Dow Jones down after second Brexit vote defeat

David Henig, at the European Centre for International Political Economy, a think-tank, described the separate treatment of Northern Ireland as a clear breach of WTO rules that would be hard to overlook, given the supply chains criss-crossing the border, he said.

Though a large chunk of products won't be facing any extra cost, officials in the Department for International Trade are proposing tariffs and quotas on some goods to help British industries that are now protected by high European Union tariffs or face unfair trading practices, such as state subsidies. "Because there will be no third chance", Juncker said.

"In light of our own legal analysis and others, we do not recommend accepting the government's motion today", group member Bill Cash said.

May - her voice reduced to a raw whisper after days of frantic Brexit diplomacy - spoke as the House of Commons began debating the deal before a vote later Tuesday.

It was promised because the prime minister lost a second vote on her Brexit deal in Parliament by 149 votes. "What we are potentially going to see is this imposition of new terms of trade at the same time as business is blocked out of its closest trading partner".

The paper said: "MPs should hold their nerve, refuse to be panicked, reject her poor offering and vote for extra time to find an answer that is best for Britain".

The plans for a No Deal Brexit will now be announced this morning after the Tory cabinet's attempt to get the Brexit deal through Parliament was again heavily defeated last night.

"I have personally struggled with this choice as I am sure many other MPs will", she said. "This is no way to run a country", said Carolyn Fairbairn, director-general of the Confederation of British Industry.

However, the deal seemed unlikely to pass. "I do have to ask myself what game are they playing here".

Transport companies strongly oppose any extra red tape which could delay the free flow of goods across the now invisible Irish border.

British lawmakers, who on January 15 voted 432-202 against her deal, were on Tuesday studying the assurances with lawyers.

Mrs May is likely to arrive in Strasbourg in mid-evening, and a statement to the Commons by Brexit Secretary Stephen Barclay has been put back to around 10pm.

This would keep Britain in the EU customs union and parts of its single market until and unless another way - such as a trade deal - is found to avoid frontier checks. Where Leave-supporting MPs had hoped a concrete deadline would be imposed on the backstop, the legal instrument only clarified the circumstances under which the backstop option could be triggered and, after its implementation, removed.

Many MPs fear it is a "trap" to keep them tied to European Union rules, but Brussels has rejected calls for a time limit or unilateral exit clause.

It also said it tariffs for the vast majority of goods entering the United Kingdom from around the world would be set at 0%.

With EU leaders warning there would be no more changes or negotiations, and less than three weeks to go until the United Kingdom is due to leave, British lawmakers were facing a stark choice: support a deal many consider inadequate or run the risk that Brexit might happen chaotically, or not at all.

However, policymakers are expected to vote against a no-deal Brexit and then, on Thursday, vote in favour of seeking a delay to Brexit.

Although the opposition Labour Party has endorsed a second referendum, many lawmakers in all parties are wary, and there does not appear to be majority support for it in Parliament.

"This is all words and twisted meanings".

Mrs May ducked a demand from Labour leader Jeremy Corbyn to update the House of Commons on the progress of negotiations, sending Brexit minister Robin Walker to respond to his urgent question in her place.

  • Zachary Reyes