Brexit's new cards

Some people are saying that PM Theresa May’s statement, made this evening, is more of the same. I disagree. It is not. Cabinet did not spend seven hours discussing the matter for nothing.

The Prime Minister´s words are very clear.

First, there is no way she will preside over a No Deal Brexit. That is a key message. She understands the immense negative impact of such an avenue and might have been able to convince enough people in her Cabinet that such an option cannot be seriously considered. She might be very stubborn, but she is no fool. And she is determined in her opposition to a No Deal. I appreciate that.

Second, she has finally accepted she needs to reach an agreement with the Labour Party. That is also an important step forward. And she seems ready to give it a try. I appreciate the move.

Third, the most plausible option could now be the approval of her Withdrawal Agreement (WA) followed by a confirmatory referendum. Or, just the taking of the WA to the voters. That would also be the best option. The second best would be the approval of the WA in Westminster coupled with the endorsement by Parliament of a revised Political Declaration that would point in the direction of a customs union.

Things could be moving fast in the next few days.