Labour's Brexit plan is rejected - now it must support a People's Vote

The Labour party will campaign to remain in the EU if it goes to a second referendum

The Labour party will campaign to remain in the EU if it goes to a second referendum

A symbolic amendment putting the plans to paper was expected to be waved through the Commons on Wednesday without a vote after the government said it would back it.

Laura Parsons, currency analyst at TorFX, told earlier today: "The Pound was bolstered by the news that PM Theresa May will offer MPs the chance to vote on delaying the UK's departure from the European Union if her deal is rejected again in March".

TIG leaders hope that some Labour MPs who have been pressing for a second referendum could yet back their amendment.

The Department for Exiting the European Union admitted that 200,000 out of 240,000 firms that trade with the EU have not 'prepared in earnest for a no-deal scenario'.

But shadow justice secretary Richard Burgon indicated Labour would not be throwing its weight behind a second referendum just yet.

He said since the so-called "Brady amendment" was passed last month himself, Mrs May, Brexit Secretary Steven Barclay and Attorney General Geoffrey Cox have been in "focused discussions" and are "making good progress" on coming up with "alternative arrangements".

Mr Corbyn confirmed he was not yet ready to fully abandon Labour's Brexit plan in favour of a second referendum.

And ahead of the latest round of Commons votes - 24 hours after yielding to cabinet Remainers - she claims MPs will be offered an improved deal.

Corbyn is understood to be believe the party must give leave voters a "credible proposal" that they could vote for in a referendum.

"If the British need more time, we would support an extension request if it was justified by new choices from the British", Macron told a joint briefing with Germany's Chancellor Angela Merkel in Paris.

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SNP's amendment seeking to rule out a no-deal Brexit was also rejected by 324 votes to 288.

In the Commons, a potential threat to the PM in the latest votes comes in a cross-party amendment from another old foe, Labour's Yvette Cooper, blocking no deal.

May updated the House of Commons on Tuesday after a Cabinet meeting at Downing Street with Brexit as the sole agenda item.

In an earlier vote Labour had its Brexit policies rejected by MPs.

Five amendments were tabled this evening, including the Cooper amendment on Article 50 and Brexit date and Labour's amendment on an alternative Brexit plan. I would be concerned if people who voted Leave felt abandoned by the Labour Party.

It had been billed by some supporters as a chance to rally support in the party against Corbyn's leadership, but other Labour MPs who might be considered supportive of Watson said any attempt to form a separate grouping to threaten the leader would be unpopular with them.

And a proposal from Conservative backbencher Alberto Costa for a UK/EU treaty to protect expat citizens' rights in the event of a no-deal was passed without a vote.

A Number 10 source said the South Leicestershire MP had breached a long-standing convention that members of the administration - including parliamentary private secretaries (PPSs) - can not table amendments to Government motions.

The leader of the Tory hard Brexit-supporting European Research Group [ERG] has now hinted he could back the PM's divorce from Brussels if it is tweaked rather than re-written.

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