PM Johnson loses another vote, Parliament suspended until 14th October…
The Prime Minister had another day to forget yesterday, losing his 6th consecutive Parliamentary vote. Once again, his plight for a snap election was voted down. This puts the new PM in an increasingly tough spot. Parliament has now been suspended until mid-October and it is now understood that Johnson, with the aid of his close colleagues, will franticly attempt to find a loophole around the new piece of legislation blocking a no-deal departure on the 31st October.
Yesterday afternoon the speaker of the House, John Bercow confirmed he would stand down on the 31st October should a general election not be voted for. Bercow has been a thorn in the Leaver’s side or a beacon of light for the Remainers; he’s undeniably been a focal point within certain parts of the Brexit process. He will now be standing down and removing himself from what is set to be a tumultuous period of the ongoing saga.
Today’s calendar it a quiet one with only a single piece of tier 1 data which happens to stem out of the UK. This morning sees another snapshot of the UK labour market. A consistent bright spot of the economy. The outlook is set to remain solid with job creation continuing, albeit at a slower pace, and wages rising too.
Written by Viv Savani. 9:02am, September 10th 2019
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8:43am, August 27th 2019
Markets back in full-swing as UK return from bank holiday…