While the EU-UK leaders are struggling to agree over Irish backstop during the final month of the Brexit, Reuters came out with the pre-released extracts of the British Prime Minister Theresa May's speech at northern England.
"If we don't pass the meaningful vote on Tuesday we'll go into a parliamentary process that very likely will lead to an extension of time and an uncertain outcome, more uncertainty for the British economy, more uncertainty for people across the country", Hammond told broadcasters.
While the European Union still hopes for a breakthrough at the weekend, Brussels fears British Prime Minister Theresa May could try to negotiate directly with the other 27 European Union leaders at a Brussels summit on March 21-22, just a week before Brexit day.
The Home Secretary has begged the Cabinet to back the plan, which has been created if an agreement within Parliament on a deal is not reached.
When asked directly if Hammond would leave the government if May made a decision to leave without a deal, he said: "I have always said that I believe it would be a very bad outcome for the United Kingdom to leave the European Union without a deal".
"The political establishment comprised of the Conservative party and the Labour party are now working all out to overturn the referendum, either to keep us in the European Union or make sure we can join again after a short period of Mrs May's "not really leaving" agreement ..."
"The Government will set out what it believes to be the correct tariffs if indeed we get to a no-deal scenario", he said.
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Further adding to the uncertainty was an amendment passed by Britain's House of Lords on Wednesday calling for the government to negotiate a customs union with the European Union, giving May a potential new headache in her Brexit plans.
Negotiators are preparing to work through the weekend in a frantic effort to break the deadlock over the backstop measures, which are aimed at preventing a hard border with the Republic of Ireland if no alternative trading arrangements are in place.
"These discussions are running, they're going to be resuming very shortly, they're going to be continuing nearly certainly throughout the weekend", Geoffrey Cox, who is leading the talks, told British MPs.
May's top lawyer returned empty-handed from negotiations in Brussels this week.
Barnier confirmed the two sides were still stuck on the so-called "backstop", aimed at keeping open the border between European Union member Ireland and British Northern Ireland. Speaking afterwards, the Belfast pupil said: "We sought assurances from Michel Barnier that he wouldn't water down his solution to the backstop which is a necessary insurance policy for Northern Ireland".
Geoffrey Cox, the Attorney General, and Steve Barclay, the Brexit Secretary, returned from talks in Brussels on Tuesday admitting there was no prospect of an imminent deal.
"I think the House of Lords already signed its own death warrant when it opposed Brexit a year ago, and now we quickly need to summon the executioner and see them off".