UK lawmakers back EU Brexit deal

BRITISH lawmakers have approved legislation, which will allow Britain to leave the European Union on January 31 with an exit deal, ending more than three years of tumult over the terms of the unprecedented divorce.

They voted 330 to 231 in favour of the European Union (Withdrawal Agreement) Bill, which implements an exit deal agreed with the EU last year.

That allows Prime Minister Boris Johnson to turn the page on one of Britain’s deepest political crises in decades, putting an end to the fears of an immediate disorderly exit which had cast a shadow over the economy and fuelled divisions over the 2016 referendum decision to leave the EU.

“It is time to get Brexit done. This bill does so,” Brexit minister Stephen Barclay told lawmakers, summing up hours of debate in parliament.

Read Also: Brexit: ‘EU will always welcome back UK’

The legislation now heads to parliament’s upper chamber and is expected to become law in the coming weeks, leaving enough time to allow Britain to leave at the end of the month with a deal to minimise economic disruption.

In recent years, financial markets have been mesmerised by the twists and turns of Britain’s Brexit drama, with its acrimonious negotiations in Brussels, knife-edge votes in parliament and heavy defeats for unstable governments.

 

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