CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand the risks involved.

No Brexit more likely than no deal says May ahead of vote

The UK Prime Minister has warned that no Brexit is more likely than Britain bailing out of the bloc without a deal in the hope that MPs will support her deal in the House of Commons on Tuesday.

In a speech to factory workers that Theresa May will deliver Monday, she will warn that parliament is more likely to block Brexit from happening than allow the country to leave the EU without a deal in place.

She will also reiterate that if the referendum is not upheld it will leave the country deeply divided.

Her speech represents a last-ditch attempt to garner support for her Brexit deal in parliament on Tuesday, which she contends is the only and best option on the table for Britain’s departure from the EU.

Labour vows no confidence vote if May loses

If May’s speech is not able to convince MPs to support her, opposition leader Jeremy Corbyn has pledged to table a vote of no confidence in the government should her deal get voted down.

If the motion is accepted and a vote of no confidence receives sufficient support in the House of Commons it will trigger a general election.

‘We will table a motion of no confidence in the government at a time of our choosing, but it's going to be soon, don't worry about it,’ Corbyn said on BBC’s Andrew Marr show.

Taking control of Brexit

May’s speech comes at a time when there are media reports that many MPs are hoping to take control of Brexit in the event of her deal falling flat.

Around 100 Conservative MPs, alongside 10 Democratic Unionist Party members are looking to join forces with Labour and other opposition parties to vote down May’s Brexit deal on Tuesday.

‘As we have seen over the last few weeks, there are some in Westminster who would wish to delay or even stop Brexit and who will use every device available to them to do so,’ May will say on Monday.

‘I ask MPs to consider the consequences of their actions on the faith of the British people in our democracy.’

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