*By Chloe Aiello* British Prime Minister Theresa May finally garnered European Union support for her Brexit plan, but unrest at home threatens to dismantle negotiations ー and lawmakers have warned there is no plan B. "The worst case scenario for many, particularly for anyone who is a 'Remainer,' is that we leave the EU without a deal in place at all," Ayesha Javed, Deputy Editor of The Wall Street Journal's WSJ City, told Cheddar on Monday. The 585-page deal is designed to keep the United Kingdom within the EU's economic orbit through a transitional period, after which those ties will slowly weaken. The deal includes provisions to prevent a hard border in Ireland, [according to the Guardian,](https://www.theguardian.com/politics/2018/nov/14/theresa-mays-brexit-deal-everything-you-need-to-know) and guarantees some legal protections for the millions of EU citizens living in the U.K. and vice versa. Much of the focus of the deal has been on goods, rather than on financial services, Javed added, and details concerning trade and securities must still be ironed out. "The idea is to keep trade as friction-less as possible, although that seems unlikely to happen," she added. By approving May's plan in Brussels on Sunday, the European Union lawmakers implicitly threw their support behind May, as she works to ensure U.K. Parliament votes to approve the agreement on Dec. 12. She faces tremendous opposition. "There are lawmakers, for example on the opposition Labour side, who say that the deal goes too far. Some are still pushing for a second referendum. There are others within Theresa May's Conservative Party who say that the deal doesn't go far enough," Javed said. "Some say that this deal is the worst of all worlds. And others say this is just a compromise that Theresa May has had to come up with." EU leaders have warned there is no alternative to the negotiated deal. If U.K. Parliament slaps it down, a few different things could happen. In the event the deal dies in Parliament, May could request more time from the EU, although Javed said she doubts an extension would be approved. Alternatively, May could face a leadership challenge from within her own party. Lastly, "Remainers," or those who prefer the U.K. remain part of the EU, could opt for another referendum on Brexit. That, Javed said, would be "an extreme scenario," because in pushing for a referendum, the U.K. could ultimately end up leaving the EU with no deal at all. A no-deal Brexit would "cause huge disruption at the borders, it would mean tariffs and checks at the borders, and all sorts of unforeseen circumstances, and so that's something that a lot of lawmakers are very keen to avoid," Javed said. "So while many might try to hold out for another referendum, it could go entirely the other way," she added. The U.K. is scheduled to officially leave the EU on Mar. 29, 2019.

Share:
More In Politics
The Black Student Debt Crisis and the Racial Wealth Gap Divide
Student loan debt continues to be a major concern for tens of millions of Americans who collectively owe about $1.7 trillion. Black college students often take on larger amounts of student debt in order to pay for a higher education. In turn, they are more likely to struggle post-graduation with repaying their debt, creating a racial wealth gap divide. Andre Perry, senior fellow at Brookings Institution joined All Hands to help break down the black student debt crisis.
President Biden on Shutting Down Iron Pipeline to Prevent Gun Violence in NYC Visit
After two NYPD officers were killed with an illegal gun, President Biden made a trip to New York City to speak on the issue of gun violence fed by the "iron pipeline" of illegal firearms that make their way from the South to the Big Apple. Kris Brown, the president of the gun violence prevention organization Brady United, joined Cheddar to discuss what this visit from the president could mean for the future of gun laws in America. "He's asked Congress to pass things like expanding the Brady background check system, but with the filibuster a barrier to so much action right now in the Congress, he's looking at solutions that involve funding at the federal level and really involve enforcement."
Economy Appears to Be Back on Track in 2022 With Job Growth
Following the surprising big beat on estimates for the January jobs report, William M. Rodgers III, vice president and director of the Institute for Economic Equity at the Federal Reserve Bank of St. Louis, joined Cheddar News to break down the data. “We ended 2021 with a strong crescendo to a recovery that had taken hold, and we started 2022 in good fashion." He also discussed the dueling pressures of wage growth and inflation.
Justice Stephen Breyer to Retire
Jessica Mason Pieklo, senior vice president and executive editor of the Rewired News Group and co-host of the podcast. "Boom! Lawyered," joins Cheddar Politics to discuss Justice Stephen Breyer's retirement, legacy and potential replacement on the Supreme Court.
Student Borrowers Anxious for Payments to Resume in May
The Biden administration delivered a temporary win for student loan borrowers this year by extending the moratorium on federal payments for a few more months. That moratorium is coming to an end on May 1st and borrowers will again have their monthly loan payment plopped in their lap. Stephanie Vanderslice, a creative writing professor paying off debt through the Parent Plus program, and Mike Pierce, executive director of the Student Borrower Protection Center, join Cheddar Politics to discuss.
The Legacy of Justice Stephen Breyer
2022 was already going to be a big year for the Supreme Court. We have decisions on major issues like abortion and gun rights on the way. Then, Justice Stephen Breyer announced his retirement and that set up a major confirmation fight for later this year. Amy Howe, co-founder of SCOTUSblog, joins Cheddar Politics to discuss.
White House Economic Adviser on January Job Growth, Wages vs. Inflation
The Labor Department released a better-than-expected report of 467,000 jobs added in January. Heather Boushey, Council of Economic Advisers Member for President Biden, joined Cheddar to tout the administration's handling of the economy amid the pandemic and the upward revisions for the previous month. "It also shows that, because of the revisions, the economy was stronger over the past couple of months," she said. "I don't think that this can be said enough, but economic forecasting during an historic pandemic is extremely difficult." Boushey also addressed issues involving wage growth versus the rapid rise of inflation.
'Stellar' January Jobs Report Shows Much Ground Recovered Since Start of Pandemic
The Labor Department's January jobs report showed 467,000 jobs were added, compared to the 150,000 that were projected, a sign that employment is continuign to return to pre-pandemic levels. Lindsey Piegza, chief economist at investment bank Stifel, joined Cheddar to break down the report, noting the big gains but adding a note of caution. "Remember, even with this morning's stellar report, we're still millions below that level that we had reached prior to the onset of COVID-19," she said." Yes, we are recapturing jobs. We still have further ground that needs to be made before we can talk about reaching that previous peak." Piegza also discussed the role of the Federal Reserve going forward as the employment figures turn more positive.
Load More