- The British Prime Minister is under pressure once again
- After looking at the GBP-EUR exchange rate on Tuesday, analysts said that the Sterling’ rise is fleeting
- Mrs May is also facing problems regarding Britain’s exit from the Common Fisheries Policy by the year 2020
The stability of Theresa May's government is reportedly facing scrutiny once again following her address to the House of Commons on Monday.
Reports from media outlets say that a vote of no confidence just might be reached soon as Mrs May seems to have failed in the Brexit negotiations. One of the sticking points is the Northern Ireland issue, but the Prime Minister reportedly has other problems.
According to a news article by the Telegraph, she is also under pressure from her Scottish MPs due to her failure to give them a straight answer regarding the Common Fisheries Policy. As of Monday, news reports regarding a rebellion from her Scottish MPs has already started making the rounds. According to insiders, said MPs will shoot down any Brexit deal that requires Scottish fishermen to follow European Union fishing quotas. Mrs May did mention that the interest of fishermen in the country is at “the forefront” of her thinking.
While sterling has gone up 0.25%, its increase in value against the American dollar and the euro is likely fleeting analysts say, and it is mainly because of the possibility of a blind Brexit.
The issue about the hard border in Northern Ireland is also not giving Mrs May room to breathe, based on reports from the past few days. Steve Baker of the Conservative party has moved to get the Northern Ireland bill underway but plans have been reportedly dropped due to the assurances made by the Prime Minister on Monday. The bill will prevent the area from being in another customs jurisdiction and effectively get rid of the backstop clause.
