In Brexit news, PM May is reported to now be in favour of giving MPs a vote on alternative proposals to her Brexit plan. Then on the other side of Brexit, the EU will today publish a package of 14 contingency proposals aimed at avoiding the worst effects of a ‘no deal’ Brexit. Focus will then turn to US and the Federal Reserve decision last today.
Vote of No Confidence called on PM May, so what happens next? Early reports suggest vote secret ballot will take place tonight between (6-8pm) If a majority of Tory lawmakers vote that they have confidence in May, she cannot face another such vote for a year. If a majority vote against her, she must resign as leader, and cannot run in the contest to replace her. Brady would then organize a contest for a new leader. May would be likely to stay on as prime minister until her successor was chosen.
Yesterday’s UK Cabinet meeting discussed Brexit negotiations, with the focus on options to resolve the Irish border puzzle without the risk of keeping the UK in the EU customs union permanently or the risk of Northern Ireland staying in the customs union without the rest of the UK. Reports suggest that the Cabinet may meet again on the matter later this week
Two weeks of strategic silence on the progress of Brexit talks appears set to end on Tuesday, amid signs U.K. and European Union negotiators are finally coming close to breaking the deadlock. Prime Minister Theresa May’s Cabinet will discuss Brexit on Tuesday as mentioned above. There were suggestions this weekend by members of her Conservative Party that she’s preparing to give ministers an ultimatum to back a draft deal. Her spokesman, though, played down a Sunday Times report that an agreement with the EU was done.