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13th December 2018
May wins vote of confidence

Theresa May has seen off a no confidence vote from within her Conservative party by 200 votes to 117. Despite being secure for another 12 months, May was forced to concede that she would not be leading the Tories into the next general election which some see as a concession made to sooth some of her more vocal critics. The polarisation within the party is more indicative of the negativity towards May and her proposed Brexit plan which is still on the table for approval. Markets however remain fixed on the bigger Brexit issue and goes some way to explaining why UK markets off the back of May’s small victory have not rallied in line with international markets.