Theresa May has survived a vote of no confidence

Andamento del mercato - 17/01/2019

The Prime Minister Theresa May has remained in power and defeated a vote of no confidence. The proposal suggested by the head of the main opposition Labour party Jeremy Corbyn, defeated by 325 votes to 306.

Shortly after the event, The Prime minister May announced that her administration will proceed to successfully deliver the Brexit that was promised and stated and that it is her responsibility to find a solution that will satisfy all parts of the House.

May was supported by the Brexiteer Conservative Party lawmakers and parts of the Northern Irish Democratic Unionist Party even though these members had chosen to vote against her EU departure program in the same room only a day earlier. On Tuesday, Members of the House rejected May's Brexit deal by 432 to 202.

Now the Prime minister’s success dramatically decreases the possibility to face a general election. This fact alone obsoletes the uncertainty from the Brexit confusion.

Nevertheless, she has a very difficult task ahead because she has to put together an agreement that will provide satisfaction for both lawmakers in Europe and the U.K. and proceed with the Brexit as planned.

On Wednesday evening during a speech at 10 Downing Street, May announced it was time for members of parliament to sit down and work for the national interest by deciding an agreement that can pass Brexit.

On the other hand, Corbyn said that May's administration had no new plans and was seeking to push forward with a project that had already been denied. He said. "Yesterday the house rejected her deal. She needs to come up with something different than that."


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