Published: Thu, December 13, 2018
Global News | By Blake Casey

Tory donors throw weight behind May ahead of confidence vote

Tory donors throw weight behind May ahead of confidence vote

Labour Portsmouth South MP Stephen Morgan told The News that today's Tory leadership vote had been a waste of time. "We wanted fundamental legal text changes".

"What we are looking for is something called a joint interpretive instrument".

Mr Corbyn repeatedly pushed the PM to hold a vote on her Brexit deal and said the "sorry saga" is frustrating businesses, workers and Tory MPs.

The EU need this deal to succeed, why? The EU don't like referendums in that they can't be controlled, they will be wary that another in/out vote could once more go against them, while deal/no deal vote could also go against them.

By backing Theresa May her MPs are probably defining Brexit.

We would suggest that those watching the British Pound look out for the codicil: If one is granted, the Pound could shoot up, if not, it's business as usual and further purgatory at least until year-end. Technically, the pair is trading below its daily high of 1.2671, also below a strong static resistance at 1.2660, the former yearly low that rejected sellers a couple of times in the last few weeks.

But experts believe it doesn't mean at all that the prime minister is in good standing now.

International Trade Secretary Liam Fox suggested that the cabinet may not give its blessing for the deal to be put before MPs unless Theresa May wins new concessions from the European Union over the Irish border backstop.

Briitish Prime Minister Theresa May is in combative mode saying she will fight the leadership challenge
Briitish Prime Minister Theresa May is in combative mode saying she will fight the leadership challenge

Addressing assembled MPs at a meeting of the 1922 Committee moments before the crucial vote, Mrs May said that she accepted she could not fight the next election as their leader. While they refused to reopen negotiations on the Withdrawal Agreement, they have said further assurances can be offered on the political declaration.

Theresa May survived a confidence vote on Wednesday night.

In his invitation letter to leaders of the EU member states, European Council president Donald Tusk said "given the seriousness of the situation", Brexit would be discussed, with the heads of the 27 remaining states expected to hear from Mrs May and adopt conclusions on the next steps.

The European Union has ruled out renegotiating the divorce treaty. Get up to 5% more foreign exchange by using a specialist provider to get closer to the real market rate and avoid the gaping spreads charged by your bank when providing currency.

She has suggested the Government is looking at how to give "democratic legitimacy" to the backstop through giving MPs a vote on it and enabling the Commons to force the Government to ensure it can not be in place "indefinitely".

At the very least it provides some certainty in that markets know the United Kingdom leader will remain unchanged during the crucial 2019 Brexit as a new leader might have been more inclined to opt for a "no deal" Brexit.

But their support is not tied to Mrs May personally and they would not back her if she sought to press ahead with her deal.

It says "much of Britain is in disarray" - pointing to rail services, police, hospitals and the military as problem areas - but warns: "Every single Tory needs to remember one thing: if you don't get your act together, we'll end up with Corbyn".

A glimmer of hope for the world's coral reefs
They found that only 7 percent of the Great Barrier Reef has not been affected by bleaching events since 1998. The back-to-back sequence of bleaching most recently concerned scientists because it denoted a pattern.


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