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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

May offers MPs new Brexit deal to break deadlock

The British Prime Minister will lay out a ‘new deal’ for Brexit on Tuesday in a desperate attempt to break the deadlock in parliament over the UK’s future relationship with the EU.

Theresa May Source: Bloomberg

Theresa May will lay out a new deal for Britain for its departure from the EU on Tuesday in what constitutes her fourth attempt to break the Brexit deadlock in the House of Commons.

The British Prime Minister is hoping that a new Brexit deal will garner enough support from MPs to finally get Brexit over the line and allow her to leave her post having achieved what she promised to the electorate nearly three years ago.

Theresa May unlikely to succeed with new Brexit deal

Despite her best efforts, May’s latest attempt to break the Brexit deadlock is unlikely to succeed even though a spokesman from Downing Street said that the new deal will include ‘certain significant new aspects’, with many MPs unlikely to be swayed by such statements.

‘The prime minister said that the Withdrawal Agreement Bill is the vehicle which gets the United Kingdom out of the European Union and it is vital to find a way to get it over the line,’ her spokesman told reporters.

May will provide further details on the new deal in a speech scheduled to take place at 3pm on Tuesday which she hopes will provide a way forward in the Brexit process.

Parliament remains deeply divided on Brexit

May will need to deliver something special if she is going to break the Brexit deadlock that has deeply divided MPs from her own Conservative party and those in opposition.

The prime minister may offer Labour assurances in the new deal that include workers’ rights and environmental protections in a bid to secure enough support in parliament to deliver Brexit.

Whatever concessions she offers Labour in exchange of support will likely come at the expense of angering Brexiteers in her own Conservative party, leading many to view May’s latest attempt as being dead on arrival.


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