Pound jumps, Asian shares rise after changes to Brexit deal

Pound jumps, Asian shares rise after changes to Brexit deal

Scrambling to plot an orderly path out of the Brexit maze just days before the United Kingdom is due to leave on March 29, May rushed to Strasbourg to agree additional assurances with European Commission President Jean-Claude Juncker.

The aim of the deal is to overcome a major roadblock in the negotiations: the now infamous Irish backstop. That would give her a little more time for negotiation, but it also might spell the end of her office.

"Tomorrow the House of Commons will debate the improved deal that these legal changes have created".

A second Commons vote on the PM's Brexit deal will go ahead on Tuesday, ministers have insisted, as Labour said the government was "in chaos".

But MPs on all sides in London were swift to condemn it for a variety of reasons, and it was rejected in January by 432 votes to 202.

The margin of defeat could be even worse this time, because her strategy of brinksmanship, which the Prime Minister has tried to hold for more than two years, has all but fallen apart.

"There is a widely held view that the United Kingdom has not been negotiating in good faith over the last few days", he said, adding that at least one diplomat had mentioned planning for a "post-Theresa May government". But the great majority of lawmakers, including most Conservative members of Parliament, will vote against a no-deal Brexit because they believe it would be economically damaging and disruptive.

But May's spokesman, James Slack, said "talks are ongoing" at a technical level, and there is "a shared determination by both sides to find a solution".

The United Kingdoms labyrinthine crisis over European Union membership is approaching its finale with an extraordinary array of options including a delay, a last-minute deal, no-deal Brexit, a snap election or even another referendum.

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The three-part package of changes effectively aims to resolve a key sticking point for British MPs over the so-called backstop plan to keep open the border between European Union member Ireland and the British province of Northern Ireland. That provision will be legally binding, Lidington said.

This vote is likely to see no deal taken out of the Brexit equation - leading to a third vote on Thursday for Brexit to be delayed altogether.

Ahead of Tuesday's so-called meaningful vote on May's Brexit deal with the E.U., Hunt warned that some MPs are seeking to shut down the deal in order to delay Britain's departure, which could reflect poorly on the ruling Conservative party.

Britain's main opposition Labour Party also came out against the agreement.

Labour MP Pat McFadden said any vote had to be on the Brexit deal, as now constituted, and not a version of the deal ministers might hope to end up with after further talks with the EU.

May promised lawmakers two weeks ago they would get a second vote on the deal by March 12, but hard-line Brexit supporters are warning she should postpone the vote rather than risk another crushing defeat.

May warned last week that any delay could mean "we may never leave the European Union at all". She survived a bid to oust her through a no-confidence vote in December.

For the Prime Minister herself, what happens this week will decide her own future.

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