British PM survives but route to Brexit remains unclear

As the news flow around Brexit shifts rapidly, the key is to understand how the various scenarios are being priced into currency, equity and fixed income markets, Morningstar experts say

Glenn Freeman 13 December, 2018 | 6:00PM
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British Prime Minister Theresa May has survived a no-confidence motion launched by her Conservative party colleagues, receiving 200 votes for and 117 against.

The embattled leader, who faces an uphill Brexit battle from within her own party, Jeremy Corbyn's Labour Party opposition and an increasingly sceptical public, is safe for now. Under Tory party rules, no further vote to remove a sitting leader can be held for at least 12 months.

While the vote quells a revolt within her party, it leaves her politically wounded, and the route to Brexit unclear.

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Glenn Freeman

Glenn Freeman  Glenn Freeman is a senior editor for Morningstar.com.au.

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