Britain is getting closer and closer to Brexit without an agreement

Published: Apr 2, 2019 19:47

SMM4, March 2: on Monday, the House of Commons voted against all four Brexit bills, with the following results.

Customs Union: 273 for and 276 against

Single Market plus Customs Union: 261 for and 282 against

A second referendum on the agreement: 280 for and 292 against

No agreement to leave the European Union: 191 for and 292 against

On March 25, local time, parliament temporarily "deprived" the government of its leadership over the "Brexit" issue and tried to control the "Brexit" process. On the 27th, parliament officially confirmed the postponement of "Brexit" and rejected eight alternatives to "Brexit" with the "exclusion Act." On the 29th, the original "Brexit Day", British Prime Minister Theresa May's "Brexit" agreement was rejected by Parliament for the third time. Over the past few days, nearly 6 million people have petitioned on the website of the British Parliament asking for the abolition of "Brexit".

Theresa May hopes to hold a fourth parliamentary vote on the Brexit agreement by April 12, the Guardian reported. If the agreement is passed by then, Britain will still be able to leave the European Union on May 22. The Associated Press reported that if the House of Commons does not approve the agreement, does not withdraw the "Brexit" but is unable to obtain an extension, Britain will not have an agreement to "leave the European Union" at 23:00 on April 12. French Finance Minister Lemerre said today that Monday's vote brought us closer to Brexit without an agreement. Barnier, the EU's chief Brexit negotiator, also said that Brexit without an agreement is not the result of the EU's tendency, but it seems increasingly possible that the EU is ready to leave the EU without an agreement. At the same time, Barnier also said that the extension of Brexit will pose a major risk to the EU, the EU needs to have a strong reason to agree to extend Brexit.

At present, the chances of a second referendum are still small, and the best result is that the fourth parliamentary vote will pass May's Brexit agreement, and Britain will leave the European Union on May 22 on time. If May's Brexit agreement is still not passed in the fourth parliamentary vote, Well, Britain will not have an agreement to leave the European Union or will be forced to extend the period of Brexit. If Britain chooses to extend its "Brexit", it means that Britain must take part in the European parliamentary elections to be held from 23 to 26 May, and EU representatives are not happy with this result. French President Macron also did not welcome Britain to participate in the European Parliament elections. The postponement of Brexit will undoubtedly continue to hit the European economy, and the negative impact of endless postponement of the war is probably better than the pain of unagreed Brexit. Germany managed to get out of the technical recession last year. Manufacturing has continued to shrink sharply this year, business confidence has been hit hard, and industry leaders and investors are shifting from spiritual to thoroughly pessimistic about Germany's future prospects. The fall of a Greece, Germany can go to save, if Germany also fell, the European economy will face a catastrophic blow, no one wants to see such a result.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Feb 6, 2026 23:56
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Read More
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"
Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan
Feb 6, 2026 23:56
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Feb 6, 2026 23:54
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Read More
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...
Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.
Feb 6, 2026 23:54
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Feb 6, 2026 23:47
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Read More
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions
After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."
Feb 6, 2026 23:47
Britain is getting closer and closer to Brexit without an agreement - Shanghai Metals Market (SMM)