Brexit bill delayed as MPs introduce deluge of amendments

Conor Coyle WebFG News | 13 Oct, 2017 11:57 - Updated: 12:00 | | |

 parliament house of commons london westminster politics
Palace of Westminister by Pixabay

PM Theresa May has had to delay a key piece of Brexit legislation after hundreds of MPs proposed amendments to the bill.

The EU withdrawal bill had been due to be debated next week in the House of Commons, but the government will now push back the date in order to assess the backlog of amendments.

The delay came after the EU’s chief negotiator Michel Barnier said discussions between the two sides had reached a “deadlock”, putting further pressure on May, who is also faced with divisions within her own cabinet on Brexit.

Leader of the House of Commons Andrea Leadsom said that there had been over 300 amendments to the withdrawal bill, as well as 54 new requested clauses.

With May’s government likely to face some rebellions from within her own party, Leadsom said the government wanted to work with MPs to assess the proposals.

“That is taking a bit of time so that we give proper, thoughtful, well considered responses to them,” she said. “We will, of course, be bringing forward the committee of the whole House just as soon as we are able to do so.”

Talks between the UK and the EU have stalled as the respective parties cannot agree on a figure which the latter must pay to fulfil its obligations to the latter.

More news

11 Dec US close: Markets continue run further into record territory

Markets in the US pushed further into record territory on Monday, as investors eyed a rate announcement from the Federal Reserve later in the week.

11 Dec Tuesday preview: November CPI, Ashtead results in focus

All eyes will be on the November CPI report on Tuesday which hopefully - for the Bank of England governor - will show the rate of increase in the cost of living stuck at 3.0%, allowing him to avoid having to pen a letter to the Chancellor explaining why he has allowed inflation to err more than 1.0 percentage above the Bank of England's target.

11 Dec Director dealings: Two Berkeley Group insiders sell at 52-week high

A person closely associated with The Berkeley Group's Sean Ellis cashed in on a large batch of shares of the luxury homebuilder at the start of the week.

11 Dec Canaccord ups target on Berkeley but stays at 'hold' on outlook

Analysts at Canaccord Genuity stuck to their 'hold' recommendation on shares of homebuilder Berkeley Group, but revised their target price sharply higher given the outfit's multiple strong points.

11 Dec Broker tips: TalkTalk, Berkeley Group, Inmarsat

TalkTalk will be forced to cut its dividend payout next year in order to meet its debt covenants, analysts at Jefferies estimated.

11 Dec Sector movers: Miners gain on Citi note, Chinese credit data

Miners found a bid at the start of the week on the back of positive commentary out of analysts at Citi and the release of stronger-than-expected bank lending and credit figures in China.

11 Dec Europe close: Stocks slip ahead of US Fed rate decision

Traders opted to be play it safe on Monday, keeping their cards close to their chests ahead of the US central bank's policy announcement on Wednesday.

11 Dec London close: Footsie gains on pound, strength in mining and oil equipment names

London stocks pushed higher on Monday as investors digested the latest on Brexit and looked ahead to a week of central bank updates.

11 Dec US open: Dow Industrials, S&P 500 push further into record territory

The Dow Industrials and S&P 500 were pushing further into record territory on Monday afternoon as investors eyed a rate announcement from the Federal Reserve later in the week.

11 Dec HSBC money laundering charge to be lifted by US authorities

The US Department of Justice is due to lift the deferred charges placed on UK bank HSBC for alleged money laundering in Mexico.