Brexit hangs in balance as MPs to vote on May's tweaked deal

By Guy Faulconbridge and Kylie MacLella

LONDON (Reuters) - The future of Britain's exit from the European Union hung in the balance on Tuesday as lawmakers prepared to vote on a divorce deal after Prime Minister Theresa May won last-minute assurances from the European Union.

Scrambling to plot an orderly path out of the Brexit maze just days before the United Kingdom is due to leave, May rushed to Strasbourg on Monday to agree 'legally binding' assurances with European Commission President Jean-Claude Juncker.

British lawmakers, who on Jan. 15 voted 432-202 against her deal, were on Tuesday studying the assurances with lawyers. The government's top lawyer, Geoffrey Cox, is due to give his opinion on Tuesday ahead of the vote due around 1900 GMT.

“We have secured legal changes,” May said in a late night news conference in Strasbourg beside Juncker, 17 days before the United Kingdom is due to leave the EU on March 29.

After two-and-a-half years of haggling since the 2016 Brexit referendum, Juncker cautioned that this was the last chance for Britain.

“It is this deal or Brexit might not happen at all,” he said. Sterling rose 1.5 percent against the dollar and to a near two-year high against the euro.

If lawmakers vote down May's deal, she has promised a vote on Wednesday on whether to leave without a deal and, if they reject that, then a vote on whether to ask for a limited delay to Brexit.

The United Kingdom's labyrinthine crisis over EU membership is approaching its finale with an array of possible outcomes, including a delay, a last-minute deal, a no-deal Brexit, a snap election or even another referendum.

Brexit will pitch the world's fifth largest economy into the unknown and many fear it will divide the West as it grapples with both the unconventional U.S. presidency of Donald Trump and growing assertiveness from Russia and China.

BREXIT VOTE

Supporters of Brexit say while the divorce might bring some short-term instability, in the longer term it will allow the United Kingdom to thrive and also enable deeper EU integration without such a powerful reluctant member.

Brexit-supporting lawmakers in May's party had accused her of botching the negotiations with Brussels and surrendering on the detail of the backstop which sets out what happens to the Irish border if the sides fail to find a solution.

Many Brexiteers worried that the backstop, aimed at avoiding controls on the border between the British province of Northern Ireland and EU-member Ireland, could trap the United Kingdom in the EU's orbit indefinitely.

May announced three documents - a joint instrument, a joint statement and a unilateral declaration - which she said were aimed at addressing the Irish backstop, the most contentious part of the divorce deal she agreed with the EU in November.

The immediate reaction was cautious from Brexit-supporting lawmakers and from the Northern Irish Democratic Unionist Party (DUP) which props up her minority government.

“We will be taking appropriate advice, scrutinising the text line by line and forming our own judgement,” a DUP spokesman said.

The motion put forward by the government said the joint instrument “reduces the risk” that the United Kingdom would be trapped in the backstop.

If the backstop comes into force and talks on the future relationship break down with no prospect of an agreement, May said the unilateral declaration she announced would make clear there was nothing to stop London from moving to leave the backstop.

Former Attorney General Dominic Grieve, an opponent of Brexit, said the changes to May's deal did not make a material difference.