UK will delay Brexit if lawmakers reject May's deal: Hammond

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UK will delay Brexit if lawmakers reject May's deal: Hammond
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Britain will probably have to delay its departure from the European Union if law...

LONDON - Britain will probably have to delay its departure from the European Union if lawmakers reject the government’s proposed divorce deal in a vote next week, finance minister Philip Hammond said on Thursday.

Unless Prime Minister Theresa May can get her divorce treaty approved by the British parliament, then lawmakers will have to decide whether to delay Brexit or thrust the world’s fifth largest economy into chaos by leaving without a deal. Britain is due to leave the EU in 22 days, but if lawmakers reject the deal this will put in doubt how, when or possibly even if Britain’s biggest foreign and trade policy shift in almost half a century will take place.

“We will then be in unknown territory where a consensus will have to be forged across the House of Commons and that will inevitably mean compromises being made,” he said. “The way for my colleagues to avoid that is to vote for the deal.”

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