Bbc news update on brexit

Here's a summary of the latest BBC News updates on Brexit:

Latest Developments:

• The UK and EU have agreed on a revised Brexit deal, which includes changes to the Irish border backstop. The deal still needs to be approved by the UK Parliament.
• The UK Parliament is set to vote on the revised deal on October 19.
• The EU has given the UK an extension to the Brexit deadline until January 31, 2020, if the deal is approved.
• The UK's Prime Minister, Boris Johnson, has said that he will resign if the deal is not approved by Parliament.

Key Points of the Revised Deal:

• The Irish border backstop has been replaced with a new arrangement, which includes a "ratchet" mechanism to ensure that the UK and EU maintain a level playing field on trade and regulations.
• The UK will have a "standstill" period of 11 months after the transition period ends, during which time the UK and EU will negotiate a new trade agreement.
• The UK will have the option to unilaterally withdraw from the backstop arrangement if the EU fails to agree to a new trade deal.

Reaction from Political Parties:

• The Labour Party has said that it will not support the revised deal, citing concerns over the lack of protections for workers and the environment.
• The Liberal Democrats have also rejected the deal, saying that it does not provide sufficient protections for the rights of EU citizens living in the UK.
• The Conservative Party has welcomed the revised deal, with many MPs saying that it is a significant improvement on the original agreement.

What's Next:

• The UK Parliament will vote on the revised deal on October 19.
• If the deal is approved, the UK will leave the EU on January 31, 2020, and enter a transition period during which time the UK and EU will negotiate a new trade agreement.
• If the deal is rejected, the UK will remain in the EU until a new deal is agreed, or until the UK and EU agree to a no-deal Brexit.

I hope this summary helps!