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Brexit rebellion averted

May survives for now amid continuing ructions over EU exit
Thursday 19 Jul 2018 Author: Tom Sieber
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By squeaking home in a key vote on joining a customs union with the EU, Prime Minister Theresa May demonstrates she can just about command the support of House of Commons heading into negotiations with Brussels.

Pro-European Conservatives hoped to push through an amendment which would have committed the Government to joining a customs union if it couldn’t secure a trade deal after Brexit but the proposal was rejected by a majority of six.

After an initial rise after the vote, sterling sank as investors priced in the decreased likelihood of a so-called ‘soft’ Brexit. (TS)

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19 Jul 2018

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