Britain officially leaves the European Union at 11 p.m. GMT on March 29.
Time is running out for U.K. Prime Minister Theresa May to get a deal done before Britain is officially supposed to leave the EU on March 29.
It is hated by Euroskeptic lawmakers who fear it will trap the U.K. into a never-ending customs union with Europe. This is seen as the main reason May's deal failed at the first vote and efforts to overcome this are underway before a second meaningful vote is to be held. Only three lawmakers from the main opposition Labour party backed the plan but May was largely undone by the right-wing Euroskeptics within her own Conservative Party.
An approval of the deal on Tuesday is expected to cause a surge in sterling after months, if not years, of uncertainty for markets. Several firms have cautioned on the impact on production and this week auto giants Toyota and BMW both said a no-deal Brexit threatened their U.K. operations.
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