What next: Defeat of Theresa May's deal means new Brexit precipice

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What next: Defeat of Theresa May's deal means new Brexit precipice
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Prime Minister Theresa May's Brexit deal is all but dead, after lawmakers voted to reject it for a third time Friday -- the day Britain had long been scheduled to leave the European Union.

The U.K. now faces a deadline of April 12 to present the EU with a new plan, or crash out of the bloc without an agreement.The EU has given Britain until April 12 -- two weeks away -- to decide whether it wants to ask for another postponement to Brexit. The bloc has called an emergency Brexit summit for April 10 to deal with a British request, or prepare for a no-deal Brexit.

The bloc is reluctant to have a departing Britain participate in European Parliament elections in late May, as it would have to do if Brexit is delayed. But EU Council President Donald Tusk has urged the bloc to give Britain the extension if it plans to change course and seek a softer Brexit that keeps close economic ties between Britain and the bloc.

But a customs union would ensure U.K. businesses can continue to trade with the EU, and would solve many of the problems that bedevil May's deal. In particular it would remove the need for customs posts and border checks between Ireland and Northern Ireland.

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