The EU cannot accept that the Netherlands protocol is illegally scrapped — Maros Sefcovic

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Sefcović from the EU he said the EU cannot accept the Northern Ireland protocol being illegally scrapped. He has explained that zero controls on trade between Great Britain and Northern Ireland “are not an option.”

The Northern Ireland Protocol Bill passed its first reading with 295 votes in favor and 221 against, despite harsh criticism from some Conservative MPs, including former Prime Minister Theresa May, who said the measure It is illegal and unnecessary.

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The second reading was the first chance MPs had to vote on the controversial proposals, which Foreign Secretary Liz Truss said were “lawful and necessary”. Boris Johnson predicted on Monday that the laws could be passed “quite quickly” and be on the law books by the end of the year. It is now expected to be fast-tracked through Parliament, with a condensed committee phase of just three days, rather than the usual two or three weeks.

News related to this situation is considered negative for the pound.

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Source: Fx Street

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