21/01/2019 - May Still Seeking Approval

GBP

Over the weekend news emerged Theresa May will try to convince Tory Brexiteers and DUP MPs to back her withdrawal deal by resolving Irish backstop concerns. May had previously said she would focus on cross-party talks to get a Brexit deal accepted by Parliament. However it is understood she is now seeking to win approval from her own benches, with the government unlikely to win widespread Labour backing.

May wants to show the EU that MPs could back a deal without a backstop, in the hope of encouraging Brussels to soften its position. If Parliament doesn't approve a withdrawal agreement, the UK is due to leave the EU on 29 March without a deal or transition period.

This afternoon the prime minister will address the Commons, setting out how she intends to proceed with the Brexit withdrawal agreement.

She is also expected to table a "neutral" motion, simply saying that the Commons has considered her statement, which will be debated and voted upon on 29 January. This motion is expected to attract amendments from groups of backbenchers seeking more of a say in the process.

On Friday the office for national statistics revealed retail sales fell by more than expected in December after consumers brought forward their Christmas shopping to November. All sectors except food stores and fuel stores saw sales decline in December.

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