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British Premier: Commons' Last Chance

Theresa MayThe British Prime Minister Theresa May said that the British parliament members have one last chance to support her deal.

"I have compromised, now I ask you to compromise too," said Theresa May during a speech in London.

May has been trying to push her Brexit deal in the parliament without being successful, being rejected three times and risking the fourth rejection. Now she is aiming to present what she calls a "new deal" in the parliament at the beginning of the next month.

She made clear on her speech that she wasn't expecting the Brexit negotiations to be "simple" or "straightforward" and that she continues to believe that "the best way to make a success of Brexit is to negotiate a good exit deal with the EU."

She also explained her decision to negotiate a cross-party deal on Brexit, adding that despite all the efforts she made it was still not enough for the Labour party. The move, that she deemed necessary, was criticized by MPs in both sides.

"I believe it was the right thing to do," she said about her attempt to negotiate with other political parties, "But in the end, those talks were not enough for Labour to reach an agreement with us," she added.

May highlighted that she is not giving up as most MPs "want to deliver the result of the referendum." So she is now pushing for a new deal that "contains significant further changes to protect the economic and constitutional integrity of the United Kingdom and deliver Brexit" and addresses the Irish backstop issue.

The premier also defended the Brexit from its critics, saying that there are great opportunities associated with leaving the European Union, like being able to set an independent trade policy that would benefit the UK, while keeping enjoying the advantages of a customs union.

At the end of the speech, she warned against the alternatives to her deal, a Brexit without a deal and a new referendum.

" Parliament has been clear it will do all it can to stop it," she said about a no-deal Brexit while highlighting that her views about a second referendum are " well known."

The Brexit deadline is set for the end of October and whether the United Kingdom is leaving the Union with a deal is still not clear. The United Kingdom government is using the next two weeks to push this deal in the parliament, the media and the country.

"We have been given a clear instruction by the people we are supposed to represent," she said at the end of her speech.

Sara Patterson
About Sara Patterson
Sara Patterson has a Master’s Degree in political science and enjoys analyzing both current events and the international markets to get a fuller perspective of the currency market. Before turning to financial writing, she taught English writing skills to high-school age students. Sara’s work has been published on various financial and Forex blogs.

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