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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessPM To Deliver Statement To Commons On Ukraine, Energy, Partygate ~1530BST
Prime Minister Boris Johnson is set to deliver a statement to the House of Commons at around 1530BST (1030ET, 1630CET) this afternoon focusing on the war in Ukraine, the UK's energy security strategy, and the investigations into COVID-19 rule breaking at 10 Downing Street, known as 'partygate'.
- The statement will be Johnson's first appearance in the Commons since he and Chancellor of the Exchequer Rishi Sunak were served with fixed penalty notices for breaches of COVID-19 lockdown restrictions in 2020.
- While the penalty in iteslf does not compel Johnson to resign, there is the prospect that the opposition seeks to put forward a motion that Johnson has held the House in contempt by misleading the House in previous comments stating that he had done nothing wrong. Speaker Sir Lindsay Hoyle could also allow MPs to vote on referring the PM to a formal parliamentary investigation.
- Just weeks ahead of the 5 May local elections in England, pressure is back on the PM with polling support for his Conservative party falling and rumours that a poor performance in the 5 May vote could spur opponents in the party to challenge his leadership.
- Data from Smarkets shows political bettors giving Johnson a 32.8% probability that he will leave office in 2022, up from 22.7% on 9 April. The prospect of him leaving office in 2024 or beyond is down from 51.6% on 12 April to 44.6% at the time of writing.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.