Economy

Brexit briefing: PM seeks to delay April 12 Brexit day

Brexit briefing: PM seeks to delay April 12 Brexit day

But the divorce deal she negotiated with the European Union was rejected by Parliament three times, leaving Britain less than two weeks by a no-deal Brexit which could lead to turmoil for businesses and individuals.

The Government, she wrote to her Tory colleagues this morning, would have "preferred" to get the Brexit deal through the House of Commons on the back of Conservative and DUP votes.

"What I want to see now is us able to find a position where we can across this House (of Commons) support the Withdrawal Agreement and a deal which enables to leave on 22 May", she told parliament.

"It is very disappointing that the cabinet has chose to entrust the final handling of Brexit to Jeremy Corbyn and the Labour Party", said Boris Johnson, the former Foreign Secretary and a hard Brexiteer.

May was meeting Corbyn in the afternoon to discuss whether they can find agreement on their aims for the future relationship with the EU.

There is now "absolutely no reason" for another extension to Brexit because the situation in Britain's parliament has not fundamentally changed, Austria's Chancellor Sebastian Kurz said on Wednesday. The leaders of the EU's 27 remaining countries have given the United Kingdom until April 12 to leave the bloc or to come up with a new plan, after British lawmakers three times rejected an agreement struck between the bloc and May late past year.

The European Union will not renegotiate the already-agreed divorce deal with Britain if Brexit is delayed again, the bloc's chief negotiator said, adding that London would not get a transition period unless it accepts the deal, writes Gabriela Baczynska.

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Prime Minister Theresa May has brought a new word to the Brexit lexicon: compromise.

May sent a signed letter to all her Conservative lawmakers explaining her decision, saying it is the only way they can ensure a the smooth, orderly Brexit that they promised to the British people.

Labour is formally committed to enacting the voters' decision to leave the European Union, but numerous party's lawmakers want a new referendum that could keep Britain in the bloc.

"Standard & Poor's said in an upgrade Monday a twisted Brexit would" adversely impact revenue levels and growth prospects, as well as government finances". A group of legislators intent on avoiding a no-deal Brexit are trying to ensure that Britain can not crash out of the European Union, either by accident or by design.

British Prime Minister Theresa May outside her official residence 10 Downing Street in London, Britain, April 3, 2019.

Nigel Adams, one of May's junior ministers for Wales, announced his resignation on Twitter, claiming that the prime minister's shift to a softer Brexit was a "grave error".

To avoid an abrupt no-deal Brexit on April 12, May must present a summit of European Union leaders next Wednesday with a plausible strategy to win approval in parliament for the Withdrawal Agreement that she negotiated with Brussels.