Sterling rises after May offers parliament Brexit terms scrutiny


"Parliament's going to have every opportunity to debate this issue".

May made it clear that the vote shouldn't be used to block Brexit or "undermine the negotiating position of the government". While the implication was that there would be a vote, the usual procedure for ending a motion, she refused to commit to one on Wednesday.

His comments came as Mr Johnson suggested Britain can get a trade deal that is "of greater value" to the United Kingdom economy than access to the European Union single market, which he described as "increasingly useless".

"The idea that parliament somehow wasn't going to be able to discuss, debate, question. was frankly completely wrong", May said when asked by an opposition Labour lawmaker whether parliament would get a vote on the government's Brexit plan.

Article 50 of the Lisbon Treaty launches official Brexit talks to determine a new relationship between the United Kingdom and the European Union, which must completed in a two-year period before British membership ends.

May acted amid concerns that she would lose a House of Commons debate Wednesday, initiated by Labour, calling for MPs to be allowed "properly to scrutinize" the government's strategy.

"Labour have argued that Parliament must have a say on the basic terms of the Brexit negotiations before Article 50 is triggered - not to frustrate the referendum result, but to ensure that there is rigour and accountability on this vital issue".

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But Mrs May has now tabled an amendment which will allow Tories to back the text of Labour's motion but adds caveats insisting that the European Union referendum result must be respected and that the Government's negotiating strategy should not be undermined.

"It's not a game-changer and we would sell the pound rally within 24 hours", said Gareth Berry, a foreign-exchange and rates strategist in Singapore at Macquarie Bank Ltd.

It was reported that David Davis, the Brexit secretary, was frustrated by a leak from the Treasury suggesting a hard Brexit could cost the United Kingdom £66bn.

When asked by a fellow lawmaker whether it was the government's right to trigger Article 50 and then begin negotiations on an exit deal, Mr Davis said: "My honourable friend is exactly right".

He also reminded Mrs May: "Someone once said that leaving the single market would risk a loss of investors and business and we risk going backwards when it comes to global trade".

"We've had people talking about "hard" Brexit and "soft" Brexit, which means very little", he said.

Sensing that the Labour motion could today be embarrassingly passed against her will, Ms May made a decision to act last night, adding an amendment to the motion and giving Tory MPs a way to back it without opposing her. It is not binding on the government.

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