May tells Brexiteers it’s my deal or no deal

Prime Minister Theresa May told rebels in her divided party that if they torpedoed her Brexit deal then the United Kingdom would leave the EU without any agreement, a scenario the IMF said would make the country much poorer.

The United Kingdom is due to leave the EU on March 29 and yet little is clear. So far, no full exit agreement has been reached and some rebels in May’s Conservative Party have threatened to vote down a deal if she clinches one.

The fate of May’s government and her Brexit plan is in doubt because it is unclear whether she can command the 320 votes she needs in the House of Commons, the lower house of the British parliament, to approve a deal.

Reuters

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Craig Erlam

Craig Erlam

Senior Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam