No-deal Brexit would see United Kingdom drop tariffs on most imports

European Commission President Jean Claude Juncker and Theresa May are seen arriving to address the media

At a news conference at the European Parliament in Strasbourg, France, May said she had secured "legally binding" assurances that the Brexit withdrawal agreement will not trap Britain "indefinitely" in EU rules and regulations, even if the sides can not agree in the future how else to keep the border on the island of Ireland free and open.

The Bank of England has estimated that inflation could rise from around 2 percent now to nearly 7 percent within months of a disorderly "no-deal" Brexit.

Remain-backing Tory MP Sam Gyimah said he could not vote for the PM's deal.

Carolyn Fairbairn, director general of business lobby group the CBI told the Today Programme that MPs should vote against the option for leaving the European Union without an agreement, and that the date for leaving should be delayed.

It comes amid reports Mrs May will fly to Strasbourg, France in the coming hours in a last-minute bid to save her foundering Brexit divorce deal before it is voted on again on Tuesday local time (Wednesday morning AEST).

Mr Dodds, who is the DUP's Westminster leader, said it was likely his party would vote against the motion to rule out no deal.

John Whittingdale, a Brexit-supporting Conservative lawmaker, said the attorney general's advice was "pretty terminal" for May's plan.

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Colm Barton of Londonderry, Northern Ireland, said Tuesday the changes Brexit would bring have "the potential to destroy" the peace process that ended decades of violence known as "The Troubles".

The Dow Jones likely fell because of uncertainty about the United Kingdom after May's new Brexit deal was defeated. The government said this was to "ensure access" to those markets is "maintained".

UK's chief legal advisor Attorney General Geoffrey Cox said the extra assurances won by May do "reduce the risk that the United Kingdom could be indefinitely and involuntarily detained" in the backstop if talks on the two sides' future relationship broke down due to "bad faith" by the EU.

But MPs rejected it in January by 432 votes to 202, eventually voting for her to renegotiate the controversial backstop arrangement, which is meant to keep the Irish border open after Brexit.

First, a new vote on whether to leave with no deal - which is hugely unpopular with MPs.

German EU affairs minister Michael Roth, called it "a far-reaching compromise".

To keep the Irish border open, it also says there would be no checks or customs declarations for most goods passing from the Republic of Ireland into Northern Ireland. Dutch Prime Minister Mark Rutte said in a Twitter message that he was "pleased with the agreement", adding: "An orderly #Brexit is crucial for both the European Union and the UK".

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"I am actually considering never voting again, quite honestly, because I am beginning to feel that there is no point in it", she said.

The UK government has always insisted it would not allow there to be any hardening of the Irish border, but until now it had not set out how it would ensure that in the event of no deal.

European Affairs Minister George Ciamba of Romania, which has the EU presidency, held out "hope this will be a game changer.but we shouldn't pre-judge the outcome of the vote in the Commons.a disorderly exit would be the worst scenario'".

The UK has vowed to have no checks at the Irish land border for goods crossing into Northern Ireland in the event of "no deal" departure from the European Union.

"It doesn't mean that a public vote has gone, it doesn't mean we won't come to it, but it means Tuesday is about exposing the weakness of the Prime Minister", he said. It is also far from clear whether May will survive this blow to her flagship policy, with Labour leader Jeremy Corbyn calling for a general election immediately after the vote.

Speaking yesterday, she said: "MPs were clear that legal changes were needed to the backstop".

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