The hardline Northern Irish party are effectively ‘on strike’, tearing up their voting deal with the Government and vowing to abstain on Budget votes for a second day running.
It leaves Theresa May seven votes short of an effective majority in the House of Commons and vulnerable to defeats if only a few Tory rebels abstain or side with the opposition.
|CRIMSON TAZVINZWA, AIWA! NO!|President Donald Trump delivered a full-throated defense of Saudi Arabia on Tuesday even as he conceded “it could very well be” that the kingdom’s crown prince knew about the murder of Washington Post columnist Jamal Khashoggi.
“The crime against Jamal Khashoggi was a terrible one, and one that our country does not condone,” Trump said in an oddly worded statement filled with exclamation points. “Indeed, we have taken strong action against those already known to have participated in the murder.”
While the political drama of last week has largely calmed, investors worried anew about UK Prime Minister Theresa May’s struggle to get her draft Brexit deal passed in Brussels and at home, with banks bearing the brunt of the selling.
A warning from the Bank of England that the economy could plunge into a crisis not seen since the 1970s in a “no deal” scenario reinforced those concerns, as companies including mid-cap lender CYBG (CYBGC.L) and Electrocomponents (ECM.L) began triggering contingency plans.
BREXIT – The Financial Times Stock Exchange 100 (FTSE) slips on Brexit and trade war fears
|AIWA! NO!|CAPE TOWN – President Cyril Ramaphosa has promised land expropriation without compensation will not be carried out through land grabs. He says the process will be done within the confines of the law. He was assuring investors.
“Our country is based on a rule of law. We have got strong institutions that don’t only protect investors, but people,” said Ramaphosa.
He said the people have turned to the courts each time they wanted to take on the government.
“Land reform is conducted through the most judicious manner in our structures including Parliament,” said Ramaphosa.German President Frank-Walter Steinmeier, who is in the country on a state visit, told Ramaphosa on Tuesday that South Africa would remain attractive to investors.