Theresa May defers 'meaningful vote' on Brexit deal

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The Prime Minister was previously adamant that she would go ahead with the so-called Meaningful Vote despite predictions she would be overwhelmingly defeated.

The Times also reported on Saturday that plans were being made across party lines to vote against May's leadership if she loses Tuesday's vote.

The overwhelmingly poor reception to her deal from her own backbenchers and from those of all other parties across the aisle shows a prime minister that has lost the confidence of MPs to lead and could lead to a coup within the Tory party.

Pro-Brexit lawmakers said they wouldn't support May's agreement unless she renegotiated it to remove the Irish backstop.

Referring to the Brexit deal, Mrs May said: 'I believe in it as do many members of this House.

However members of parliament, including from May's own Conservative Party, look set to reject the deal in a vote on Tuesday.

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The UK lawmakers are scheduled to vote on the Brexit agreement on December 11, after several days of debate.

"Everyone knows what the bone of contention is - the backstop - and there are a large number of MPs who are prepared to compromise", Brady said.

Both sides also strongly object to a "backstop" provision in the Brexit agreement that would keep Britain in a customs union with the EU in order to guarantee an open border between EU member Ireland and the U.K.'s Northern Ireland.

The leader of the opposition Labour Party, Jeremy Corbyn, said the United Kingdom no longer had "a functioning government" and called on May to "make way" for a Labour government.

"If you want Brexit, make sure you get it, and that's about this deal", she said.

'During Prime Minister May's speech to the House, sterling fell through $1.26 to trade (at) levels not seen in 20 months, bringing the 2017 lows at $1.19 into focus, ' ETX Capital analyst Michael Baker said.

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Meanwhile, the European Union and Ireland are preparing for a no-deal Brexit scenario. Need a better deal.

If she does not hold the vote on Tuesday, May will head back to Brussels on Thursday to continue negotiating the deal with European leaders.

Here is how this week is expected to play out for the Prime Minister and Britain's departure from the EU. It was trading at $1.50 on the day of the 2016 Brexit referendum. "The way to unblock it is to go back to the public with a people's vote, which will either offer a mandate for a specific form of Brexit, or to remain in the European Union".

"I politely suggest that in any courteous, respectful and mature environment, allowing the house to have a say would be the right and, dare I say it, the obvious course to take", Speaker Bercow said.

"We don't want to stay in the EU.so this case is very well but it doesn't alter the referendum vote or the clear intention of the government that we leave on March 29", Gove told the BBC.

Meanwhile, there was a boost for anti-Brexit campaigners as the European Court of Justice ruled that Britain could unilaterally revoke Article 50 of the Lisbon Treaty and remain in the European Union without having to seek approval from Brussels.

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The opposition Labour Party has threatened to call for a vote of no-confidence in the government, which could trigger a general election.

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