Theresa May rejects Britain's new Brexit vote: abrupt departure or request for extension

"In the long run, we could end up converting a Brexit without agreement into success, but there would be a major economic upheaval in the short term and no doubt about the impact it would have on businesses and families "Prime Minister Theresa May said in Tuesday's parliamentary debate.

In February, May had promised that if the deputies refused the agreement again, he would hold a new vote on Wednesday so that parliamentarians specify whether you are in favor or against a Brexit without agreement.

The Bank of England warned that this scenario, most feared by the British economic media, would plunge the United Kingdom into a serious economic crisis, with unemployment and inflation triggered, the collapse of the pound and the price of housing and the reduction of nearly 10% of GDP.

And only two and a half weeks after the United Kingdom's departure from the European Union on March 29, the fear grows that, failing to find a solution in time, the country is forced to leave the bloc brutally.

"We turn to the abyss, politicians of all tendencies must overcome their differences and make it a priority to avoid a Brexit without agreement"said Catherine McGuinness, head of the City, the mighty financial heart of London.

"The financial consequences of a Brexit without agreement are well known and politicians must act now to prevent this from becoming a reality for businesses and households across the country," he added.

Agreement on the need to have an agreement

In a very divided Parliament between pro-Europeans and Eurosceptics, a clear majority has not been identified for almost nothing, except to rule out the possibility of a Brexit without agreement: on 29 January, MEPs approved an amendment, introduced by a Conservative and a Labor Party member, who simply asked to exclude this possibility.

This suggests that This option will likely be imposed when lawmakers vote again from 19:00 (local time and GMT), in an intense parliamentary day during which the Minister of Economy, Philip Hammond, should present forecasts for growth of the British economy.

If the deputies decide to avoid a "brexit" without agreement, the chamber will meet on Thursday evening another vote to authorize the British Government to request an extension of the validity of Article 50 of the Lisbon Treaty, which set the withdrawal date as March 29, after a two-year bargaining period and after the 2016 referendum, in which the "yes" to Trixit triumphed.

We do not know yet how long this extension could last, but this was mentioned as a deadline until mid-May, the date of the elections to the European Parliament. If there is no Brexit yet, parliamentarians will have to be elected by the United Kingdom (there are currently 73) and will vote in June on block issues, even if they are about to leave.

This would however require the approval of the leaders of the 27 other European bloc countries and they have already warned that they would only consider it if the objective was clear. And not just to continue extending a blockade they consider motivated by questions of British domestic policy.

"If the UK submits a reasoned request for an extension, the 27 will be willing to consider it"said Tuesday a spokeswoman for the European Commission, saying the other countries in the bloc would consider the "reasons and the length of a possible extension" before making its decision.

Monday, at the stroke of midnight, May had managed to meet with the President of the European Commission, Jean-Claude Juncker, on the most conflictual point of the agreement, the "Irish safeguard". But these new "guarantees" have not been enough to allay the fears of many MPs and Parliament has again reversed the agreement by a vote less and less historical.

With information from AFP and EFE