Published: Tue, March 12, 2019
Global News | By Blake Casey

Revised Brexit deal ‘is the best possible — Top EU official

Revised Brexit deal ‘is the best possible — Top EU official

Prime Minister Theresa May said she "passionately believed" in her Brexit deal and had now addressed the concerns raised by Parliament in January over the Northern Irish backstop. "The political uncertainty since the referendum and failure to reach a deal has forced firms to prepare for the worst and put their contingency plans into action".

Or whether it votes to postpone Brexit.

Europe's busiest short-haul airline said that it was taking the action to ensure that in the event of a no-deal Brexit, its majority ownership would remain in the hands of European Union investors, a stipulation under Brussels laws to retain a flying licence.

Here's what you need to know about the week ahead.

The first of the votes comes tomorrow.

But Labour leader Jeremy Corbyn said there had "not been a single change" to the agreement since it was heavily defeated by MPs in January and it was still a "bad deal".

May said new documents to be added to the deal provided "legally binding changes" to the part relating to the Irish border. Remaining inside a customs arrangement would prevent the United Kingdom from striking new trade deals with other nations. It is the main sticking point for the majority of British lawmakers. May has promised Britain will leave the European Union whatever happens on March 29, but many MPs fear that a "no deal" exit would wreak economic havoc.

Britain's beleaguered prime minister would declare a personal victory and the United Kingdom would enter a transition period until the end of 2020. From the time news broke that Mrs. Rumors are now swirling that May could try some parliamentary maneuvers to prevent any meaningful vote from taking place.

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While May has said she wants to stay on in power to deliver a domestic legacy, the votes in Parliament this week might determine the length of her remaining time in Downing Street. "Whether they listen or not is another matter", a senior member from the Conservative Party told the newspaper.

Announcing the breakthrough in Britain's House of Commons, Cabinet Office Minister David Lidington said lawmakers faced "a fundamental choice ... to vote for the improved deal or to plunge this country into a political crisis". "We are committed to ratifying this deal before 29 March".

It's unclear what a couple more days would do anyway.

"Today we have secured legal changes", Ms May told reporters after the talks with Mr Juncker and the European Union's chief negotiator Michel Barnier. In the unlikely event she pulls it off, markets will rally.

Is Brexit going to be delayed?

She has already survived votes of no confidence by her own party and Parliament as a whole. Even her many detractors in the party have been reluctant to dump her in the midst of Brexit negotiations.

Lawmakers will spend several hours on Tuesday debating the prime minister's deal.

But, many ministers are opposed to a no-deal exit, meaning May could face resignations from her government if she asks lawmakers to back that policy. As a result, she can not be forced from office for a year.

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