Brexit: How does a no confidence motion work, and what will happen today? January 16, 2019 The government will today face a vote of no confidence after Prime Minister Theresa May's Brexit deal was rejected by parliament last night. But what is a vote of no confidence, and how will it play out? How it works A vote of no confidence was called for by opposition leader Jeremy Corbyn yesterday, after [...]
Beyond the Westminster bubble, there’s more to politics than Brexit infighting January 16, 2019 “Chaotic useless bickering rudderless floundering humiliated Tories slump to six-point lead over Labour”, tweeted one of the parliamentary lobby’s wittiest members, Matt Chorley, in response to the latest YouGov poll on Monday. Theresa May’s consistent lead over Jeremy Corbyn is one of her key sources of strength as she goes through this turbulent time. Not only [...]
Capitalism has reduced inequality and improved the world, yet still it is under attack January 16, 2019 DESPITE the First World War ending the previous November, the year 1919 was a very bad one. For example, the UK entered what was by far its deepest ever economic recession. Output fell some 25 per cent between 1919 and 1921 as the economy attempted to adapt to peacetime conditions. The troops had been promised [...]
Business titans tell ministers ‘next six months are critical’ in post-Brexit vote conference call January 16, 2019 Some of the UK’s highest-flying executives reportedly lashed out at the government after its historic defeat on Theresa May’s Brexit deal in parliament yesterday. The bosses of Balfour Beatty, Amazon and Tesco confronted cabinet members who failed to rule out a no-deal Brexit following the government’s massive defeat in a heated conference call immediately after [...]
Westminster impasse over Brexit has come at just the wrong time January 16, 2019 Ongoing political turmoil surrounding Brexit has been harming the UK economy for at least a year, with data pointing towards a significant squeeze on growth in recent months. City AM recently called on MPs to consider this impact seriously when pondering their actions during the current constitutional crisis. So much for that. Investment decisions put [...]
Brexit: How the pound might react to parliament’s crunch vote tonight January 15, 2019 Sterling has been plagued by volatility in recent months as uncertainty around Brexit has heightened. Theresa May's withdrawal agreement has come under pressure from all sides, and she was forced to postpone a December vote on her deal until tonight, when MPs will get their say at 7pm. But what will happen to the pound? [...]
DEBATE: If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? January 15, 2019 If Theresa May’s deal fails to pass, is another referendum the best way to break the stalemate? Jo Swinson MP, deputy leader of the Liberal Democrats, says YES. Brexit has become a national embarrassment. In the last few weeks, the Conservative government has lost control in parliament, and the Labour frontbench – supposedly the official [...]
Brexit high noon spells danger for currency traders January 15, 2019 Theresa May’s ultimate showdown has finally arrived. The high-stakes parliamentary vote on her Brexit plans is due later today, and the outcomes vary wildly – from soaring success to complete political collapse. Currency traders lie in wait, hoping not to be caught on the wrong side of a sterling trade, which could whip wildly in [...]
Labour’s Brexit ambiguity is costing them in the polls January 14, 2019 The Prime Minister told MPs yesterday that their decisions over Brexit will be judged by history, but we don't have to wait that long to get a sense of the voters' verdict. Journalists travelling the country in recent days have noted a surprising amount of support for Theresa May. Whether driven by sympathy, admiration or [...]
Theresa May tells MPs that history is watching ahead of crunch Brexit vote January 14, 2019 Theresa May issued a desperate plea for support for her Brexit deal ahead of an historic vote by MPs on Tuesday evening The embattled Prime Minister warned members across the Commons that the eyes of history were on them as she tried to salvage her deeply unpopular plan for how the UK should leave the EU. [...]