May to rule out no-deal Brexit to stave off rebellion - media reports

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May to rule out no-deal Brexit to stave off rebellion - media reports
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British Prime Minister Theresa May will on Tuesday propose formally ruling out a...

LONDON - British Prime Minister Theresa May will on Tuesday propose formally ruling out a no-deal Brexit in a bid to avoid a rebellion by members of parliament, who are threatening to grab control of the divorce process, The Sun and Daily Mail newspapers reported.

But British lawmakers worried that May risks thrusting the world’s fifth largest economy into an economic crisis have threatened to usurp control of Brexit from the government in a series of votes on Wednesday. Sterling, which has lost about 20 cents against the dollar since the 2016 Brexit referendum, rallied to a 21-month high against the euro and against the dollar rose 1 percent to $1.3225, the highest level since Oct. 2018.

Her de-facto deputy, David Lidington, told BBC radio he would not disclose what cabinet would be discussing. When repeatedly asked if May was going to delay, Lidington did not address the questions directly.The 2016 referendum, in which 17.4 million voters backed leaving and 16.1 million backed staying, showed a country divided about much more than the EU, and has fuelled soul-searching about everything from secession and immigration to capitalism and modern Britishness.

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