Prime Minister Theresa May is currently dealing with a fallout following an announced Brexit agreement. Is a ‘no confidence’ vote coming?
The United Kingdom’s currency the pound sterling has taken a drastic drop on Thursday morning as multiple members of Prime Minister Theresa May’s cabinet resigned hours after a controversial Brexit deal was announced.
As of the publishing of this article, the sterling was down more than one percent against both the dollar and the euro. The pound was down 1.17 percent against the dollar and 1.25 percent against the euro.
Brexit secretary Domic Raab along with work and pension secretary Esther were among those announcing they couldn’t support the deal. The Independent broke down the rationale behind the announcements, what they could mean for Prime Minister May, and others who have resigned:
“Today, I have resigned as Brexit Secretary. I cannot in good conscience support the terms proposed for our deal with the EU,” Raab stated on Twitter. Raab would continue explaining his decision in his resignation letter, “I cannot support the proposed deal for two reasons. First, I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom,” he began. “Second, I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit. The terms of the backstop amount to a hybrid of the EU customs union and single market obligations,” he continued.
“Jeremy Corbyn has increased Labour’s share of the vote by more than any other of the party’s election leaders since 1945. Labour’s proportion of the vote grew 9.6 percent in Thursday’s poll — the biggest swing since Clement Attlee shortly after the Second World War,” the Independent reported in June 2017 after the historic snap elections which saw the Conservative Party lose its majority.
With the current Brexit environment, the popularity of the Jeremy Corbyn led Labour Party, and the disastrous 2017 election results — Theresa May’s political career is definitely in jeopardy. If she loses the support of her main allies within the Conservative Party, it’s unlikely that she will be able to defeat a vote of ‘no confidence.’
The Standard explains the process:
If a vote is successful a two-week ‘cooling off’ period would follow, after that period Members of Parliament (MPs) would attempt to form a new government. However, if no new agreement can be formed with a majority May would be forced to set a date for another general election.
