It’s time to Stop the Clock and revoke Article 50.
After another tumultuous week in Parliament and following the EU summit last night, the Prime Minister now has until the end of next week to get the Withdrawal Agreement through Parliament. If that fails again, the European Council has given us three options: leaving the EU without a deal, a long extension or revoking Article 50.
The best way to avoid no deal is to stop the clock and revoke Article 50. Revoking Article 50 does not take any option off the table. It simply gives the Government time to find a way forward that can command Parliamentary support without an arbitrary deadline. We think this makes more sense than trying to negotiate a long extension (although such an extension would clearly be better than crashing out). And if Parliament cannot agree on an approach that does have sufficiently broad support then the only sensible option is to take the decision back to the people.
While London First was initially a lone voice on revoking Article 50, our position is increasingly gaining traction with the Financial Times as reflected in a recent editorial article, parliamentarians from across the political spectrum, including Lord Adonis who has confirmed his intention to move for revocation in the Lords, and the public — as evidenced in the online petition with over 3 million signatures that has been lodged with Parliament.
A no deal would be disastrous for the British economy and now is the time to choose: it is either the Withdrawal Agreement or stopping the clock on Article 50.
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