12/20/2019, 3:33 PM (Source: TeleTrader)
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UK Parliament backs Brexit bill at second reading

The United Kingdom Parliament voted in favor of Prime Minister Boris Johnson's European Union Withdrawal Agreement Bill (WAB) at its second reading as 358 MPs backed the bill, while 234 lawmakers opposed it.

The latest Brexit bill was published on Thursday and, unlike earlier versions, it rules out any potential extension of the transition period beyond December 2020.

The WAB will now move to the committee stage, followed by the so-called report stage and will then be brought to the Commons for a third reading and a final vote before it is handed over to the House of Lords. The bill will have to be passed into law by the UK before January 29 in order to allow the EU to ratify the Brexit agreement before Britain's deadline to exit the bloc on January 31.

Breaking the News / NP