EUROPE - EU leaders have warned British MPs that Prime Minister Theresa May's Brexit deal is the "only deal possible" after approving it at a summit in Brussels on Sunday. But what will happen if the UK Parliament rejects the deal? The 27 EU leaders said today they won’t start new negotiations if Mrs May loses the vote in parliament, which is due to take place on December 12.
At a press conference today, Jean-Claude Juncker, the EU commission president, seemed to rule out making changes to the agreement if British MPs veto the deal. Speaking in Brussels today, Mrs May claimed MPs will create “division and uncertainty” if they reject her deal, but she didn't expand on what would happen next if that happens. The UK could leave with no deal when the withdrawal deadline hits on March 30, 2019, if MPs vote down Mrs May's only deal.
This means there would be no transition period and a huge amount of uncertainty on the future relationship between the EU and UK. If there's no arrangement in time, the UK could lose 70 international trade deals and lose access to EU criminal databases. British farmers would face a nine-month wait for approval to export organic goods to the EU and fishermen could be blocked from EU waters.
If the Brexit deal is voted down in Parliament, this may also be seen as a vote of no-confidence in Mrs May. Another General Election may take place as a result, even though it could cause a bigger split in an already divided Conservative Party. The Tories lost their overall majority in Mrs May's snap election in 2017, so may not fare well next time either.