France launches €50m no-deal Brexit plan for airports and ports

France launches €50m no-deal Brexit plan for airports and ports

France launches €50m no-deal Brexit plan for airports and ports

Theresa May's tenure as Prime Minister could have been over in less than two weeks following the Commons defeat of her withdrawal deal the night before.

Retail Sales data is slated for Friday morning, dropping at 09:30 GMT with December's annualized Retail Sales forecast to hold steady at 3.6%, but the decidedly mid-tier data is unlikely to drive much attention as markets remain focused on Brexit developments.

Philippe announced that 50 million euros would be invested in ports and airports in France which he said "are obviously the places most affected by the changes needed" in the event of Britain crashing out of the European Union without a deal.

Labour leader Jeremy Corbyn has refused to enter talks with the PM, insisting that no discussions could take place on Brexit before the prospect of a no-deal scenario is taken off the table - a move that could create a severe split within the Tory party.

May's spokesman said she was not ruling out a no-deal option and that it was government policy to be outside an EU customs union.

Political analyst Anand Menon, from the research group a Changing Europe, said May had a remarkable ability to soldier on.

However, the Labour leader stressed the party would still prioritise trying to secure a general election or achieve a Brexit deal on the terms they have demanded.

The motion was brought by Opposition Leader Jeremy Corbyn after Mrs May's proposed Brexit deal was defeated by the largest margin in Commons history - 230 votes - on Tuesday evening (local time).

"Good luck to the representatives of the nation who have to implement something that doesn't exist", Macron said.

"What she's got to do now is take a step back run the options through parliament and parliament's got to come to a decision".

"It should be left there, it's a central point of a negotiating strategy".

How could a second Brexit referendum work?

The UK is scheduled to leave the European Union on March 29 this year, with or without a plan of orderly action. The United Kingdom and Ireland are now part of the same European Union economy and the border between Northern Ireland, which is part of the U.K., and the Republic of Ireland is practically invisible.

The EU and May's government have agreed to what they call temporary arrangements to avoid a "hard" border, at least until the two sides can reach a final agreement. Yesterday, the former Ukip leader urged Brexiteers to prepare for the possibility of a second referendum and pledged to campaign again for Brexit.

But more than a third of the Conservatives and all 10 DUP members of parliament voted against her Brexit arrangements on Tuesday - each for their own reason.

There are several factors to consider: First, May, whose administration drives the legislative agenda, opposes a second referendum. "A second referendum would be a betrayal of the 2016 result and only make the current situation worse".

Yet ever since the United Kingdom voted by 52-48 percent to leave the EU in June 2016, British politicians have failed to find agreement on how or even whether to leave the European Union.

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