The UK Parliament is set for a historic vote this morning (8.15am NZ time) as British Prime Minister Theresa May lobbied for support but braced for defeat of the UK's divorce deal with the European Union. The battle now is over not whether May loses, but how badly.
"At the second time of asking, MPs might just vote for her deal over the catastrophe that would be no deal", said John Springford, deputy director of the Centre for European Reform.
He told MPs that in the event of a Government defeat the agreement would have to return to the Commons later "in much the same form with much the same content".
In a sign of the widespread opposition, Parliament's unelected upper chamber, the House of Lords, voted by 321 to 152 late Monday in favor of a motion saying May's deal would damage Britain's economic prosperity, internal security and global influence, while also rejecting the idea of leaving the European Union without a deal.
Diplomats are now working on the assumption that exit day will be delayed beyond March 29.
Sterling rose 0.08% to $1.287 after declines of more than 1% earlier in the day.
Meanwhile, a margin of less than 60 would leave some room for hope, several European Union officials said last week, and the bloc may look at fresh ways of making the agreement more palatable to get it across the line.
May's hopes of saving the plan will hinge on the scale of her loss: If she limits the size of the expected defeat, May will probably ask Brussels for more concessions in the hope of getting her plan through parliament in another vote.
Lawmakers who have indicated they will oppose the deal: 93, including 27 of Theresa May's Conservative lawmakers. As you said I think it's unlikely to succeed but we have got to see if a general election could resolve the issue.
July 9, 2018 - Brexit Secretary David Davis resigns over the so-called "Chequers Plan" to be replaced by Dominic Raab, with Foreign Secretary Boris Johnson following him out of Cabinet several days later.
Speaking during a marathon seven-hour debate with local officials in Paris, French President Emmanuel Macron said that "the first losers" in a no-deal Brexit "would be the British".
The suggestion appears to take the mantra of "taking back control" to new lengths. So, with nearly certain defeat on the horizon, what happens next? The EU wants to avoid the United Kingdom crashing out of the bloc without a deal, and many diplomats are prepared to spend time giving the government reassurances to help May win the backing of Parliament. By Tuesday morning, some 30 lawmakers had signed up to that amendment, tabled by the Tory lawmaker Andrew Murrison - including Graham Brady, the influential head of the 1922 Committee of rank-and-file Tories.
"The Tory party's botched deal will be rejected by parliament".
Corbyn's motion will be debated and voted on Wednesday.
In a speech Monday at a ceramics factory in the pro-Brexit central England city of Stoke-on-Trent, May said "people's faith in the democratic process and their politicians would suffer catastrophic harm" if her deal is rejected and Brexit was abandoned.
If it loses the vote, the government has hinted it might simply reintroduce slightly tweaked versions of the same deal until parliament accepts it.
It is unclear whether Brussels would accept any changes to the Brexit deal suggested by MPs.
The pound has risen after MPs voted to reject Theresa May's Brexit deal by 230 votes. Germany denied the report.
Corbyn called the vote "greatest defeat for a government since the 1920s".
The bulk of MPs supporting the People's Vote campaign, which calls for a second Brexit referendum - in the hope of stopping Brexit - comes from the Labour backbenches.