• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Brexit

Theresa May Could Be Close to a Brexit Deal but She’s Losing Tory Party Members

By
Alex Morales
Alex Morales
,
Jessica Shankleman
Jessica Shankleman
,
Tim Ross
Tim Ross
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
By
Alex Morales
Alex Morales
,
Jessica Shankleman
Jessica Shankleman
,
Tim Ross
Tim Ross
, and
Bloomberg
Bloomberg
Down Arrow Button Icon
February 20, 2019, 6:00 PM ET
Add Fortune on Google for similar content.

U.K. Prime Minister Theresa May is racing to find a way out of the Brexit impasse amid mounting evidence that an agreement is within reach.

Brexit Secretary Steve Barclay and Attorney General Geoffrey Cox are due in Brussels on Thursday with proposed changes the U.K. is seeking to the divorce deal to make it acceptable to the House of Commons.

That follows a meeting Wednesday between May and European Commission President Jean-Claude Juncker that they described in a joint statement as “constructive.” Meanwhile Spanish Foreign Minister Josep Borrell told Bloomberg an agreement is already being hammered out.

In a sign of the rising optimism in May’s team, two senior ministers privately predicted that a deal would be reached within days and potentially put to a vote in Parliament next week.

Still, the progress in Brussels comes as problems mount domestically for the premier with lawmakers quitting her party and ministers plotting to challenge her in a crunch vote next week.

With fewer that 40 days to go until Brexit day, both sides are wrestling with how to get a deal over the line. They’re trying to avoid the U.K. crashing out of the bloc without an agreement, potentially crashing the pound and damaging both the British and EU economies.

Irish Backstop

The deal May reached last year with the EU was rejected by the House of Commons last month in a record defeat for a U.K. government. Objections from the pro-Brexit wing of her Conservative Party centered on the so-called Irish backstop, which seeks to guarantee no hard border in Ireland after the split. May is now seeking legal guarantees to ensure the backstop can only be temporary.

One of the ideas the British side has been considering is an added “codicil” or appendix to the Brexit deal. This legally enforceable text could give the U.K. a unilateral exit mechanism from the backstop, but with a long 12-month notice period, according to a senior official who asked not to be named.

Working ‘At Pace’

May and Juncker on Wednesday discussed what legal assurances are possible on the temporary nature of the backstop, according to their statement. Crucially, it made no mention of reopening the withdrawal agreement, a key demand of May’s domestic opponents. The two leaders also discussed possible additions to the political declaration setting out the broad strokes of a future relationship between the U.K. and EU.

“We’ve agreed that work to find a solution will continue at pace,” May told broadcasters after their meeting. “Time is of the essence, and it’s in both our interests that when the U.K. leaves the EU it does so in an orderly way.”

In a sign of how little faith the EU has in May’s ability to drive a renegotiated deal through Parliament, the bloc wants to test proposed changes to the backstop in the House of Commons first. Only when they’re sure it’ll do the trick would they then get EU leaders to sign off on the text at a summit, two officials told Bloomberg.

Ministerial Challenge

But the premier wants to be able to show Parliament that she’s made significant progress on getting the Irish backstop fixed by next week, according to a person familiar with her plans. She’ll attend an EU summit in Egypt on Sunday, and talks on Brexit are expected on the sidelines. It’s not a European Council meeting and not all leaders are expected to attend, so major decisions can’t be made there.

May is racing to beat a deadline of Feb. 27, when Parliament is due to have another vote on Brexit. If she has nothing to show for her efforts by then, rank-and-file lawmakers are threatening to seize control of the process, and force her to postpone the March 29 exit day.

In a sign of the challenge the prime minister faces next week, as many as 15 ministers are debating voting against her Brexit strategy and then challenging her to fire them in next week’s planned ballots, three people familiar with the matter said. The senior officials want to back a cross-party effort to stop Britain crashing out of the bloc without a deal.

Adding to her domestic woes, three lawmakers quit the party Wednesday to join eight Members of Parliament who earlier this week quit the Labour Party. Announcing their resignations, Anna Soubry, Sarah Wollaston, and Heidi Allen criticized the premier for trying to placate the hard-line Brexiteers in her party and warned that more Tories may quit.

About the Authors
By Alex Morales
See full bioRight Arrow Button Icon
By Jessica Shankleman
See full bioRight Arrow Button Icon
By Tim Ross
See full bioRight Arrow Button Icon
By Bloomberg
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Current refi mortgage rates report for July 2, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for July 2, 2026
By Glen Luke FlanaganJuly 2, 2026
27 minutes ago
Mortgage rates today, July 2, 2026
Personal Financemortgages
Mortgage rates today, July 2, 2026
By Glen Luke FlanaganJuly 2, 2026
27 minutes ago
Current ARM mortgage rates report for July 2, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for July 2, 2026
By Glen Luke FlanaganJuly 2, 2026
27 minutes ago
hegseth
Startups & VentureVenture Capital
The defense tech boom has become a bubble—or it will be soon
By Allie GarfinkleJuly 2, 2026
28 minutes ago
Emily Blunt is worth $80 million and just pocketed $15 million for her latest film—but she once wanted to be a Spanish translator for the UN
SuccessCareers
Emily Blunt is worth $80 million and just pocketed $15 million for her latest film—but she once wanted to be a Spanish translator for the UN
By Orianna Rosa RoyleJuly 2, 2026
30 minutes ago
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
InvestingDonald Trump
Trump’s 927-page disclosure is just a normal Tuesday for direct indexing and crypto wealth managers
By Catherina GioinoJuly 1, 2026
9 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
1 day ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
22 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
19 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.