Yesterday was one of the busiest days for UK politics since the Brexit referendum. The day started with Prime Minster Theresa May and Labour Leader Jeremy Corbyn going head to head in the Prime Minster's Questions, with plenty of ‘toing and froing’ as the Prime Minister was quizzed over her Brexit plans.

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At around 17.00 yesterday, Theresa May met with her 1922 Committee and as members of committee left the meeting, rumours that Mrs May would ‘quit if her deal was passed through Parliament’ emerged and were later confirmed by the Prime Minster in what was regarded as many as a final goodbye to the Commons.

This announcement from Theresa May sparked extreme brexiteers such as Boris Johnson and Jacob Rees Mogg to plan to vote for Mrs May’s deal should the deal be voted on again – this could happen tomorrow if John Bercow – who earlier this month stated that the Government would not be allowed a third vote on Brexit unless significant changes to the deal were made.

According to a downing street spokesperson this morning, the new exit date and extra reassurances over the Irish Backstop would be pushed to Mr Bercow to try and gain a third meaningful vote on Mrs May’s deal.

Despite the changes being made to the Brexit plan, the Democratic Unionist Party (DUP), with whom Theresa May’s Conservative Party is propped up by, have stated last night that they would not be supporting the deal due to the Irish backstop.

To end what was an extraordinary day in UK politics, Parliament held a series of indicative votes on alternative Brexit options, of which none won outright support. These ranged from leaving the EU on April 12th with no deal to staying part of the customs union with EU. None of the votes would have been legally binding in any case.

What happens next?

The key to all of yesterday’s drama is where next for the UK and Brexit. The UK is still due to leave the EU on April the 12th and could leave without a deal, although this is considered unlikely. There may be a vote tomorrow, but without the DUP’s backing this is also unlikely to pass through and is dependent on whether speaker John Bercow sees enough amendments to the deal to allow a third vote.

Some MPs involved in the indicative votes have said that the most popular of the votes, which includes a second referendum, should be put forward for a vote in the Commons as soon as Monday, with many calling for a general election to form a new Commons and Break the deadlock.

The pound remains fairly range bound this morning which reflects the current mood in UK politics at present, in somewhat of a purgatory. One thing that appears certain is that we are no where near the end of the Brexit saga. Feel free to get in touch to make sense of what could happen next.


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