How will Theresa May manage a no-deal Brexit without any cash?

She doesn’t know either: This is the closest shot I have to Mrs May shrugging, and the spoof slogans behind her just happen to be entirely appropriate.

Theresa May has been fond of saying Brexit will be carried out according to her deal or no deal – but she could be robbed of any choice on Tuesday (January 8).

That’s when MPs will vote on amendments to the Finance Bill (remember the Budget?) that will deprive the Treasure of the ability to spend any money on a “no deal” Brexit.

It is possible the Treasury will also be stripped of other powers that have not been defined, which could be used for emergency interventions in the event of no deal.

This means that, as she goes into a week of debate leading up to the “meaningful vote” on her duff Brexit deal, Mrs May could be between a rock and a hard place.

If Parliament doesn’t approve her deal – after depriving her of the ability to accommodate no deal – she will be backed into a corner and it seems likely she would have to call an election.

But she wants to keep power as long as she can.

So, what’s the betting she’ll withdraw the meaningful vote again?

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5 thoughts on “How will Theresa May manage a no-deal Brexit without any cash?

  1. Jenny Hambidge

    May said today that the vote would “definitely” take place on Jan 15th. Like she said there would be no general election in 2017 etc

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