The daily business briefing: March 13, 2019

British Parliament rejects Theresa May's Brexit plan, Europe grounds Boeing's popular 737 Max 8 jets, and more

Theresa May leaves Downing Street
(Image credit: Leon Neal/Getty Images)

1. British Parliament rejects May's Brexit plan

Britain's Parliament on Tuesday overwhelmingly rejected Prime Minister Theresa May's plan for the U.K.'s exit from the European Union in the latest in a series of embarrassing defeats for the British leader. Lawmakers voted 391-242 against the deal despite last minute concessions May got from the EU to guarantee that the U.K. wouldn't be indefinitely bound by European regulations under provisions to prevent a hard border with Ireland. The so-called Irish backstop would keep the U.K. in a customs union with the EU until a permanent new trade deal is in place. The vote deepened the chaos surrounding Brexit just 17 days before the U.K. is scheduled to officially leave the European trading bloc. Parliament votes Wednesday on whether to leave the EU with no deal.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.