LONDON, ENGLAND - NOVEMBER 14: British Prime minister, Theresa May delivers a Brexit statement at Downing Street on November 14, 2018 in London, England. Theresa May addresses the nation after her cabinet of senior ministers met and approved the wording of the draft Brexit agreement which will see the UK leave the European Union on March 29th 2019. (Photo by Jack Taylor/Getty Images)


Jack Taylor | Getty Pictures Information | Getty Pictures


LONDON, ENGLAND – NOVEMBER 14: British Prime minister, Theresa Could delivers a Brexit assertion at Downing Road on November 14, 2018 in London, England. Theresa Could addresses the nation after her cupboard of senior ministers met and permitted the wording of the draft Brexit settlement which is able to see the UK go away the European Union on March 29th 2019. (Photograph by Jack Taylor/Getty Pictures)




If 48 Conservative MPs (Members of Parliament) again a no-confidence vote, there might be a management contest and the prime minister would wish greater than 50 p.c of the vote to remain in workplace. On the plus facet, ought to she win that vote, she couldn’t be challenged once more for not less than a yr. A vote may occur as early as Monday.


Talking to Sky Information, Could mentioned she was going to Brussels to fulfill European Fee president Jean-Claude Juncker. She additional added that when the deal involves the Parliament, lawmakers ought to take into consideration the necessity to ship on Brexit. If the deal is voted down by the Parliament, Could mentioned, the federal government would come again with proposals for the subsequent step.


On Sunday, the chairman of the management committee mentioned the edge for triggering problem to Could’s management had not been met.


Final week, Could mentioned she had obtained sufficient help from her senior ministers for her draft Brexit deal to maneuver ahead. This got here after she additionally obtained help from officers on the EU earlier within the week.


Sterling plunged to $1.2833 from round $1.2994 on Thursday, following information of Raab’s resignation. The forex had a risky week pushed by uncertainties surrounding the destiny of Could’s draft Brexit deal within the U.Okay. Parliament. The pound has since stabilized, and Friday morning had scrambled increased to $1.2807 versus the greenback. Additional weak spot in sterling is forecast nonetheless with uncertainties surrounding Could’s management.


Nevertheless, Could advised Sky Information that altering management is not going to make negotiations simpler. She additional added that U.Okay. shouldn’t attain a state of affairs the place Brexit is delayed or individuals attempt to cease it from taking place.


May additionally mentioned that a second referendum isn’t on the playing cards.


CNBC’s David Reid contributed to this story.






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