Global Perspectives: Brexit: Tell Me What You Want
Weekly commentary on international finance and economics including global events and how world issues affect our domestic issues.
Brexit: Tell Me What You Want
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The UK Parliament took a vote on Brexit this week and the outcome was a complete flop for British Prime Minister Theresa May. The British Members of Parliament soundly rejected the deal, 432 to 202, resulting in the largest defeat for a Prime Minister in history.
With fewer than 80 days left until the Brexit deadline, it's quite alarming that the UK still cannot agree on what kind of a deal it wants. The biggest point of contention at this stage is something called the "Irish backstop" - something that was not even mentioned at the time of the Brexit vote in 2016.
Some background: The Good Friday Agreement in 1998 ended a bloody history of thousands of deaths between Northern Ireland (which is part of the UK) and the Republic of Ireland (which is part of the EU).
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