• Analytics
  • News and Tools
  • Market News
  • UK: Harder for government to prorogue Parliament – Danske Bank
Market News
19.07.2019, 11:07

UK: Harder for government to prorogue Parliament – Danske Bank

Danske Bank's analysts note that on Thursday, a majority in the House of Commons passed an amendment, making it harder for the UK's government to prorogue Parliament in the run-up to the current Brexit date of 31 October.

  • “While this does not prevent a no-deal Brexit outcome (it is still the default option from a legal point of view), it makes it more difficult for Boris Johnson (assuming he wins the leadership contest) to force a no-deal Brexit through by sending Parliament home.
  • Some 17 Conservative rebels voted against their own government (which did not include politicians such as Phillip Hammond), supporting our view that it is hard to find a majority for a no-deal Brexit outcome.
  • We may soon have a more pro-Brexit prime minister but it does not change the arithmetic in the Commons.”

© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location