U.K. prime minister Boris Johnson encounters Brexit defeat during his new premiership.

Chanel Holden

2019-10-15 09:13:00 Tue ET

U.K. prime minister Boris Johnson encounters defeat during his new premiership. The first major vote would pave the path of least resistance to passing a no-deal Brexit in late-October 2019. In addition to losing this vote, Johnson also loses the Conservative one-person majority as Conservative MP Phillip Lee crosses the floor to join the Liberal Democrats. In light of this parliamentary change, Johnson seeks a general election in mid-October 2019 and further threatens to eject all of the 21 Conservative MPs who oppose a hard Brexit.

In response, the opposition parties support setting in stone anti-no-deal Brexit law. The British parliament blocks Brexit with no deal with the European Union, and the House of Lords must give assent to legislate this outcome. Moreover, the British parliament prevents Johnson from instituting a snap general election.

Johnson experiences 3 parliamentary rebukes in 2 consecutive days at the early stage of his new premiership. In reality, there are good economic reasons for anti-Brexit investor anxiety and even a second referendum. Stock market analysts and currency strategists fear that Brexit would lead to substantial trade retrenchment, substantial British pound volatility, and financial capital exodus. After all, European Union remains the biggest trade bloc for Britain.

 


If any of our AYA Analytica financial health memos (FHM), blog posts, ebooks, newsletters, and notifications etc, or any other form of online content curation, involves potential copyright concerns, please feel free to contact us at service@ayafintech.network so that we can remove relevant content in response to any such request within a reasonable time frame.

Blog+More

Netflix stares at higher content costs as Disney and Fox hold merger talks.

Joseph Corr

2017-10-21 08:45:00 Saturday ET

Netflix stares at higher content costs as Disney and Fox hold merger talks.

Netflix stares at higher content costs as Disney and Fox hold merger talks. Disney has held talks to acquire most of 21st Century Fox's business equity.

+See More

Net stock issuance theory and practice

Becky Berkman

2022-05-25 09:31:00 Wednesday ET

Net stock issuance theory and practice

Net stock issuance theory and practice Net equity issuance can be in the form of initial public offering (IPO) or seasoned equity offering (SEO). This l

+See More

President Xi seeks Chinese congressional approval for abolishing his term limits of strongman rule with better trade deals and economic ties.

Jacob Miramar

2018-03-03 11:37:00 Saturday ET

President Xi seeks Chinese congressional approval for abolishing his term limits of strongman rule with better trade deals and economic ties.

President Xi seeks Chinese congressional approval and constitutional amendment for abolishing his term limits of strongman rule with more favorable trade de

+See More

Stanford computer science overlords Larry Page and Sergey Brin design Google as an Internet search company.

Charlene Vos

2020-03-05 08:28:00 Thursday ET

Stanford computer science overlords Larry Page and Sergey Brin design Google as an Internet search company.

The Stanford computer science overlords Larry Page and Sergey Brin design and develop Google as an Internet search company. Janet Lowe (2009) Google s

+See More

Jared Diamond delves into how some societies fail, succeed, and revive in global human history.

Becky Berkman

2023-08-28 08:26:00 Monday ET

Jared Diamond delves into how some societies fail, succeed, and revive in global human history.

Jared Diamond delves into how some societies fail, succeed, and revive in global human history. Jared Diamond (2004)   Collapse: how societies

+See More

American parents often worry about money and upward mobility for their children.

Becky Berkman

2019-01-03 10:38:00 Thursday ET

American parents often worry about money and upward mobility for their children.

American parents often worry about money and upward mobility for their children. A recent New York Times survey suggests that nowadays American parents spen

+See More