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After Brexit debacle, what could happen next?

After Brexit debacle, what could happen next?

After Brexit debacle, what could happen next?
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By CNBC-TV18 Jan 16, 2019 3:21:11 PM IST (Updated)

British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.

British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday.

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After parliament voted 432-202 against her deal, the worst defeat in modern British history, opposition Labour Party leader Jeremy Corbyn promptly called a vote of no confidence in May's government, to be held at 1900 GMT on Wednesday.

So where does May go with her Brexit plan now? Here are some of the possibilities:
  • With no clear majority in Parliament for any single alternate course, there is a growing chance that Britain may seek to postpone its departure date of March 29 while politicians work on a new plan.
  • Some Conservatives want May to seek further talks with EU leaders on changes before bringing a tweaked version of the bill back to Parliament, even though EU officials insist the 585-page withdrawal agreement cannot be renegotiated.
  • The government may even hand the decision back to voters in a new referendum on EU membership.
  • European Commission president Jean-Claude Juncker said the rejection of May's deal had increased "the risk of a disorderly withdrawal of the United Kingdom."
  • European Council President Donald Tusk highlighted the quagmire the UK had sunk into, and hinted that the best solution might be for Britain not to leave.
  • (With inputs from agencies)
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