Former UK PM Cameron says he has misgivings about Brexit move

Former UK PM Cameron says he has misgivings about Brexit move

UK Prime Minister Boris Johnson, who has a majority of 80 in the lower house of parliament, is facing a growing revolt over a bill that would break global law by breaching parts of the Brexit divorce deal and that Brussels says will wreck trade talks.

"It's a protection, it's a safety net, it's an insurance policy and it's a very sensible measure", he said, adding he had no desire to use the measures.

A number of politicians from Johnson's governing Conservative party have threatened to oppose the bill.

The EU has ramped up preparations for a no-deal Brexit, which would be chaotic for business, markets and almost $1 trillion in annual trade. Without special dispensation, London-based clearing houses, which act as the middle man in financial trades, would be blocked from handling euro-denominated derivatives after the post-Brexit transition period expires at the end the of year.

Johnson, who has a majority of 80 in the lower house of parliament, faces a growing revolt from some of his own lawmakers.

"No British minister should solemnly undertake to observe treaty obligations with his fingers crossed behind his back", Cox said in The Times newspaper. "The breaking of the law ultimately leads to very long-term and permanent damage to this country's reputation".

As part of the Brexit divorce deal, Britain and the European Union agreed to keep Northern Ireland - the only part of the U.K.to share a border with the bloc - bound to some European Union rules on trade, to avoid the need for border checks on goods moving between Northern Ireland and the Republic of Ireland.

He pledged that there would be no return of a hard border in Northern Ireland.

Johnson accuses the European Union of threatening to use the withdrawal treaty agreed in January to put up trade barriers between mainland Britain and Northern Ireland, and even to impose a food blockade, the latest brinkmanship of a four-year saga since Britain voted narrowly to leave the bloc.

But EU leaders have dismissed this as "spin" and warned Johnson to uphold commitments he himself made in the Brexit treaty a year ago - demanding he withdraw the offending parts of the new bill by the end of September.

The bill has also come under attack from a number of former British prime ministers, including Labour's Tony Blair and Conservatives John Major and Theresa May. David Cameron has this morning also expressed "grave misgivings" about the Bill.

Conservative MP Rehman Chishti has quit over the bill. He tweeted Monday that as a former lawyer, "values of respecting rule of law & honouring one's word are dear to me". That declaration of victory was key to Johnson's successful December 2019 election campaign.

Even some Brexit-backing Tories are unhappy, with one, Charles Walker, saying: "I'm no fan of the European Union. but surely we have to exhaust all other options before we press the nuclear button".

Johnson's decision to rip up part of an worldwide agreement he signed less than a year ago has already pitched the Brexit negotiations into turmoil.

Talks are due to continue this week in Brussels despite the chill in relations.

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