Brexit assurances significantly reduce risk of being trapped in backstop -Cox

Finally, a Big Week for Brexit

However, he said the situation was unchanged if a deal that supersedes the backstop can not be reached "through no such demonstrable failure of either party".

The GBP/JPY cross plunged back below the key 145.00 psychological mark in the last hour, albeit quickly recovered few pips thereafter.

MPs have warned Theresa May that parliament is ready to seize control of Brexit and push for a softer version if her deal fails to get through the House of Commons.

"However, the legal risk remains unchanged that if through no such demonstrable failure of either party, but simply because of intractable differences, that situation does arise, the United Kingdom would have, at least while the fundamental circumstances remained the same, no internationally lawful means of exiting the Protocol's arrangements, save by agreement".

Shadow Brexit secretary Sir Keir Starmer said Cox had confirmed that "no significant changes" had been secured to the Withdrawal Agreement and the government's strategy was "in tatters". SNP MPs have reiterated calls for a second referendum, saying that the time has come for May to accept that a new referendum is necessary.

After talks with European Union negotiator Jean-Claude Juncker on Monday evening, the prime minister said she "passionately believed" her Brexit deal addressed concerns raised by MPs.

However, if MPs vote no to her deal it will mean another vote this time on whether to leave the European Union without a deal.

"It is this deal or Brexit might not happen at all".

Theresa May's hopes of getting her Brexit deal through the Commons were hanging by a thread on Tuesday after her attorney general published legal advice warning that Britain could still be trapped in the Irish backstop hated by the DUP and Tory eurosceptics.

But in the final part of his conclusion, Cox said that legal risks of Britain being stuck in the backstop remained.

With just 17 days left until the United Kingdom's scheduled departure date, talks have been stuck on the same issue that has blocked progress for the past year: the backup plan meant to ensure there's never any need for customs checks at the land border between Ireland and the United Kingdom.

Concerns over the border measure were the main reason Britain's parliament rejected the deal in January. "We have a deal on the table which does exactly do this".

If May loses her vote on Tuesday or does not find some other way to swerve the sequence, MPs are expected to vote this week to reject a no-deal Brexit and to extend article 50.

"The House was clear on the need for legally binding changes to the backstop".

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