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UK Parliamentarians earlier today, March 14, voted to extend the March 29 Brexit deadline. This is according to reports from the BBC, which indicate they voted for the delay 413 to 202.
This follows last night's vote for the UK not to leave the European Union without a withdrawal agreement.
UK Prime Minister, Theresa May has reportedly said that there could be a delay of three months, however, the European Union (EU) would have to agree to an extension.
Previous Story: Brexit: MPs Vote Against ‘No Deal’
United Kingdom (UK) Parliamentarians yesterday, March 13, voted against the UK leaving the European Union (EU) without an exit deal.
According to reports in the BBC, a motion was passed 321 votes to 278, signaling that majority of the Parliamentarians do not want to leave without a deal.
Despite this, the British Prime Minister, Theresa May has indicated that while this stance has been taken by the Parliament, if no agreement is reached by March 29, scheduled Brexit day, the UK would be leaving without a deal.
However, Parliamentarians will be returning to the House today, March 14, to cast their votes to delay the expected March 29 exit, in hopes of using the extension to strike a deal.
The ‘deal’ in question is a withdrawal agreement as to how much money the UK will have to pay the EU in order to break the partnership, as well as the future of UK citizens who reside in EU states outside of the UK, and other EU citizens residing in the UK, among other issues.
The BVI has been paying keen attention to Brexit, as the exodus of the UK from the EU has negative implications for the Territory.
As a result of the BVI being a UK Overseas Territory, citizens enjoy vias-free travel to 28 EU member countries, as well as certain tax services when it comes to trade.
The Territory has also benefited immensely from funding and grants from the EU to push development in the BVI.