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UK: The Labour Party's ruling body - the National Executive Committee - decided
not to commit to a second referendum on any Brexit deal agreed with the Tories,
and has effectively only left this option open for any deal not backed by Labour
(i.e. May's deal, no-deal Brexit etc). Two interesting takeaways:
1. Does this mean a deal is more likely in the near-term? PM May yesterday
declared she wanted cross-party talks to conclude by the end of next week. That
seems optimistic, but perhaps she has indicated a willingness to back down on
some of her red lines and the Labour leadership sense they can get a deal
agreed. Reflecting this possibility, the Daily Telegraph today runs with the
headline: "Theresa May preparing to cave in to Labour demands on Brexit,