while longer term solutions are negotiated.

MPs will vote on a government motion, which says: "This House declines to approve leaving the European Union without a withdrawal agreement and a framework on the future relationship on 29 March".

May, who is currently chairing a cabinet meeting, has said Tory MPs will get a free vote.

That means ministers and MPs can vote with their conscience rather than following the orders of party managers - an unusual move for a vote on a major policy.

The no-deal debate will begin after Prime Minister's Questions and Chancellor Philip Hammond's Spring Statement economic update.

Leaving the EU in 16 days' time remains the UK's default position under the law, unless talks are extended.

If no-deal is rejected, MPs will vote on Thursday on delaying Brexit by extending Article 50 - the legal mechanism that takes the UK out of the EU.

The EU has said it would need "a credible justification" before agreeing to any extension - which would have to be agreed by every member state.

 

MORE ON INTERNATIONAL

EY: Media and Entertainment Companies Must Focus on Older Generations

Media and entertainment companies must adopt a multigeneration strategy and challenge ...

Annual Growth in Labour Costs at 2.3% in Euro Area

Hourly labour costs rose by 2.3% in the euro area (EA19) and by 2.8% in the EU28 in the ...

A Third of EU Trade is with the United States and China

In 2018, the United States (€674 billion, or 17.1% of total extra-EU trade in goods, ...

FROM AROUND GOLDNEWS

   

Monaco International Luxury Property Expo 2019

The Monaco International Luxury Property Expo 2019, the world’s central B2C exhibition for upscale international real estate, will be held 15-16 May 2019 ...
   

PwC’s 4th Twitter Tax Cast to Provide Information on Cyprus’ Tax System

Business executives and the general public will have the opportunity to receive important information and also submit questions live on Twitter to PwC experts, ...
   

Fitch Upgrades Hellenic Bank to 'B+' and Affirms Bank of Cyprus at 'B-'

Fitch Ratings has upgraded Hellenic Bank Public Company Limited`s (HB) Long-Term Issuer Default Rating (IDR) to `B+` from `B` and Viability Rating (VR) to `b+` ...
   

Cyprus and Portugal to Enhance Cooperation in Maritime Transport

Cyprus and Portugal have underlined their wish to further enhance their cooperation in the sector of maritime transport during an official visit by Deputy ...
   

Perdios: Sports Tourism Should be an Integral part of Cyprus’ Tourist Product

Deputy Ministry for Tourism will work to render sports tourism an integral part of Cyprus’ tourist product, Deputy Minister Savvas Perdios has said on ...
   

British High Commission Continues to Support Innovation in Cyprus

Over recent months the British High Commission has supported a series of Innovation Workshops delivered by the Northern Ireland Cooperation Overseas (NICO) in ...
   

Infocredit Supports Boot-Camp Entrepreneurship-PEAK Up Your Success at EUC

Infocredit Group, committed in supporting innovation and youth entrepreneurship, was among the sponsors of the Boot-Camp Entrepreneurship-PEAK Up Your Success ...
   

Promoting Cyprus at the MIPIM International Property Exhibition in Cannes

Invest Cyprus (the Cyprus Investment Promotion Agency), accompanied by leading Cypriot companies active in the professional services and real estate ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

NewCyTech_22/02-22/04_300x250px
Gold_Issue_300x250px

IMH LTD