Brexit delay agreement pushes pound higher

The Victim cast who stars with Kelly Macdonald and when is it on?                
         
           Television

The Victim cast who stars with Kelly Macdonald and when is it on? Television

British Prime Minister Theresa May defended her decision to delay Brexit and seek a compromise exit plan with the opposition Labour Party as one angry lawmaker from her own party stood up in parliament on Thursday and asked her to resign.

May has previously said that "as prime minister" she could not agree to let Britain stay in the European Union beyond June 30, and has promised to step down once Brexit is delivered.

May was addressing lawmakers just hours after returning from a special summit in Brussels at which the other 27 European Union leaders delayed Britain's scheduled departure from the bloc from this Friday to October 31.

"This is not the normal way of British politics".

"Reaching an agreement will not be easy, because to be successful it will require both sides to make compromises", said May.

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The deal, announced early Thursday in Brussels, averts a potential crisis as British leaders had failed to agree on their own plan for pulling out of the multi-state trade arrangement by Friday.

Sterling traders were left scratching their heads about whether the British currency should rise or fall.

"Does she also accept that the Withdrawal Agreement undermines our democracy, the constitutional basis of Northern Ireland, our right to govern ourselves, control over our laws and undermines our national interest?"

Asked by a veteran Conservative Brexiteer, Bill Cash, whether she would quit over what he called an "abject surrender" to Brussels, May said with a laugh: "I think you know the answer to that".

Economists say a no-deal Brexit could lead to a deep recession as tariffs and other barriers are imposed on United Kingdom exports and customs checks delay goods at British ports.

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Labour will put economic prosperity ahead of ending free movement of people from the European Union in any compromise Brexit deal, shadow Home Secretary Diane Abbott has insisted, in a significant change in tone on post-Brexit immigration policy.

Mrs May told the House of Commons - in an oft-repeated mantra - that passing an EU withdrawal agreement quickly would allow Britain to avoid taking part in European parliamentary elections set for late May, an unpalatable prospect to many Conservatives.

"Please do not waste this time", said European Council President Donald Tusk, advising the U.K.to finally decide on the details of its planned departure from the EU.

However, the British people had already decided almost three years ago what "sort of relationship" they wanted with the European Union when they voted to leave the bloc. She urged members of Parliament to take stock and "reflect" over a 10-day Easter break that starts on Friday.

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