Strategy & economics

In charts: what happens if the Brexit deal is passed or rejected

With just days to go until Parliament votes on the Prime Minister’s proposed Brexit agreement, we set out a possible sequence of events


Janet Mui

Janet Mui

Global Economist

Fears are growing that Prime Minister Theresa May will face a heavy defeat when her Brexit deal is put before Parliament on December 11.

MPs on all sides have declared their opposition to the proposed agreement, including DUP MPs upon whom she has depended since the last election for her majority.

What would a defeat mean in terms of possible future outcomes?

This flowchart explains the various stages that the agreement would need to pass through in order for the UK to enter the “transition” stage.

It also speculates as to what might happen if, as many expect, the deal is rejected by MPs next month.

You can find more specific information about how the various outcomes might impact portfolios here.


Janet Mui

Janet Mui

Global Economist

Janet is an Economist working in the Investment Strategy Team and a CFA charterholder. She joined in 2011 and previously worked in Citi Hong Kong as an analyst in Global Portfolio Management and subsequently as a relationship manager to multi-national clients. Janet graduated with a BSc in Economics from the London School of Economics (first class honours), holds an MBA in Finance from the University of Cambridge and obtained a Postgraduate Certificate in Econometrics from Birkbeck College, University of London.

This article is issued by Cazenove Capital which is part of the Schroders Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. 

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This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements.

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