
The European Union opened the door on Monday to Britain postponing its exit from the bloc beyond the March 29 deadline, as the main opposition Labour Party said it could eventually support a second referendum.

Prime Minister Theresa May is considering a plan under which Britain’s exit from the European Union would be delayed for up to two months, the Telegraph reported on Sunday. British government officials have drawn up a series of options, which were circulated at the weekend, in a bid to avoid resignations by ministers determined to support a backbench bid to take a “no deal” Brexit off the table this week, according to the Telegraph.

MPs will be able to have a final vote on the Brexit deal by 12 March, Prime Minister Theresa May has said. Speaking to reporters as she travelled to a summit in Egypt, Mrs May ruled out holding the parliamentary vote on her deal this week. She said talks with the European Union were “still ongoing”.

British opposition leader Jeremy Corbyn said if his party won power he would renegotiate a Brexit deal with the European Union and could hold another referendum, as he comes under pressure to support giving the public another chance to stay in the bloc.

Dozens of normally loyal Conservative MPs could rebel against the government in a bid to prevent a no-deal Brexit, Downing Street has been warned. Leaders of the Brexit Delivery Group of both Leavers and Remainers say MPs may back alternatives if Mrs Theresa May's reworked deal cannot command a Commons majority.

British Prime Minister Theresa May said she held “constructive” talks in Brussels on Wednesday as she sought concessions on Brexit from a sceptical European Union, her strategy further battered by the defection of three lawmakers.

Three pro-EU lawmakers from Britain's ruling Conservatives quit over the “disastrous handling of Brexit” on Wednesday, in a blow to Prime Minister Theresa May's attempts to unite her party around plans to leave the European Union.

The two-day Overseas Territories Attorneys General Conference 2019 kicked off Tuesday morning, with AGs and other delegates from 13 jurisdictions gathering in Cayman to discuss issues of mutual interest. The issues scheduled to be discussed included Brexit, anti-corruption, natural disasters, criminal justice and human rights.

HSBC warned it may have to delay some investments this year as Europe's biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain. HSBC reported a drop in fourth-quarter revenue amid tumbling stock markets that sapped customer's confidence in investing.

Japanese car giant Honda is expected to announce the shutdown of its plant in south west England in 2022, putting 3,500 jobs at risk, media reports said on Monday. The car manufacturer is to announce the closure of its Swindon plant on Tuesday, according to Sky News, but still keep its European headquarters in nearby Bracknell.