Theresa May's Brexit gambit fails as her premiership fades

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Theresa May's Brexit gambit fails as her premiership fades
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British Prime Minister Theresa May's final Brexit gambit was in tatters on ...

LONDON - British Prime Minister Theresa May’s final Brexit gambit was in tatters on Wednesday just hours after her offer of a vote on a second referendum and closer trading arrangements failed to win over either opposition lawmakers or many in her own party.

May on Tuesday appealed to lawmakers to get behind her deal, offering the prospect of a possible second referendum on the agreement and closer trading arrangements with the EU as incentives. “The Bill is directly against our manifesto - and I will not vote for it. We can and must do better - and deliver what the people voted for,” he said.

JPMorgan raised the probability of an Article 50 extension to 60% versus 50% before and cut the probability of exit on the terms of May’s Withdrawal Agreement to 15% from 35%.Labour leader Jeremy Corbyn said his party could not vote for the Withdrawal Bill, describing May’s new offer as “largely a rehash of the government’s position” in talks with the opposition that broke down last week.

“I ask you to compromise too so that we can deliver what both our parties promised in our manifestos and restore faith in our politics,” she said.

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