Up to £800bn in assets leave United Kingdom on Brexit fears

The UK Government is planning a traffic stress-test with HGVs as part of no-deal Brexit preparation

A cross-party amendment laid down by backbench Labour MP Yvette Cooper and supported by the opposition frontbench has passed by 303 to 296 votes, representing another major government defeat on Brexit.

Her proposal aims to restrict the government's freedom to use the Finance Bill to make tax changes linked to a no deal Brexit without the "explicit consent" of Parliament.

The Labour leader said ministers were "fooling nobody" with preparations for no-deal, and said Mrs May would not be allowed to run down the clock to secure support for her Brexit deal.

And DUP deputy leader Nigel Dodds said on Sunday that "fundamental problems" remain in the deal, and "the backstop remains the poison which makes any vote for the Withdrawal Agreement so toxic".

He added that if that occurred we should demand legal assurances and "some sort of undertaking on a free trade deal", saying: "This will get very, very sticky, very close to the end, that is what will happen".

But as the expectation persists that MPs will reject the May Brexit Plan next week, Whitehall sources admitted senior ministers were as much in the dark about any Plan B as the public was. It faces a vote on 15 January.

Britain's divorce deal with Brussels is the only deal on the table and can not be renegotiated, an EU Commission spokesperson said Monday.

With a raft of other legislation still needing to be approved before Brexit day, that signals further difficulties for the government if it pursues a no-deal exit.

'However, it is the duty of a responsible Government to continue to prepare for all eventualities and contingencies, including a possible no deal.

He added: "Bear in mind, a lot of the opposition to the Withdrawal Agreement and the backstop might be based on suppositions and misunderstandings about our intent as a European Union".

She consulted with European leaders in the days that followed, but it wasn't clear she gained any new commitments from them.

"Leaving without a deal would make continued investment in United Kingdom manufacturing a real challenge for global firms, when they have plants in other European locations".

May survived a confidence vote in her own Conservative party over the agreement in December, but her Brexit-backing MPs are still in open revolt.

European Union budget commissioner Gunther Oettinger said that without this, "we would be short a figure in the billions of euros for the rest of the year and a higher figure for 2020".

Effectively this constrains the government's ability to act to keep its taxation system working smoothly if it pursues a no-deal Brexit against the wishes of a majority in parliament.

Addressing opponents on both the Remain and Brexiteer wings of parliament, she said: "There are some in parliament who, despite voting in favour of holding the referendum, voting in favour of triggering Article 50 and standing on manifestos committed to delivering Brexit, now want to stop us leaving by holding another referendum".

Pressed on whether there would be new assurances, Ms Loiseau said: "These are political assurances".

London and Brussels are also understood to be in talks about an exchange of letters setting the end of 2021 as the target for a trade deal, meaning the backstop would be limited to just one year.

Twenty Conservative MPs rebelled against the government, including former cabinet ministers Michael Fallon, Justine Greening, Dominic Grieve, Ken Clarke and Oliver Letwin.

"Nobody should be underestimating at this stage how likely a no deal exit could be", he said.

Related news:

Hot News

isis-killer-beheading-video-story-top Kevin Spacey expected in court Monday to face sex assault charges
Jan 08, 2019 - 01:18
Actor Kevin Spacey appeared in Nantucket District Court in Nantucket, Mass ., where he faces a sexual assault charge. The civil attorney for the accuser said in a statement ahead of the hearing that his client is "leading by example".

isis-killer-beheading-video-story-top Who is Liverpool youngster Ki-Jana Hoever?
Jan 08, 2019 - 01:17
Hoever became the third-youngest Liverpool player in history when he was summoned, behind the long-departed Jerome Sinclair and Jack Robinson.

isis-killer-beheading-video-story-top ‘Serial child rapist’: John Legend unleashes on RnB star R Kelly
Jan 07, 2019 - 00:15
In the early '90s, Smith says that Kelly entered his hotel room completely naked and exposed his butt to him. Despite all the rumors, Smith claims that he never saw anything sexual happen between Kelly and Aaliyah .

isis-killer-beheading-video-story-top US House passes bills that would end gov't shutdown
Jan 07, 2019 - 00:04
Democrats also approved, 241-190, a separate measure funding the Agriculture, Interior and other departments through September 30. Collins, a senior member of the Appropriations Committee, also indicated support for an element of the Democrats' approach.

isis-killer-beheading-video-story-top National parks brimming with trash, human feces as government shutdown continues
Jan 05, 2019 - 00:29
The Trump administration has permitted the parks to remain open despite the staff furloughs. "Everyone loves the park". Feltges and other business owners around Joshua Tree stepped into the gap as much as possible.

isis-killer-beheading-video-story-top Netflix's 'Bird Box' Inspired Some Really Gay Memes
Jan 03, 2019 - 00:53
Here are some of the funniest (and gayest!) memes inspired by the movie. "The only Bird Box challenge that should exist", she wrote.

isis-killer-beheading-video-story-top USA authorities fire tear gas across border to repel Central Americans
Jan 03, 2019 - 00:49
The area is flat near the highway, then slopes sharply downward closer to the fence, where most of the migrants were clustered. More than a dozen migrants were apprehended after 150 migrants tried to climb the border fence in San Diego, according to U.S.

isis-killer-beheading-video-story-top New Horizons Spaceship Encounters Ultima Thule, the World Awaits Historic Photo
Jan 03, 2019 - 00:41
The close approach came a half-hour into the new year, and 3 1/2 years after New Horizons' unprecedented swing past Pluto . When the probe was launched in 2006 it had two goals. "Today is the day we explore worlds farther than ever in history!"

isis-killer-beheading-video-story-top Roger Federer Differentiates Men and Women in Tennis
Jan 02, 2019 - 01:09
As a result of the win, Switzerland progress through to the final on Saturday, while the U.S. will next take on Great Britain. A flustered Bencic slammed her racket on the court as the match leveled and she never seriously threatened in the decider.

isis-killer-beheading-video-story-top Elizabeth Warren Launches Exploratory Bid For President In 2020
Jan 01, 2019 - 00:47
Warren grew up in the Central Plains state of Oklahoma, in a family she said lived "on the ragged edge of the middle class". Warren's entrance into the contest to try and challenge President Trump in 2020 is a development he's likely to relish.

isis-killer-beheading-video-story-top Ole Gunnar Solskjaer reprimands Manchester United superstar for arriving late for training
Dec 31, 2018 - 02:09
Only the post then denied Pogba a first ever hat-trick when his low strike from the edge of the box came off the woodwork. One of the requests that Solskjaer made to his players is that they should improve in possession.

isis-killer-beheading-video-story-top U.S. government shutdown to extend to 2019
Dec 31, 2018 - 01:59
No matter which option Pelosi goes with, Trump won't get his $5 billion for the border wall. "They can't", he continued. A previous deal that addressed the status of Dreamers failed to pass as a result of escalating White House demands.

isis-killer-beheading-video-story-top Maurizio Sarri defends decision to sub substitute Callum Hudson-Odoi
Dec 30, 2018 - 00:28
Chelsea will be looking to cement their position in the top four with a win when they take on Crystal Palace at Selhurst Park on Sunday afternoon.

isis-killer-beheading-video-story-top Airport Back To Normal After Dazzling Transformer Explosion Takes Out Power
Dec 29, 2018 - 01:11
A neon blue light caused by transformer explosion in NY on Thursday led some residents to believe that " aliens had landed". Speaking with Gizmodo by phone, an NYPD spokesperson said there were no reported injuries or deaths in the incident.

isis-killer-beheading-video-story-top Miley Cyrus Shares Stunning Wedding Photos With Liam Hemsworth
Dec 29, 2018 - 01:07
In one of three black and white images posted to Instagram , Cyrus wrote "this is probably our one-millionth kiss". They broke things off the next year but got back together in 2015.