May suffers worst parliament defeat in British history
At 8pm yesterday evening, Prime Minister May suffered the most crushing parliamentary defeat in British history as MP’s from all parties voted against her proposed Brexit deal by 432 votes against to 202 votes in favour. The result immediately sparked a vote of no confidence by Labour leader Jeremy Corbyn, but this is expected to fail as Labour lack the backing to secure a majority. What is clear is May’s proposed deal is now dead which throws up both the prospect of a delay to Article 50 and a softer Brexit deal. With Asia markets closing higher overnight and European futures pointing higher at the open, it is clear global markets see Brexit as a British issue.