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May rumoured to pull Brexit vote, but Downing Street insists all is well

The UK Prime Minister Theresa May is rumoured to be considering delaying the Brexit vote in Parliament amid fears that her deal is likely to be defeated by MPs in the House of Commons.

Theresa May
Source: Bloomberg

Theresa May is considering pulling the Brexit vote in Parliament that is scheduled to take place on Tuesday amid fears that her deal will be voted down by MPs in the House of Commons, according to various media reports.

But, despite the rumours, Downing Street insists that the parliamentary vote on May’s Brexit deal is ‘going ahead as planned’ and that the prime minister remains confident that her withdrawal agreement with the EU is the best deal for Britain and will be approved by fellow MPs.

May to deliver statement to Parliament

The prime minsiter is scheudled to make a statement in the House of Commons at 3:30pm GMT on Monday, with it rumoured that May may announce her resignation.

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This information has been prepared by IG, a trading name of IG Markets Limited and IG Markets South Africa 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. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.