The UK Parliament rejected Prime Minister Theresa May's proposed withdrawal agreement for Britain's departure from the EU. The proposed agreement was defeated by 230 votes. Members of Parliament voted 432 to 202 against the deal.
The European Commission and UK negotiators had issued a draft of the terms of the UK's exit from the EU on November 25, 2018. In addition, the UK and the EU had prepared a political declaration on a "future framework" for the relationship between the UK and the EU.
Commentary / Assia Damianova
The fact that the UK Parliament failed to approve the withdrawal agreement and declaration increases the risk of a disorderly Brexit. The uncertainty for many industries, including financial services, continues.
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