Hammond says too late to negotiate new Brexit deal

Factbox Britain's Brexit vote- How many lawmakers are backing PM May

Meanwhile, the EU's Brexit negotiator Michel Barnier has insisted that the agreement with Theresa May is the only deal on offer.

Both sides also worry that May's Brexit deal leaves many details about Britain's future relationship with the European Union to further negotiations that will take place after Britain leaves on March 29.

The shock of a no-deal Brexit would make it hard for the Bank of England to provide monetary policy support to the economy, in the form of interest rate cuts or quantitative easing, said the Chancellor.

"People are concerned about the role of the United Kingdom in making these decisions". Speaking in an episode titled the 'Brexit Deal, Legal Guidance and the Vote', he said: "At the last summit we were expecting her to come out and make a big announcement, something to really push the deal over the line but that has not been there".

He said: "What we are trying to achieve is something that gets a lot of support from colleagues and that the Government, we hope, will take forward because it will make a real difference to the vote". In an ironic twist, her constant resilience mirrors that of Labour leader Jeremy Corbyn, her fiercest opponent in Parliament (at least when looking across the floor), who has also survived countless plots against his leadership.

"But if under the current rules we can not get an election, all options must be on the table. After almost two years of long and complex negotiations, he would take us back to square one". Or do they say throw it to the walls and lets have a general election?

Treasury chief Philip Hammond and Health Secretary Matt Hancock are among the senior ministers who are making appearances around Britain in an effort to win popular support for the agreement and put pressure on lawmakers to approve the deal.

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They hit the road after MPs tabled an amendment to the meaningful vote on the Withdrawal Agreement that would give MPs some control over the controversial Northern Ireland border backstop, which has been the main sticking point after two years of negotiations.

Visits were being made to schools, hospitals, workplaces and a butcher's shop in East Anglia in a bid to build support among regional audiences, with many taking place outside the gaze of the national media.

DUP leader Nigel Dodds said his party would vote against the deal, but would not move to bring down May's government. "The legally binding worldwide Withdrawal Treaty would remain fundamentally flawed as evidenced by the Attorney General's legal advice".

Supporters of a clean break with the European Union say the backstop, meant to ensure no hard border between British-ruled Northern Ireland and the EU-member Irish Republic, could leave Britain forced to accept European Union regulations indefinitely, or Northern Ireland treated differently from the rest of Britain.

Even if the upcoming vote failed, the UK PM would have a chance to develop a new deal with better terms; if she doesn't manage to do, so she would also have to stand down, the Daily Telegraph reported, citing Cabinet ministers.

The Chancellor later told MPs that the "economy has always been at the heart of the UK's relationship with Europe" and warned that a no-deal Brexit would "destroy" much of the 45-year-old trading relationship overnight.

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