UK politics descends into chaos as Tories trigger no confidence vote against May

Britain's Prime Minister Theresa May. Picture: AFP.

We’re into unchartered waters now… There is a question mark over the leadership of the Conservative Party… An orderly withdrawal is in jeopardy. All bets are off… It’s going to have a very disruptive effect.

Prof Raymond Parsons, NWU Business School

People are watching this very anxiously… in every household… there’s a lot of anxiety in London.

Alex Eliseev, EWN

Conservative members of Parliament initiated a vote of no confidence in Prime Minister Theresa May, plunging the Brexit process into turmoil.

May’s decision to cancel a vote on her withdrawal agreement in the face of a massive defeat has led to this latest push to get rid of her.

The Money Show’s Bruce Whitfield interviewed Prof Raymond Parsons, Economist at NWU Business School.

Whitfield also spoke to EWN's Alex Eliseev.

Listen to the interviews in the audio below (and scroll down for more quotes from it).

We may have to take some steps… if anything goes wrong in March, that we are limiting the damage to our [South Africa] economic relations with both the EU and the UK in the case of a hard Brexit.

Prof Raymond Parsons, NWU Business School

If she survives the vote tonight, she’ll have immunity for a year… She may step down after Brexit is concluded…

Alex Eliseev, EWN

Europe said they’re not about to reopen negotiations, so she’s going to have to get it through Parliament in some way or another…

Alex Eliseev, EWN

There could be as many as half a dozen options that open themselves up if she survives…

Alex Eliseev, EWN

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How will Brexit affect UK trade with Africa?

How will Brexit affect UK trade with Africa?

The UK-Africa summit is underway and after Brexit, the UK reportedly wants to boost trade with our continent.

When will the broken internet cables be fixed?

When will the broken internet cables be fixed?

Damaged undersea cables frustrated many SA internet users this week. We get an update on the situation - and a backup plan.

The stock picks of the day: Salesforce, Spotify  and Standard Bank

The stock picks of the day: Salesforce, Spotify and Standard Bank

The pick of the day's crop as chosen by Caroline Cremen, Portfolio Manager, Adviceworx.

Seize this opportunity to make Eskom board fit for purpose

Seize this opportunity to make Eskom board fit for purpose

“ Government must ensure that state-owned entities have boards with the right mix of skills to fulfil their mandates."

 TV anchor Macfarlane Moleli talks money

TV anchor Macfarlane Moleli talks money

Macfarlane Moleli tells The Money Show how he structures his life and sets goals.

OUTvest - how does its fee structures compare?

OUTvest - how does its fee structures compare?

What does it really cost you to have your investment managed by somebody else? What is that management worth in the end?

Popular articles
'Who gives a damn that Enoch Mpianzi's family couldn't afford a life jacket?'

'Who gives a damn that Enoch Mpianzi's family couldn't afford a life jacket?'

Eusebius McKaiser says the media needs to ask questions that don't unintentionally frame the wrong issue around this tragedy.

[WATCH] Young boy's school concert dance moves delights Twitter

[WATCH] Young boy's school concert dance moves delights Twitter

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.