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May's Brexit deal defeated by 391 to 242

Theresa May's Withdrawal Agreement has been defeated in the House of Commons this evening. Despite Attorney General Geoffrey Cox securing some clarification on how the UK could exit the backstop, the government was defeated by a margin of 391 to 242.

Boris: Backstop will leave EU as our "colonial masters"

Boris Johnson called on the government to oppose attempts to remove no-deal as an option or extend Article 50 in his Telegraph column yesterday.

May's last chance to overcome Brexit deadlock

Downing Street reports that a deadlock is still in place as MPs due to vote tomorrow on Theresa May’s deal. This comes after the prime minister spoke last night with the European Commission’s president, Jean-Claude Juncker.

FCA warns banks about moving business from UK to mitigate effects of Brexit

The Financial Conduct Authority sent letters to five major banks in December 2018, warning them about needlessly moving clients to their European subsidiaries – a technique designed to mitigate the potential effects of Britain leaving the EU.

May tells EU "we may never leave" if deal fails

A second Brexit referendum has been conceded as a real possibility by Prime Minister Theresa May today, as she urged EU leaders to allow her "one more push". If they fail to grant her this, she added, "[Britain] may never leave [the EU] at all."

Government to consult trade unions and businesses on workers’ rights post-Brexit

Theresa May has today announced plans to give business, trade unions and parliament a greater role in determining workers rights following Brexit. Following the government’s commitment to undertake “the largest upgrade to workers’ rights in a generation”, they have announced new measures to ensure rights are protected and enhanced following Britain’s departure from the EU.

Chancellor remains upbeat in face of GDP growth's last-quarter slowdown

In response to a report published this morning by the Office of National Statistics, which indicated the UK's GDP growth rate falling to 0.2 per cent in the last quarter of 2018, the chancellor has remained positive and stated that "the UK's economy continues to grow".

Hunt admits possibility of Brexit delay

Foreign Secretary Jeremy Hunt has hinted at the possibility of an extension of the March 29 deadline. This makes him the most senior Tory to have conceded this possibility. Whether or not this happens, he says, depends on the progress that is made in the coming weeks. Nevertheless, he like others in the cabinet, rest their hopes on Theresa May meeting the deadline.

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