Following the rejection of the deal second time, the Members of Parliament have been promised another vote on Wednesday, wherein they can decide whether the UK should leave the EU without a deal. If that, too, is rejected, parliament could then vote on whether to request a Brexit extension.
Britain is scheduled to end ties with its biggest trade partner, EU, after 46 years on March 29, However, this move can throw the nation into a state of economic chaos.
Meanwhile, European Council President Donald Tusk said that the EU is "disappointed" by tonight's Brexit result. He further said that it has done "all that is possible to reach an agreement" with the UK.
"Given the additional assurances provided by the EU in December, January and yesterday, it is difficult to see what more we can do. If there is a solution to the current impasse it can only be found in London," Tusk said in a statement.
"With only 17 days left to 29 March, today's vote has significantly increased the likelihood of a 'no-deal' Brexit. We will continue our no-deal preparations and ensure that we will be ready if such a scenario arises," he added.
The British Prime Minister's previously clinched deal with the EU has been rejected once by the Parliament already. Scores of MPs voiced their discontent, outlining the Irish backstop as a major roadblock to the parliamentary acceptance of the deal.
The Leader of the Opposition, Jeremy Corbyn, has time and again labelled it as a "botched deal", having previously announced his Labour Party's intent of holding a public vote to avoid a "damaging Tory Brexit.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)