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Briferendum Aftermath Series: Article 50 legislation passes House of Commons

Last night, British Prime Minister Theresa May’s government was able to pass the Article 50 legislation successfully through the House of Commons. It was a big bi-partisan win for the government. The government has a majority in the House of Commons with 384 legislators but won with a 498-114 majority. This bill gives power to the government to trigger Article 50. The country’s Supreme Court ruled that the government doesn’t possess the power to trigger Article 50 of the Lisbon Treaty and must seek the approval of the parliament in Westminster.

After the Supreme Court’s decision, we at FxWirePro suggested that the ruling is unlikely to change the course or the disclosed timeline of Brexit and the smooth passing of the bill is pointing to hat direction. If it continues like this, the bill would pass the House of Lords too and the government would be all set to trigger the Article 50 by the end of March this year and officially begins the Brexit process.

Opposition Labour Party leader Jeremy Corbyn reportedly called on the members of his party to respect the decision by the people. The debates on the bill are likely to continues, especially on the Government’s approach towards Brexit and the bill is expected to pass through the House of Lords by March 7th.

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