Tags: EU | Brexit | The Latest

The Latest: Pound Slides on Report of UK Parliament Block

The Latest: Pound Slides on Report of UK Parliament Block

Wednesday, 28 August 2019 05:38 AM EDT

LONDON (AP) — The Latest on reports that Britain's leader will suspend (all times local):

10:15 a.m.

The British currency has fallen sharply on reports that the government wants to suspend Parliament to quash lawmakers' efforts to prevent a no-deal Brexit.

The pound fell to $1.2187 on Wednesday from about $1.2300 the day before, a sign that investors are more alarmed by the prospect of Britain falling out of the European Union on Oct. 31 without a divorce deal.

A so-called no-deal Brexit would see the return of border checks and tariffs on trade between Britain and the rest of the EU, its greatest trading partner.

The BBC reported that Johnson will use the Queen's Speech — normally a formality that outlines the legislative agenda — to suspend Parliament. The decision to hold the speech on Oct. 14 will be made later today.

The timing means that lawmakers would be unlikely to have enough time to pass laws blocking the U.K.'s exit from the European Union without a negotiated deal.

10 a.m.

British opposition lawmakers are reacting with fury to reports that Prime Minister Boris Johnson will seek a suspension of Parliament to hamper efforts to quash a no-deal Brexit.

The BBC reported that Johnson will use the Queen's Speech — normally a formality that outlines the legislative agenda — to suspend Parliament. The decision to hold the speech on Oct. 14 will be made later today.

The timing means that lawmakers would be unlikely to have enough time to pass laws blocking the U.K.'s exit from the European Union without a negotiated deal.

Scotland First Minister Nicola Sturgeon tweeted: "So it seems that Boris Johnson may actually be about to shut down Parliament to force through a no deal Brexit. Unless MPs come together to stop him next week, today will go down in history as a dark one indeed for UK democracy."

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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The Latest on reports that Britain's leader will suspend (all times local):10:15 a.m.The British currency has fallen sharply on reports that the government wants to suspend Parliament to quash lawmakers' efforts to prevent a no-deal Brexit.The pound fell to $1.2187 on...
EU,Brexit,The Latest
309
2019-38-28
Wednesday, 28 August 2019 05:38 AM
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