Overview

This bill mandates the Prime Minister to revoke the UK's notification to leave the European Union unless two conditions are met: Parliament approves a withdrawal agreement by a specified date (or an extension is granted), and a subsequent referendum confirms public support for that agreement.

Description

This bill outlines the circumstances under which the UK's Brexit notification will be revoked. It sets two key conditions:

Condition 1: Parliamentary Approval

A withdrawal agreement must be approved by Parliament by January 21st, 2019, or an extension to Article 50 must be agreed by that date. If this condition is not met, the Prime Minister must revoke Article 50.

Condition 2: Referendum Approval

If a withdrawal agreement is approved by Parliament, a referendum must be held within 90 days (or at a later date if a referendum is not held within the 90-day period), presenting two options: agreeing to the withdrawal agreement or remaining in the EU. If a majority of voters don't support the agreement in this referendum, Article 50 must be revoked.

Repeals

If either condition for revocation is met, several Acts related to Brexit are repealed, including the European Union (Notification of Withdrawal) Act 2017 and the European Union (Withdrawal) Act 2018. This also affects several other acts relating to trade, transportation, and nuclear safeguards.

Government Spending

The bill doesn't directly specify any changes to government spending. However, revoking Article 50 and remaining in the EU would likely lead to continued contributions to the EU budget and possibly increased spending to accommodate EU regulations and policies. Conversely, leaving the EU might lead to savings in budgetary contributions but would also likely involve significant spending on preparing for a future outside of the EU.

Groups Affected

This bill significantly affects various groups:

• The Government: The Prime Minister is directly tasked with revoking Article 50 under specific conditions.
• Parliament: Parliament's role is crucial in approving or rejecting a withdrawal agreement.
• The Public: The public is directly involved in the referendum and its outcome determines whether Article 50 is revoked.
• Businesses: The outcome will significantly impact businesses in various sectors due to the uncertainty surrounding the UK's relationship with the EU.

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