British Prime Minister Theresa May is to unveil her Brexit Plan-B in Parliament today. The Plan-B was necessitated after the MPs rejected Ms May’s deal of Britain’s exit from the European Union.
Ms May’s government had survived a confidence vote on Wednesday and set about talks with figures from rival parties. Britain is to leave the European Union on the 29th of March without a deal unless MPs can force a delay or get their act together in time and come up with an alternative plan that Brussels is also happy with.
The world’s fifth-biggest economy could lose preferential access to its largest export market overnight, affecting every sector, leading to rising costs and disruption at British ports. EU chiefs have so far ruled out renegotiating the agreement, but have signalled they could postpone the withdrawal if Ms May changes her red lines on leaving the EU’s customs union and blocking free movement of citizens.