Published: Thu, February 14, 2019
Global News | By Stacy Ballard

May to MPs: We need to hold our nerve on Brexit talks

May to MPs: We need to hold our nerve on Brexit talks

However, May said both sides agreed their officials would continue talks on a Brexit deal. The Prime Minister has been very clear that we are committed to leaving on March 29'.

Brexit is scheduled for March 29 and British Prime Minister Theresa May has not been able to finalise an arrangement with the bloc after her deal was rejected by the British Parliament with overwhelming majority in January.

May's political opponents accuse the government of deliberately running down the clock until politicians face a last-minute choice between her deal and no deal.

May told Parliament on Tuesday if she had not yet reached a deal in Brussels, she would deliver another progress report on February 26 and provide another chance for parliament to express its opinion on her approach the following day.

For his part, Bank of England chief Mark Carney warned that leaving the European Union without a transition deal "would be an economic shock for this country", and said Brexit was an "acid test" of the globalised economy.

"We now all need to hold our nerve to get the changes this house has required and deliver Brexit on time", May is due to tell MPs.

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The result of the vote will be purely symbolic, as it will not be legally binding, but a defeat would be a setback for Mrs May as she tries to persuade Brussels to change.

May sought to buy time, telling lawmakers they would get another chance to alter her course on 27 February if she had not secured changes to the Brexit deal by then.

"We must agree a deal that this house can support and that is what I am working to achieve", she told the House of Commons.

According to Benjamin Martill, a Dahrendorf Forum post-doctoral fellow at the London School of Economics researching UK-EU relations, Corbyn has positioned Labour as the "party of the customs union" partly because "it's a good halfway position" that would gather support from some of those opposed to Brexit who would see it as a better option than May's plan, and partly "because it crosses the Conservative party's red lines".

Theresa May and the European Union are heading for a high-stakes, last-minute gamble that will decide whether the United Kingdom leaves the bloc with or without a deal, people familiar with both sides said.

Mark Francois, vice-chair of the ERG, told the BBC: "We can not vote for this as it is now configured because it rules out no deal and removes our negotiating leverage in Brussels".

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House of Commons leader Andrea Leadsom, who is in charge of the parliamentary timetable, denied the government was wasting time.

Cooper said her bill would require May and parliament to resolve by the middle of March whether Britain is leaving the European Union with a deal, leaving without a deal or seeking an extension to the deadline.

Brexit debate will reopen in Parliament tomorrow, though, giving lawmakers the opportunity to propose alternatives to Ms May's deal.

"She is playing for time, and playing with people's jobs, our economic security, and the future of our industries", he said.

Business leaders have argued that a no-deal Brexit would spell disaster for the UK's economy. Figures released Monday showed that Britain's economy slowed past year to its joint-slowest annual rate since 2009, with business investment declining for four straight quarters.

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