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U.K.'s May loses key Brexit vote

Published 12/13/2017, 04:19 PM
Updated 12/13/2017, 04:19 PM
© Reuters.  U.K.'s May loses key Brexit vote
  • With lawmakers in the prime minister's own party defying her orders, the U.K. Parliament voted 309 to 305 to give themselves a final say (meaning veto power) on whatever Brexit deal gets negotiated.
  • The end for Theresa May? Probably not, says a U.K. poli-sci professor, but she's now in a "very weak position ... It gives Remainers greater confidence."
  • Following the vote, May moved quickly to show her displeasure, firing Stephen Hammond as Conservative Party Vice Chairman (he was among those voting against May), reports Bloomberg.
  • "Parliament has to stand up for itself and take control of the EU withdrawal process and that is why I supported Parliament having a meaningful final vote," says Nicky Morgan, a former minister in the government who is now a Brexit rebel.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR
  • Now read: FTSE 250 Valuation And Forecast For 2018 And Beyond


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