Prime Minister Boris Johnson has pledged to deliver Brexit on October 31 'do or die, come what may.'
Brexit"The overriding theme for the week will be the ongoing rift in the Conservative Party," Kallum Pickering, senior U.K. economist at Berenberg Bank, said in a research note.Prime Minister Boris Johnson has pledged to deliver Brexit on October 31 "do or die, come what may" even if that means leaving the bloc without a deal in place.
The leader of the opposition Labour party Jeremy Corbyn said Monday that this week could prove to be the "last chance" for lawmakers to stop a no-deal Brexit. If Johnson followed through with this threat, it would eradicate his wafer-thin parliamentary majority and make his ability to govern very difficult.What will happen this week?
Presently, MPs are not scheduled to hold any debates in parliament until September 9, but the Labour party has said it will try to secure an emergency debate this week.That's because lawmakers will first need to take control of the parliamentary agenda before passing a law to block a no-deal Brexit through both houses of parliament.Instead, lawmakers might decide the only way to achieve their goal would be to "topple the government in a vote of no-confidence.
"If Boris Johnson were to frustrate or ignore this law, then expect a vote of no confidence later down the line or even Boris declaring the need for an election himself," Jordan Rochester, currency analyst at Nomura, said in a research note.In the scheme of things, analysts have dismissed Javid's speech as a "relatively tame affair," which is likely to focus on key election-sensitive areas such as policing, health and education.
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