Skip to content

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Corbyn calls for general election if May loses Brexit vote

The UK opposition leader has demanded that a general election is needed if Theresa May cannot get her Brexit deal ratified by parliament next week to ‘break deadlock’.

UK Labour leader Jeremy Corbyn Source: Bloomberg

Labour leader Jeremy Corbyn is calling for a general election ‘at the earliest opportunity’, so that the Brexit ‘deadlock’ can be broken, during a speech in Northern Ireland on Thursday.

He believes that a new government, with a fresh mandate, should be given the opportunity to go back to Brussels and thrash out new deal with Brussels for Britain’s departure from the EU.

‘Let the people decide’

Despite calls from pro-EU campaigners both in and out of his party for Corbyn to back a second referendum, the Labour leader has remained tight-lipped on the issue, with him pushing hard for a general election to be held if May’s Brexit deal is rejected by MPs next week.

In his speech on Thursday Corbyn told goaded May, saying: ‘If you are so confident in your deal, call that election, and let the people decide.’

But Conservative MPs were quick to point out that Corbyn and his party would not be able to negotiate a better deal with Brussels, labelling him as simply ‘playing politics’.

Corbyn considers Article 50 extension

With the Brexit deadline on March 29 approaching fast it leaves little time for drafting a plan B, but Labour is set to vote down May’s deal next Tuesday, with Corbyn using its failure to trigger a no confidence vote in the government.

If a no confidence vote goes ahead and a majority of MPs back the motion, May’s government will have just 14 days to convince parliament to support it, but if it fails a general election will be held as soon as possible.

‘Clearly, Labour does not have enough MPs in parliament to win a confidence vote on its own,’ Corbyn said. ‘So members across the House should vote with us to break the deadlock.’

The Labour leader also backs an extension of the Article 50 process, which would delay Brexit, giving any new government formed in the event of a general election more time to renegotiate a new deal with the EU.

‘Moving into office at a period right up against the clock, there would need to be time for that negotiation,’ he said.

‘An extension would be a possibility, because clearly there has to be time to negotiate,’ he added.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

See your opportunity?

Seize it now. Trade over 17,000+ markets on our award-winning platform, with low spreads on indices, shares, commodities and more.

Live prices on most popular markets

  • Equities
  • Indices
  • Forex
  • Commodities


Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Sunday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.


For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of spread betting and CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.