Rebel Tory MPs And Opponents Defeat Boris Johnson In Parliament

Rebel Tory MPs And Opponents Defeat Boris Johnson In Parliament

On September 03, 2019, the rebel MPs of the Conservative Party and opposition rebuffed the British Prime Minister in Westminster in an attempt to prevent Mr Boris Johnson taking the UK out of the EU bloc without any formal agreement. The development invoked the British prime minister to announce an immediate snap election.

Johnson was defeated by 328 to 301 votes on a motion put forward by insurgent MPs of prime minister’s party and opposition lawmakers. Now it’s been more than three years after the EU divorce referendum took place on June 23, 2016, the recent defeat of government leaves the Brexit mess unresolved, with higher possibilities for the disorderly exit of the UK from the Union.

However, it was only the initial hurdle for lawmakers, allowing them to take control of parliamentary affairs. As on September 04, 2019, the opponent's lawmakers and insurgent Tories will seek to get a law passed through the British parliament to pressurise Johnson to seek a Brexit delay from the EU for the third time until January 31, 2020.

Insurgent Tory MPs to face expulsion: Media report

According to some media reports, the newly appointed Conservative Chief Whip Mark Spencer was consulting Tory's legislators to consider expulsion for those who voted in favour of the motion to stop a no-deal divorce of Britain from the EU bloc. The Chief whip also spoke to those insurgent Troy MPs who did not stand with the government and they will have Tory whip removed.

Some of the prominent Rebel Tories who defied Johnson were

Philip Hammond: The former chancellor in a conversation with the media on September 03, 2019, said that “he has adequate numbers to stop the government over no-deal Brexit.”

David Gauke: The former justice secretary of the Theresa May's government said that taking the UK out of the bloc without any deal could be a big mistake.

Dominic Grieve: Grieve also opposed Theresa May’s withdrawal deal three times and said that he considers a no-deal Brexit as “unacceptable” and will always oppose it.

Ken Clarke: Another former British chancellor, a Europhile who always stood against the Brexit. He also raised his voice against Brexit referendum that took place in 2016, and he was the only MP from conservatives who voted against triggering Article-50 as well.

Sir Oliver Letwin: Who is soft Brexiteer and believes that Brexit referendum result must be accomplished but with close economic ties with the EU bloc.

Rory Stewart: He believes that a no-deal divorce from the EU bloc, could put the UK into years of political and economic crisis.

Other Tory MPs who voted against the Boris Johnson’s government were Greg Clark, Sam Gyimah, Antoinette Sandbach, Alistair Burt, Stephen Hammond, Sir Nicholas Soames, Margot James, Richard Harrington, Guto Bebb, Caroline Nokes, Ed Vaizey, Steve Brine, Anne Milton, Richard Benyon, and Justine Greening.

British Prime Minister intimidates election

British prime minister stated that his government would stage a motion on September 04, 2019 seeking legislators support to allow a snap election after opposition MPs and several rebel Tory MPs voted to take control of the parliamentary business, claiming that it would be the best available alternative to resolve this Brexit mess if he got oppressed to seek extension to Britain’s departure from the EU bloc.

Mr Johnson said that I don't want to exercise an election, but if British lawmakers vote tomorrow to pause negotiations and to force for another round of pointless extension to the UK divorce, an election will be the only way to get it done.

Under British law, it requires the signature of two-third of the parliamentarians to hold a general election to take place.

The opposition wants an election but only after no-deal gets rejected

According to several media reports, the opposition labour MPs desperately wanted to hold a general election but pointed out that they could vote against any move tomorrow by the present government to bring forward a ballot.

They wanted legislation to first rule out a no-deal divorce on October 31, 2019, amid chances that the present government could get requisite support of the MPs at Westminster to hold an election before Brexit deadline.

Why did the UK citizens vote for Brexit in 2016?

As many have argued that the European Union has put so many laws and regulations on the businesses and Britain is handing billions of pounds per annum as membership fees and getting back little against the quantum of payment. The British parliamentarians also wish to propose their own laws and provisions rather than executing the same consensus laws agreed by the bloc members. Additionally, why people are supporting the UK’s divorce from the EU is because of the immigration- related issues. Eurosceptics want to take a complete control on the state’s borders, and they want to bring down the number of people coming to Britain to live or to work as Free Movement of goods and people, is the spirit of the EU, which allow citizens of the EU member countries to travel freely across the EU, without carrying any visa.

Is it now possible to exit without a deal?

Well, Johnson has to do nothing for a no-deal Brexit to happen, as Britain's departure from the European Union as on October 31, 2019, is already written into law, and the government could just run the clock down. However, this is not as simple as it looks because the majority of British parliamentarians are against the no-deal UK's crash out of the bloc, and they could try to prevent it from happening.

An exit without any formal agreement with the bloc means it will end all ties between Britain and EU bloc with immediate effect and without any transition period. It will disrupt the supply chain of the industries as free borders, and free moving will come to an end with immediate effect. And, the UK would have no more extended access to the single market of the European Union post a no-deal withdrawal from the European Union.

However, there are possible ways through which a no-deal Brexit could be avoided to take place on October 31, 2019. British parliamentarians could express a vote of no-confidence in Johnson's government, this will provide 14 days to the prime minister to prove that he holds a majority in the parliament and if he failed to do so, it would trigger a general election.

Meanwhile, increased political turmoil in Britain, seems to have weighed heavily on the performance of Britain’s manufacturing in August 2019 as well. A massive decline in the inflow of new orders forced output volumes downward, and business confidence was eroded to a record low level as well. As per the survey data collected for August 2019 manufacturing PMI, the IHS manufacturing PMI at 47.4 plunged to its lowest level since July 2012. The deepening crisis in manufacturing activities was largely on account of accelerated slowdown in a new work order at a much faster pace than in the past 85 months.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK