May's latest offer represents possibly the final throw of the dice for a Prime Minister who has run out of options.
Almost three years after the UK voted to exit the EU, May's deal has been rejected three times by Parliament. She's tried cross-party talks to work out a joint plan with Corbyn but they collapsed last week.
May has promised to put her deal, in the form of a draft law, to a vote in Parliament in the first week of June. Facing overwhelming calls for her to resign, the Prime Minister has promised to agree to the timetable for her own exit once that vote has taken place. Barring a political miracle, May is headed for a humiliating end to her career.
"I have tried everything I possibly can to find a way through," May told an audience in central London. "I offered to give up the job I love earlier than I would like."
The Prime Minister said that although the cross-party talks with Labour have failed, most MPs still want to deliver the result of the 2016 referendum. Then she set out her offer of "one last chance to do that."
As part of a 10-point plan, May promised:
- A choice for Parliament over the kind of customs model the UK should have with the EU after Brexit.
- A guaranteed vote on whether to call a second referendum to ratify the terms of the exit deal, before Parliament can approve the divorce.
- Alternative arrangements to mitigate the impact of the so-called "backstop" plan to for avoiding a hard border with Ireland.
But first members of the House of Commons will need to vote in favour of May's overall divorce deal in the first week of June.
- Bloomberg