by Smouldering Stoat » Sun Feb 11, 2018 7:53 pm
Parliament may not bind itself, and may therefore (a) pass an Act denouncing an international treaty in accordance with the Vienna Convention, or in accordance with the provisions for withdrawal contained in an individual treaty*, or (b) requiring the executive to default on the UK's debts (or, refusing to provide the funds to the Government to meet those debts). So far as I am aware the UK has not defaulted on its sovereign debt for some centuries, but clearly there is a risk that might happen and the cost of that debt rises and falls in line with that risk.
*If only there were a recent example of this we could refer to.