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CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Theresa May expected to resign as PM to get her Brexit deal done

The British prime minister is expected to offer her resignation to sweeten her Brexit deal on Wednesday with the hope of getting it through the House of Commons in a vote later this week.

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Theresa May is expected to indicate a date for resignation as prime minister as a means of making her twice-defeated Brexit deal palatable enough for MPs to swallow when her revised withdrawal agreement faces a third vote in parliament later this week.

As it stands, it is unclear how, when or if Britain will leave the EU, with May expected to get MPs to vote on her revised Brexit deal for a third time later this week, as several Conservative rebels, including Jacob Rees-Mogg, reluctantly choose to get behind May’s withdrawal agreement.

British lawmakers hold indicative votes on Brexit

Meanwhile, MPs in the House of Commons are desperate to take Brexit out of May’s hands, with lawmakers set to hold indicative votes on a range of alternative options, including a much softer exit from the EU to bailing out of the bloc without a deal and even revoking Article 50 altogether.

British lawmakers are scheduled to debate and vote on all manner of alternative Brexit options in parliament on Wednesday at around 7:00pm GMT, with the results announced at 9:00pm.

Theresa May’s offers her premiership on a plate

May is still hoping that she can secure enough support in parliament to edge her deal over the line, with the prime minister expected to indicate a date for her departure on Wednesday afternoon during a meeting with members of the 1922 Committee, a group comprised of Conservative backbench MPs.

‘The prime minister might get a deal over the line on Thursday or Friday,’ Oliver Letwin, a Conservative former cabinet minister told Reuters. ‘If she does, no one would be happier than I am.’

‘If, however, that doesn’t happen and if we do go forward to Monday, and if on Monday one or more propositions get a majority backing in the House of Commons, then we will have to work with the government to get the government to implement them,’ he added.


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Trading around Brexit

Find out how the UK’s exit from the EU continues to affect traders, and discover:

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