British PM May defeated again over Brexit in parliament

Friday, 2019-03-29 22:04:09
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Britain's Prime Minister Theresa May speaks in the Parliament in London, Britain, March 29, 2019 in this screen grab taken from video. (Source: Reuters)
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British lawmakers rejected Prime Minister Theresa May's divorce deal for the third time. Lawmakers voted by 344 to 286 to reject the so-called Withdrawal Agreement.

British Prime Minister Theresa May said on Friday (March 29) that lawmakers' "grave" decision to reject her Brexit deal for a third time meant that parliament was running out of options for how Britain should leave the European Union.

"The implications of the House's decision are grave," she said.

"I fear we are reaching the limits of this process in this House," May went on. "This House has rejected no deal. It has rejected no Brexit. On Wednesday (March 27) it rejected all the variations of the deal on the table. And today it has rejected approving the Withdrawal Agreement alone and continuing a process on the future."

* British government bond prices jumped on March 29 after the country's parliament rejected the deal for the European Union Withdrawal Agreement, the latest Brexit defeat for Prime Minister Theresa May.

The yield on 10-year gilts dipped below 1 percent as investors sought the safety of government bonds and gilt futures rallied by more than 30 ticks on the news.

* European Union leaders will meet on April 10 to discuss Britain's departure from the bloc, summit chair Donald Tusk said after British lawmakers rejected a deal for a third time on March 29.

"In view of the rejection of the Withdrawal Agreement by the House of Commons, I have decided to call a European Council on 10 April. Brexit," Tusk, the European Council president, tweeted.

EU leaders last week gave May until Friday to secure backing for the deal she struck with them last year, or Britain would leave as early as April 12 if London offers no other strategy.