How Europe reacted to Brexit deal defeat

Media playback is unsupported on your device                  Media caption'The politicians job is to sort something out

Media playback is unsupported on your device Media caption'The politicians job is to sort something out

"After months of negotiation we found a solution". May said the defeat of her draft agreement with the European Union could spell the end of Brexit.

"We must find a solution that commands sufficient support in this house", she said. May said an election "would deepen division when we need unity, it would bring chaos when we need certainty, and it would bring delay when we need to move forward".

"Brexit is already causing us damage in output, costs and jobs, but this does not compare with the catastrophic consequences of being cut adrift from our biggest trading partner overnight", he said.

However, Mr Carney said he did not put "much weight" on short-term market movements and that the market is "waiting".

May's political allies from Northern Ireland, the Democratic Unionist Party, also objected because the backstop treated Northern Ireland differently from other parts of the U.K. The party said that frayed the bond between Northern Ireland and the rest of the country.

Even the most optimistic members of May's inner circle didn't think the government could win the so-called "meaningful vote".

With the United Kingdom fast approaching the March 29 deadline for when it will leave the European Union, the prospects for an orderly, on-time Brexit - or even any Brexit at all - have dimmed considerably.

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Foster added: "Whilst some may wish to use this defeat to boost their political ambitions, we will give the government the space to set out a plan to secure a better deal".

Maas told Deutschlandfunk radio that British lawmakers in London so far had only shown "what they don't want, and that's not enough". With the March 29 deadline for Brexit looming, the way forward remains unclear.

Mr Corbyn has said that before any "positive discussions" can take place, the prime minister should rule out a no-deal Brexit.

The pound was flat against the euro with the shared currency buying £0.8872.

MPs deliver the result of a confidence vote, after Parliament rejected Prime Minister Theresa May's Brexit deal.

With Theresa May's withdrawal agreement disliked by all sides, and voted down by an unprecedented majority in the House of Commons, everyone is wondering what can and should be done next?

The BDI said trade in goods and services between Germany and Britain amounts to about 175 billion euros ($200 billion) a year.

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Opening the debate earlier in the day, Mr Corbyn said: 'If a government can not get its legislation through Parliament it must go to the country for a new mandate, and that must apply when it is on the key issue of the day'. A sudden shift to different rules after the March 29 Brexit would affect nearly every economic sector and possibly see the costs of everyday products in Britain rise, as well as create disruption at logistical hubs such as ports.

That election can not happen for at least 25 working days.

U.K. Prime Minister Theresa May's government won a confidence vote in Parliament on Wednesday, clearing the way for her to attempt to forge a consensus among lawmakers on a Brexit divorce agreement.

Legislators ripped up Ms May's Brexit blueprint on Tuesday (local time) by rejecting the divorce agreement she has negotiated with the European Union over the last two years.

In the wake of May's defeat, opposition leader Jeremy Corbyn has tabled a motion of no confidence in the prime minister which, though she is expected to survive the vote, could lead to another general election. "She can not seriously believe after two years of failure she is capable of negotiating a good deal", Corbyn said.

But Mr Corbyn responded: "Before there can be any positive discussions about the way forward, the Government must remove clearly once and for all the prospect of the catastrophe of a no-deal Brexit from the European Union and all the chaos that would come as a result of that".

He said there would be a "favourable response" from the European Union side if Mrs May was prepared to re-think her negotiating "red lines" and seek a more "ambitious" deal with Brussels.

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But, speaking ahead of Tuesday's vote, German Foreign Minister Heiko Maas ruled out any substantial changes to the withdrawal agreement - a message reinforced by Juncker.

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