Free Trial

The gov't was defeated in the Commons late.......>

UK
UK: The gov't was defeated in the Commons late Tues, by 328 to 301, putting
control of the Commons into the hands of the opposition & Tory rebels on Weds.
They will aim to pass a Bill to seek an Art. 50 extension & remove the threat of
a no deal Brexit on Oct 31. It is reasonable to assume that the Bill will pass.
- PM Johnson stated that Parliament is on the brink of "wrecking any deal we
might get with Brussels. This Bill will hand control of Brexit to the EU. I
refuse to go along with that plan. I don't want an election but if the House
votes the public will have to choose who goes to Brussels on Oct 17," tabling a
motion to trigger a snap election under the FTPA. If 2/3 support the gov't, a
snap election will be called. If not, gov't will be forced to ask for an Art. 50
extension to January 31 unless a Brexit deal is struck with the EU by Oct 19.
- Labour leader Corbyn has noted that the party will "support a vote to call a
General Election, so the people can decide our country's future, once the Bill
to stop No Deal is law." BBC sources confirmed that all 21 Tory rebels are set
to kicked out of the party, but Andrea Leadsom has suggested that they may gain
a reprieve if they change their minds tomorrow, per BBC.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.