Market focus is firmly on U.K. Prime Minister Boris Johnson's next move after losing control of parliamentary business on Tuesday.
Market focus is firmly on U.K. Prime Minister Boris Johnson's next move after a majority of U.K. lawmakers voted Tuesday to take control of parliamentary business on Tuesday.
Britain's Prime Minister Boris Johnson is driven away from the Houses of Parliament after attending an emergency debate on a no-deal Brexit in London on September 3, 2019Market focus is firmly on U.K. Prime Minister Boris Johnson's next move after a majority of U.K. lawmakersThe result sets up another key vote in parliament on Wednesday on whether to block the government from proceeding with a no-deal Brexit on October 31, if no Brexit deal is agreed by that date.
The move by lawmakers put parliament on a collision course with Johnson's government. Johnson had hoped to keep the prospect of a no-deal scenario on the table in a bid to strengthen his hand in last-ditch negotiations with the EU to get amendments toWhat happens next is uncertain, with various potential scenarios including a possible snap election – the timing of which could largely determine the direction Brexit takes given the default position is that the U.K.
The dramatic day in British politics on Tuesday also saw a Conservative Party MP defect to the opposition, leaving Boris Johnson without a working majority in parliament.
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