U.K.'s Corbyn to Offer Public Vote on Any Deal: Brexit Update

(Bloomberg) -- U.K. Prime Minister Theresa May said she is poised to make a “bold” new offer to members of Parliament in a bid to pass her Brexit deal on the fourth attempt.

Talks with the opposition Labour Party to find a compromise deal collapsed on Friday and her Conservative Party is facing a drubbing in the May 23 European Parliament elections.

Key Developments:

• May promises improvements on workers’ rights in her Brexit deal
• Group of 60 Tory MPs seek to stop a new leader from pursuing a no deal Brexit
• Labour leader Jeremy Corbyn offers public vote on any Brexit plan

Corbyn Says Public Vote on Deal ‘Reasonable’ (11.20 a.m.)

Labour leader Corbyn went further than before in his support for a second referendum, saying the public should get a confirmatory vote on his party’s own Brexit deal, not just May’s. He told BBC’s Andrew Marr show that it would be reasonable to put any Brexit deal to a vote.

“If we can get that through Parliament -- the proposals we’ve put -- then I think it would be reasonable to have a public vote to decide on that in the future,” Corbyn said.

Corbyn said he’d look very carefully at May’s new proposals on workers’ rights, but wouldn’t give them a “blank cheque.”

The Labour leader also said he’d be open to negotiating free movement of people with the European Union, despite having previously said he’d end it.

Rudd Leads Tories Against No Deal (10.10 a.m.)

Work and Pensions Secretary Amber Rudd is spearheading a group of 60 Tory MPs seeking to stop a new Conservative party leader from pursuing a no deal Brexit, according to a person familiar with the matter.

The group, which also includes Nicky Morgan and Tobias Ellwood, could be a blow to bookies’ leadership favorite Boris Johnson.

The so-called One Nation Caucus will launch a manifesto-style declaration of 10 values on Monday, rejecting “narrow nationalism” and calling for the U.K. to be a leader on the global stage.

“Our focus must be to get Brexit across the line. Get that out the way, so we can then have a bigger, wider debate as to how we can earn the respect of the nation; to be a one nation, progressive party, center-right, fiscally responsible, able to take the nation forward,” Ellwood told Sky News’s Sophy Ridge Sunday.

‘New and Improved’ Deal (8:25 a.m.)

In an attempt to win support from more Labour MPs, May plans to include extra protections for workers in her Brexit deal.

Writing in the Sunday Times, May said she will make a “bold offer” to MPs, with a “new and improved” deal before they vote again.

At Tuesday’s Cabinet meeting, ministers will consider plans for a series of indicative votes, which could identify a parliamentary majority for any Brexit outcome, she said.

To contact the reporter on this story: Jessica Shankleman in London at jshankleman@bloomberg.net

To contact the editors responsible for this story: Tim Ross at tross54@bloomberg.net, Dylan Griffiths, James Amott

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