The Tories have triggered a vote of no confidence in Theresa May, which causes further uncertainty surrounding Brexit. The 1922 Committee chair, Sir Graham Brady has now received more than the 48 letters required from Conservative MPs for a leadership challenge. Sir Brady has stated there will be a ballot this evening.
Over 20 Conservative back benchers have publicly announced their letters of no confidence have been submitted, among those are several prominent figures of the Tory Party. Former Brexit minister Steve Baker and Chair of the European Research Group, Jacob Rees-Mogg. It seems that the cancellation of yesterday’s vote has proved unpopular amongst Tory members and was the cause of the additional letters to the 1922 committee.
This does not bode well for Sterling with GBP/AUD now in the 1.73s. May’s hopes for renegotiating the Irish Border deal were dashed yesterday when she travelled to the Hague as news emerged Angela Merkel and Jean Claude Junker both told the PM there would be no re-negotiation on the Irish back stop.
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I'm about to set off to Perth from Canberra for a new job in Midland hospital, it'd be good to get chatting with other people in healthcare when I arrive. How are you finding it so far?