Britain’s Labour Party will back new referendum on Brexit, Corbyn says

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Britain’s Labour Party will back new referendum on Brexit, Corbyn says
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The Labour Party Leader gave ambiguous backing for another referendum, saying he would push for one alongside a British parliamentary election

A handout photograph released by the U.K. Parliament shows Britain's opposition Labour Party Leader Jeremy Corbyn speaking in the House of Commons, on Feb. 27, 2019.Britain’s opposition Labour Party will back a new referendum on Brexit after parliament defeated its alternative plan for leaving the European Union, its eurosceptic leader Jeremy Corbyn said.

Britain’s Brexit minister, Steve Barclay, said there was no consensus in parliament for another referendum or even on what question might be asked. French President Emmanuel Macron said on Wednesday the EU would agree to extend the Brexit deadline beyond March 29 only if Britain justified such a request with a clear objective.

“I would categorize it as a further annoyance,” Aston Martin Chief Executive Andy Palmer told Reuters. “You’re holding that contingency stock for longer which means that your working capital is tied up for longer.” “We continue to see the most likely outcome of the current impasse as eventual ratification of the prime minister’s Brexit deal, with a three-month extension of Article 50,” Goldman said.Goldman Sachs raised the probability of that outcome to 55 per cent from 50 per cent while cutting its view of no-deal Brexit to 10 per cent from 15. It kept the probability of no Brexit at 35 per cent.

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