May outside Downing
- May wants an extension until a deal is passed
- Says is taking action to break the logjam
- We are looking for a plan to leave with
- Offers cross-party approach
- Need unified approach with Labour, if we can’t agree to that would agree to a set of arrangements to put to the House
- We can and must try to find a compromise
- Would try and complete legislating by May 22
- EU has said the withdrawal deal will not be reopened
- Focus will be on future relationship in new talks
Cable rose above 1.31 briefly but is now just back below.
May’s offering to sit down with Corbyn and will try to come to a consensus and then put something to the EU next week. The next move goes to Corbyn. My guess is he rejects her deal and continues to let her hang herself.
She also didn’t mention another meaningful vote, perhaps accepting that it’s not going to happen without help from Labour.
In short, she will: 1) Seek an Article 50 extension which ends when MPs agree on a deal – 2) Hold talks with Corbyn to find compromise on the Political Declaration 3) If those talks fail, give MPs a vote on Brexit choices agreed them both 4) “Abide” by what MPs agree
In short: “Save me Obi Wan Corbyn, you’re my only hope.”
