Economics

Brussels Edition: A Rocky Ride

Photo Illustration: Tom Hall/Bloomberg

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Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. Sign up here to get it in your inbox every weekday morning.

Since the U.K. voted to leave the European Union two-and-a-half years ago, there have been several crunch moments in the Brexit journey. Few have been as dramatic as tonight's House of Commons vote on the deal, described yesterday as a "damaging shambles" by opposition leader Jeremy Corbyn. It's hard to find anybody who thinks Prime Minister Theresa May will win the backing of lawmakers for the Withdrawal Agreement. So what then? Many on both sides now expect Article 50 to be extended and Brexit delayed beyond March 29. The EU's next move will be determined by the scale of May's defeat and what approach she takes in the days to come. Whatever happens, it's going to be a rocky ride.