Overview

This bill mandates the Prime Minister to revoke the UK's notification to leave the European Union unless two conditions are met: parliamentary approval of a withdrawal agreement by a specified date (or during an agreed extension) and a subsequent referendum where a majority votes in favor of that agreement.

Description

The bill outlines a two-stage process for revoking Brexit. Firstly, a withdrawal agreement must be approved by Parliament by January 21st, 2019, or during an extension granted under Article 50(3) of the Treaty on European Union. Secondly, a referendum must be held within 90 days of parliamentary approval (or sooner if a referendum is held earlier). This referendum presents two choices: approving the withdrawal agreement, or remaining in the EU. If a majority doesn't support the agreement in the referendum, the Prime Minister must revoke Article 50 notification, stopping Brexit. If either condition isn't met, the Prime Minister is required to formally revoke the Article 50 notification. The bill also repeals several Acts passed in preparation for Brexit if Article 50 is revoked.

Government Spending

The bill doesn't directly specify government spending. However, revoking Brexit would likely entail significant costs associated with unwinding preparations for leaving the EU and potentially re-joining EU programs and regulations. No precise figures are provided in the bill itself.

Groups Affected

• The Government: The Prime Minister would be directly bound by the bill's requirements.
• Parliament: Parliament's role in approving a withdrawal agreement becomes crucial.
• The UK Population: The public would be affected through participation in the referendum and the ultimate outcome of Brexit.
• Businesses: Businesses would be impacted depending on whether the UK remains in or leaves the EU.
• The European Union: The EU would be affected by the UK's continued membership or departure.

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