Britain may postpone its exit from the EU or hold a second referendum.

The European Union has opened the door to Britain postponing its exit from the bloc beyond the March 29 deadline, as the Labour Party said it could eventually support a second referendum. 

According to the BBC, Jeremy Corbyn is to tell Labour MPs the party will move to back another vote if their own proposed Brexit deal is rejected on Wednesday.

The BBC’s Vicky Young said it was a highly significant development as Mr Corbyn has previously been “lukewarm” about the idea of another vote.

European Council President Donald Tusk said he had discussed the “legal and procedural context of a potential extension” when he met with British Prime Minister Theresa May, on the sidelines of an EU-Arab summit in Egypt’s Sharm el-Sheikh.

I believe in the situation we are in, an extension would be a rational solution but Prime Minister May still believes she’s able to avoid this scenario, Mr Tusk told a closing summit press conference.

The EU has been watching with growing alarm the possibility that Britain will crash out of the bloc without a deal, risking chaos on both sides of the Channel.

SECOND REFERENDUM?
Britain remains as divided as ever over Brexit, which a narrow majority of voters called for in a June 2016 referendum.

Mrs May sparked outrage in the UK when she suggested on Sunday that parliament may not be able to vote on her Brexit deal until March 12, just 17 days before Britain leaves the EU.

The decision increases the chances that politicians will in a series of votes this week move to delay Brexit beyond March 29, to avoid a no-deal Brexit.

The opposition Labour Party on Monday raised the pressure, saying it would put forward its own plan for Brexit, which calls for Britain to stay in the EU customs union, as part of those votes.

Labour then said if its plan was rejected, it would lend its support to an amendment on holding a second referendum on EU membership — without specifying a date.

We are committed to … putting forward or supporting an amendment in favour of a public vote to prevent a damaging Tory Brexit being forced on the country, Labour leader Jeremy Corbyn said in a statement.