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MPs reject Theresa May’s Brexit deal for a third time by 344 votes to 286

MPs have rejected Theresa May's Brexit deal by 344 votes to 286.

Read more: Asking the people is the only way to end this Brexit nightmare

The Prime Minister lost the deal by a majority of 58 votes, narrowing a defeat of 240 votes in January and 149 votes in March as a number of Tories who were previously opposed to the deal, such as Boris Johnson, Dominic Raab and Jacob Rees-Mogg swung behind it.

Only five Labour MPs – Kevin Barron, Rosie Cooper, Jim Fitzpatrick, Caroline Flint and John Mann – voted for the deal, while 34 Tories defied the whip and voted against it.

Sterling slipped below $1.30 following the vote.

Addressing the house, May said the implications of the House's decisions were "grave".

She said it was "matter of profound regret that once again this House been unable to support leaving European Union in an orderly way" and that the UK was now due to leave the EU on 12 April, which she said did not allow enough time to agree or ratify a deal.

But at the same time, the House had "made it clear it will not leave without a deal", she said.

The result meant the UK would have to hold EU Parliamentary elections, she said.

She also warned that any further extension would have to be for a "clear purpose" and would need to be approved unanimously by the 27 EU leaders.

"On Monday, this House will continue the process to see if there is a stable majority for a particular alternative version of our future relationship with the E," she said.Of course, all of the options will require the withdrawal agreement.

"Mr Speaker, I fear we are reaching the limits of this process in this House."

She continued: "This House has rejected no deal. It has rejected no Brexit. On Wednesday it rejected all the variations of the deal on the table. And today it has rejected approving the withdrawal agreement alone and continuing a process on the future.

"This government will continue to press the case for the orderly Brexit that the result of the referendum demands."

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Following the result, EU Council president Donald Tusk said he would called a EU Council meeting on 10 April.