Sterling gains as lawmakers expected to vote against no-deal Brexit

The Brexit Chaos Just Got Even Worse After A Key Vote Failed In Parliament

The Brexit Chaos Just Got Even Worse After A Key Vote Failed In Parliament

But by the Government's own admission, in the motion it has laid before Parliament, what these new UK/EU compacts do is "reduce the risk the UK could be held in the backstop indefinitely" but they do not eliminate it.

Theresa May suffered a crushing defeat in the House of Commons yesterday.

A no-deal departure would cause chaos at the border and trigger at least a short-term economic shock.

After a day of high drama, lawmakers voted by 321 to 278 in favor of a motion that ruled out a potentially disorderly "no-deal" Brexit under any circumstances.

The EU is most likely to agree to a short extension for Britian to leave the EU after March 29, possibly through to May before elections to the European parliament are held.

May had called the revised deal "improved" following her meetings with Juncker, and she said that while members of Parliament would still have concerns, real progress had been made.

"The party is going to be fundamentally divided over this".

"We can remove the imminent threat of no-deal hanging over us tonight.we have huge opportunities ahead of us".

But instead, on Wednesday MPs outright rejected leaving with no deal, passing a cross-party amendment by 312 votes to 308 - a majority of just four.

"Everything is up in the air as a result of today's vote", said Mr Hart, one of the leaders of the Brexit Delivery Group. It says the Government should then offer a "standstill" agreement with the European Union and its member states, lasting up to the end of 2021 at the latest, during which the United Kingdom would pay into European Union budgets and observe legal obligations while a permanent relationship is negotiated.

"I think it's most important that she does carry on ..."

Tabled by the Scottish National Party's Angus MacNeil and backed by europhile MPs including Tory grandee Kenneth Clarke, Labour's Keith Vaz and Plaid Cymru's Westminster leader Liz Saville Roberts, this amendment calls on the Government to halt Brexit by revoking its notice of intention to leave under Article 50 of the European Union treaties.

Mrs May and her ministers repeatedly warned before Tuesday's vote that defeat could lead to opponents of Brexit taking control of the process and pushing for a second referendum. It was the largest defeat for a British government in Parliament in modern times.

"I want to leave the European Union with a good deal, I believe we have a good deal", May, who is battling a cold, said.

If a longer extension was sought, that would mean taking part in the elections, something likely to fuel Eurosceptic anger - and potentially see Nigel Farage standing for the new Brexit Party. That is the question that needs to be posed to which we expect an answer.

The prime minister confirmed that that a vote on extending Article 50 will take place as promised tomorrow.

Pro-EU lawmakers are pushing for a second referendum on Brexit. "Or does it want to leave with a deal but not this deal?"

But if there is a no-deal Brexit, things are a lot more uncertain - the Government has been ramping up preparations to try to prevent shortages of food and medicine amid fears that increased bureaucracy will clog up key ports where goods arrive from the Continent. They wanted a time limit put on the backstop or an amendment that would allow the U.K.to unilaterally revoke it. "We won't know what conditions will be attached", Brexit minister Stephen Barclay told BBC radio.

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