British MPs Begin Five Days of Debate on Prime Minister Theresa May's Brexit Deal

Forex News

More than two years since Britain voted to leave the EU, the testy debates that shaped the referendum have increased, deeply dividing the country and increasing uncertainty over its future which has unsettled markets and businesses. Britain will leave the EU on March 29 under terms negotiated with Brussels, the country's biggest shift in trade and foreign policy for more than 40 years.

Theresa May secured an agreement with European Union leaders that will see Britain leave the bloc on March 29 with continued close trade ties, but the odds look stacked against her getting it through a deeply divided British parliament.

Today, the British MPs begin five days of debate on Prime Minister Theresa May's Brexit deal, ahead of a vote that will determine the future of Britain and her leadership. The vote will be held on December 11. UK Prime Minister Theresa May agreed the terms of Britain's withdrawal with the European Union last month, but the text faces opposition on all sides of the House of Commons.

If the parliament rejects the Brexit plan, May could call for a second vote on the deal. But defeat would increase the chances of Britain leaving without a deal - a prospect that could mean chaos for Britain's economy and businesses - and put May under fierce pressure to resign. May said she was focused on getting her Brexit deal backed at a vote in parliament on December 11 rather than preparing a plan B.