Boris Johnson

Boris Johnson: U.K. has crossed the Brexit finish line now bill is ratified

: British Prime Minister Boris Johnson leaves 10 Downing Street ahead of the weekly PMQs session on January 22, 2020 in London, England.
British Prime Minister Boris Johnson leaves 10 Downing Street on Wednesday. Photo: Peter Summers/Getty Images

Britain's Brexit bill now only needs royal assent after lawmakers in the U.K.'s parliament ratified the legislation on Wednesday.

Why it matters: The ratification of the bill effectively ensures the U.K. will leave the European Union on Jan. 31.

Brexit is happening: U.K. Parliament gives final approval

Boris Johnson
Boris Johnson. Photo: WIktor Szymanowicz/NurPhoto via Getty Images

The U.K.'s House of Commons voted 330-231 in favor of the European Union withdrawal agreement negotiated by Prime Minister Boris Johnson.

Why it matters: The bill must still be passed by the House of Lords, but the Commons' approval essentially ensures that Brexit will happen on Jan. 31. The passage of the bill after three years of deadlock is a result of the landslide victory Johnson's Conservative Party won in last month's snap election.