Published: Wed, January 16, 2019
Money | By Arnold Ball

Dirhams & Dollars podcast - Tough day for Theresa May

Dirhams & Dollars podcast - Tough day for Theresa May

Jeremy Corbyn has now tabled a no confidence motion in Theresa May's government, giving her less than 24 hours to fight for her job.

Politico: "Michel Barnier sees high risk of no-deal Brexit" - "The risk of a no-deal Brexit is up sharply and the European Union must step up its emergency planning, the bloc's chief negotiator, Michel Barnier, said Wednesday". Corbyn dismissed her offer as too little, too late.

Theresa May in the House of Commons. Giving her reaction afterwards, she was barely able to contain her frustration. It is clear that the house does not support this deal but tonight's vote tells us nothing what it does support.

Tory MP Shailesh Vara, who voted against his own party, told TOI: "I put my constituents and the country first".

"The government's policy is that we are leaving the European Union on the 29th of March". That would leave Mrs May tied for fifth place with Margaret Thatcher, 72 of whose MPs revolted against her plan to abolish Sunday-trading laws in 1986. But these aren't normal times.

From Channel Tunnel operator Eurotunnel to Scottish whisky distillers, firms called for urgent and decisive government action and warned of the consequences of a no-deal Brexit. They were denied their moment in December, when May pulled the vote.

"Good luck to the representatives of the nation who have to implement something that doesn't exist", Macron said.

The immediate prospect for May is a cabinet meeting with her ministers on Wednesday morning when she may be encouraged to resign due to the magnitude of the defeat in the House of Commons.

"It's right for the prime minister to have discussions across parties as we need to get a consensus about how to go forward".

May has three days to outline her response to the rejected withdrawal agreement.

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EU Brexit negotiator Michel Barnier said the bloc is stepping up preparations for a chaotic "no-deal" departure after Parliament's actions left the bloc "fearing more than ever that there is a risk" of a cliff-edge departure.

The DUP, the government's confidence-and-supply partner, has said they will back the Prime Minister, as as the ERG, the Brexit-supporting wing over the Conservative Party, headed by Jacob Rees-Mogg. Others favor a customs union with the EU. Labour legislator Tulip Siddiq delayed the scheduled cesarean birth of her son so she could attend, arriving in a wheelchair.

McDonnell said it is increasingly likely that the government will have to ask for a extension to the formal process of leaving the European Union, which is known as Article 50.

"I believe this duty is shared with every member of this House, and we have a responsibility to identify a way forward that can secure the backing of the House", she said. "A new plan is needed immediately".

Political analyst Anand Menon, from United Kingdom in a Changing Europe, said history is being made week after week in the Brexit saga, with the government being held in contempt even as May soldiers on. May also accused Corbyn of tolerating anti-semitism in the Labour Party.

Although many practical details are offered, the website avoids getting specific about the still unclear consequences of a no-deal Brexit, which would mean no transition period to adapt to the new reality of the United Kingdom becoming a third country.

As lawmakers debated in the chamber, there was a cacophony of chants, drums and music from rival bands of pro-EU and pro-Brexit protesters outside.

May's government is likewise split.

Parliament voted 432-202 against her deal, the worst parliamentary defeat for a government in recent British history. "It is very important to respect that vote, to respect the democratic will of the British people", he said on FOX Business' "After the Bell" on Tuesday. He called it "a high-stakes political roller-coaster ride that shows no sign of stopping".

It has taken 19 months from the point where she squandered her parliamentary majority by calling an election for her to publicly acknowledge that she'll need to listen to opposition MPs if she wants to get a deal through Parliament. Many of the Conservative lawmakers who voted against her Brexit deal on Tuesday would likely rather have her in power during this slow-motion disaster than anyone else.

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