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The Brexit Developments Continue. Unemployment Increase in Australia

JFD

Downing Street is saying that the Prime Minister is planning to hold another, forth, vote in the Parliament in order to find support to pass her notion. For now, the plan is to hold the vote some time during the week starting June 3rd. Unemployment in Australia disappoints by rising 2 tenths of a percent above the expected 5.0%.

Brexit Is Slowly Getting Back into the Spotlight

The cross-party talks between the Conservatives and Labour continued this week. Theresa May is trying to find common grounds with the opposition, but it is a hard task to do, as Labour still disagrees with the proposed deal. One of their arguments now is that Labour finds it difficult negotiate with the government, which is struggling to even agree on matters within its own party. But all this looks like a closed circle, where Mrs May is pushed around in and it is unlikely that the outcome could be in her favour.

As we all know, the EU has given the United Kingdom a 12-month extension (until October 31st) to leave the EU. The UK has the option to leave earlier, if the British Parliament finally reaches a consensus on the exit plan, which was negotiated by Mrs May with the European Union. But Theresa May keeps hitting strong headwinds, not only from the opposition, but now also from inside of her own party. One Tory MP suggested that the prime minister should resign, as the party is losing faith and trust in the fact that Theresa May can deliver a deal, and can deliver a good deal, which will be good for the country.

After three rounds of unsuccessful votes to support the deal, Downing Street is saying that the Prime Minister is planning to hold another, forth, vote in the Parliament in order to find support to pass her notion. For now, the plan is to hold the vote some time during the week starting June 3rd. But this won’t be the original agreement itself, but it will be the so-called Withdrawal Agreement Bill (WAB), which defines key legislations required, in order to leave the EU in summer. Although the Theresa May is trying hard right now to find support among MPs, so that they would support her legislation, the opposition says that they do not guarantee that they would vote in favour of the bill. If the Prime Minister does not...

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Source: https://www.jfdbank.com/en/research/the-brexit-developments-continue-unemployment-increase-in-australia-20190516
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