Resignations pour as Theresa May’s Brexit deal develops

David Davis, Boris Johnson, Suella Braverman, and Dominic Raab have resigned in response to the “lose-lose” Brexit deal that the cabinet has supported. More MP’s and officials are expected to follow.

The Prime Minister says this Brexit deal is the best option so far, and that opposing it would take things “back to square one”. She prefers a unique option tailored to specific needs rather than “off the shelf” negotiations, saying that Brexit has no precedent.

She’s swimming against the current now, with her statement about a “smooth and orderly” departure from the EU met with laughter from the House of Commons, and Jeremy Corbyn deeming the deal a “huge and damaging failure”.

The effect of this deal is already being felt on the markets, with the pound falling from $1.30 to $1.28 to the US dollar.

Kit Juckes, global fixed-income strategist at Société Générale, told the Guardian that the market was “pessimistic about the chances of the Brexit agreement passing a vote in the House of Commons”.

However, May remains firm in her stance, saying that “the choice is clear, we can choose to leave with no deal, we can risk no Brexit at all, or we can choose to unite and support the best deal that can be negotiated.”

Author: Ana Hernandez