How does a no confidence vote work? We explain the process of Theresa May’s leadership challenge December 12, 2018 Theresa May is fighting to hold on to her job as Conservative MPs prepare to cast their ballots in a vote of no confidence this evening. But how will the vote work and what might happen next? Here we aim to answer all your questions. Why is it happening? May has been under pressure since [...]
The next Prime Minister? Six MPs who could succeed Theresa May December 12, 2018 If Theresa May loses a vote of no confidence on Wednesday evening, the starting gun will be fired on who will be the next Prime Minister. With no obvious candidate to succeed her, the race to Downing Street is set to be highly unpredictable. City A.M. looks at six of the most likely candidates: Boris [...]
No confidence: This is how Tory MPs plan to vote in tonight’s crucial contest over Theresa May’s future as Prime Minister December 12, 2018 The number of MPs who have declared themselves either in support of or against the leadership of Prime Minister Theresa May is growing. Here's who has said what so far. A vote of no confidence was triggered this morning, after more than 48 MPs sent in letters to Sir Graham Brady who controls the process. The [...]
Theresa May hints she won’t fight next election as Conservative leader December 12, 2018 Theresa May will tell her warring MPs that today’s vote in her leadership is about Brexit, not about who will lead the Conservatives into the next general election. The Prime Minister will address a meeting of MPs at 5pm this afternoon, just an hour before a vote of no confidence in her leadership begins. May needs [...]
FTSE 100 and sterling climb on Brexit delay possibility and US-China trade tensions easing December 12, 2018 The FTSE 100 is up one per cent today despite blue-on-blue infighting in the Tory party seeing Prime Minister Theresa May face a threat of a no confidence vote this evening. Conservatives will vote in a secret ballot tonight on whether they wish May to remain leader or whether she should stand down, after she [...]
Designing a ‘people’s vote’ is a political minefield all on its own December 12, 2018 It’s like a giant jigsaw puzzle where, however hard you try, the pieces will never fit together. That’s the state of play with Brexit. Whichever way you present the options, nothing seems to command a parliamentary majority. Amid the chaos, talk has increased of a so-called “people’s vote” as the only way to break the [...]
Theresa May vows to fight no confidence vote, warning leadership contest risks Brexit December 12, 2018 Theresa May has vowed to fight today’s no confidence vote “with everything I’ve got”, as she warned that a change of leadership would delay or even cancel Brexit. Addressing media outside Downing Street this morning after Sir Graham Brady of the 1922 Committee confirmed the 48-letter threshold for a no confidence vote has been reached, [...]
Rolls-Royce confirms full-year profit guidance as it flies past supply problems December 12, 2018 Aerospace and defence giant Rolls-Royce has confirmed its full-year profit and cashflow guidance for 2018 with expectations that it will be in the upper end of its previously announced range. The enginemaker said it expected operating profit to be £400m, plus or minus £100m, with cashflow expected to be £450m, plus or minus £100m. Its [...]
Fire May, or her zombie deal will come back to haunt us all December 12, 2018 The withdrawal agreement is dead. Like that famous Norwegian Blue parrot of Monty Python legend, it has simply ceased to be. Its death was not achieved by a humiliating massive vote against it, but, in that cack-handed way only Theresa May manages to finesse, by it never facing a vote at all. It died through lack [...]
The City is braced for a hard Brexit – why aren’t MPs? December 11, 2018 Had things worked out differently we could have woken up this morning to news that MPs voted last night in favour of Theresa May's withdrawal agreement. The transition period was secured, talks would move on to the future trade deal and businesses would breath a mighty sigh of relief. Instead, we rise to find another [...]