Britain’s seven Brexit options. Reports surfaced Friday that the British Parliament will hold nonbinding votes on its Brexit options next week if the withdrawal agreement is voted down for a third time as expected. Members of Parliament will reportedly vote among seven options: the existing deal; the deal plus a permanent customs union with the EU; the deal plus a customs union and single market membership; a free trade agreement; a second referendum; no deal; or no Brexit. It’s a flawed process, to be sure. A second referendum would accomplish nothing unless voters elected to remain in the EU. An FTA and the options that include a customs union or single market membership would not change the withdrawal agreement, which has twice been rejected by historic margins; they would only alter the U.K.’s future relationship with the EU. In fact, the Irish backstop – the largest obstacle to the withdrawal agreement’s passage – would still exist in the first four options listed. (It
Daily Memo: 7 Brexit Options, Another China Loan, a Flood in Iran
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