Brexit: Nigel Farage Rails Against "Worst Deal In History"

Both the United Kingdom and EU want to schedule a special summit of European leaders at the end of November to sign off the withdrawal deal, but time is running out.

Negotiators have been meeting late into the night in Brussels in a bid to close the remaining gaps.

The news saw the British pound shoot up in value to 1.304 dollars from 1.285 on Tuesday at 2200 GMT.

However, many obstacles remain: there are questions around whether the terms in the document will be agreed on by individual European Union member states and by a majority within the U.K. Parliament.

It also provides for additional "deeper" provisions for Northern Ireland on customs and regulations, RTE said.

With a number of Brexit's leading lights in her Cabinet - along with some converts - she now has to convince those Brexiteers that the text - which is expected to agree to an arrangement keeping the whole of the United Kingdom in close alignment with the European Union - fulfills the result of the 2016 referendum.

The EU and the United Kingdom need an agreement to keep trade flowing between the world's biggest trading bloc and the United Kingdom, home to the biggest worldwide financial center.

But May has struggled to untangle almost 46 years of membership without damaging trade or upsetting the lawmakers who will ultimately decide the fate of any deal she can secure. Crucially, there is the question of whether the government can command the support of the Democratic Unionist Party, on whose votes it would be reliant to get legislation through Parliament.

However, the real challenge will then become whether May can get that deal through parliament. She faces a deeply divided government, party, parliament and country.

Former foreign secretary Boris Johnson - who had not seen the text of the deal - signalled his intention to vote against it.

"I think we're behaving like a nation that's been defeated and surrendered and is suing for good peace that is how I feel". It is utterly unacceptable to anybody who believes in democracy.

Ms. May's Brexit strategy has provoked much division within her own government.

Her compromise plan, which seeks to maintain close trade ties with the European Union in the future, faces opposition from Brexiteers, pro-Europeans, the Northern Irish party that props up her government, and even some of her own ministers.

"Whether it's a double backstop, a backstop to the backstop or a hybrid backstop, that's not the point".

The backstop is the mechanism that will ensure there is no hard border in Ireland after Brexit, acting as a fallback if the new trade relationship after the transition fails to deliver no hard border.

Both sides are hoping for a special summit at the end of the month to finalise the "divorce agreement" and thrash out the issue of the Irish border.

The British government supplied no immediate details on the Brexit deal text, which runs to hundreds of pages.

The draft agreement is thought to involve a customs union remaining between the United Kingdom and the EU, with some special arrangements in Northern Ireland to prevent a border with the Republic being necessary.