Brexit breakthrough is in God's hands, says Jean-Claude Juncker

Brexit breakthrough is in God's hands, says Jean-Claude Juncker

Brexit breakthrough is in God's hands, says Jean-Claude Juncker

One option to avoid no deal would be for Brussels to accord Britain an extension to the 29 March deadline, although May insists she will not request a delay.

The idea of a second referendum, if May's attempts to secure backing on a close economic partnership with the European Union, is "very much part of the agenda put forward by the Labour party", said a visually exasperated Corbyn, who added, "The problem is the prime minister is insisting on her deal, which has already been defeated very heavily in the parliament".

The European Commission President met with the Prime Minister on Wednesday and they both subsequently issued a joint statement acknowledging they were in a race against time to reach a workable deal.

"Without a breakthrough in Brexit talks it will be hard for sterling to go through these levels", said MUFG currency analyst Lee Hardman, referring to the $1.30 and 87 pence per euro levels around which the pound has jumped back and forth in recent sessions.

European Commission President Jean-Claude Juncker said failure to agree an orderly divorce would be economically devastating.

Then she could return to parliament next week and offer lawmakers some progress before another vote.

Brexiteers say the backstop will trap the United Kingdom into abiding by rules made in Brussels and that Britain needs to have the power to terminate the backstop when they choose.

The finance expert said: "I just think that Britain and Europe need to trade with each other and they will find that out and what the parameters are for that trade once they have no deal".

The use of the words "once again" signals that the European Union feels it has already repeatedly spelled out that the backstop is temporary, unless and until something replaces it that avoids a hard border.

Brussels has also resisted May's push, demanded by eurosceptic Conservatives, to put a time limit on the backstop or allow Britain a way to exit it alone.

If Brussels does enough on the backstop to persuade Cox to soften his advice, it could help swing the parliamentary arithmetic behind the prime minister.

In a statement after Brexit Secretary Stephen Barclay and Attorney General Geoffrey Cox met European Union negotiator Michel Barnier, the ministry gave a clear indication that May was no longer pushing to reopen the Withdrawal Agreement, even if that remained the government's preferred option. "Brexit is the past, it's not the future" Juncker said.

Anna Soubry, Heidi Allen and Sarah Wollaston resigned to join eight ex-opposition Labour Party lawmakers in an alliance dubbed the Independent Group.

May will attend an EU-League of Arab States summit in Sharm el-Sheikh, Egypt, at the weekend where she will have bilateral meetings with EU leaders, a British government official said. Meanwhile Spanish Foreign Minister Josep Borrell told Bloomberg an agreement is already being hammered out.

He said that since the boom of Japanese investment in Britain began in the early 1980s, Japanese companies had seen the country as a springboard to export into the EU. "Time is of the essence", May said.

With less than six weeks to go until March 29, chances are growing that Britain will seek to postpone its departure from the EU.

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