Theresa May's purpose in proposing to give up to three months for Parliament to vote on Brexit is to prevent the United Kingdom from leaving the European Union without having reached an agreement. This change of position by Theresa May came after threats of a mass resignation by ministers, and the request for a second referendum by the Labor Party, on the permanence of Great Britain in the European Union.
The pound sterling was quoted at its highest level since 2017, which reduced investors' fear of a trade blockage, thus calming uncertainty in the face of possible financial chaos. For the leader of the Labor Party, Jeremy Corbyn, it is nothing more than an attempt by the Prime Minister to continue delaying Brexit in a way considered by him, to be imprudent.
Theresa May offers to parliamentarians
According to the BBC, Theresa May offered parliament a vote, including the changes that have been made in its negotiation with the European Union, in a process to be held on March 12. If this vote fails, parliamentarians will be offered two votes in the following days.
In the first, it would be voted in favor of a Brexit without having reached any kind of agreement.
In the second vote, which would be held before March 14, the extension of the negotiation process for two more years, Article 50, would be requested, which would delay the withdrawal of the United Kingdom from the European Union.
Theresa May has said she does not want Brexit to be delayed any longer, and that they should be focused on ensuring that it arrives on March 29 and that there is an agreement that allows the United Kingdom to formalize its withdrawal. For her, any delay that is made should not be prolonged until the month of June, and this is the only delay that is made in this regard.
The implications of May's proposal and the reactions it provoked
CNN reported that the proposal submitted by Theresa May seeks to win more time, given the threat of rebellion, offering parliamentarians the possibility of rejecting a Brexit without an agreement, and thereby delay the departure from the European Union for a period of time.
The rebellious ministers endorse a parliamentary amendment proposal, which would force May to establish a new date for Brexit. It must be taken into account, that any delay that occurs can weaken or revert Brexit. This would be a waste of time and is what everyone wants to avoid. However, you will have to wait for the result of the possible agreements.