Theresa May wins crucial confidence vote in leadership of Tory MPs, says need to deliver Brexit now

Agencies
December 13, 2018

London, Dec 13: British Prime Minister Theresa May won a crucial vote of confidence in her leadership on Wednesday, with 200 votes cast in favour of her and 117 against out of a total of 317 of her Conservative Party MPs.

The vote had been triggered earlier in the day after the required 48 MPs from her Tory party filed letters of no-confidence with the influential 1922 Committee. "Whilst I am grateful for the support, a significant number of my colleagues did cast a vote against me and I have listened to what they have said," May said in a statement outside Downing Street soon after the results were declared.

"Following this ballot, we now need to get on with the job of delivering the Brexit for the British people and building a better future for this country. A Brexit that delivers on the vote of the people," she said, adding that she intended to carry on negotiating with the European Union (EU) over controversial aspects of her Brexit deal when she heads to Brussels for a pre-scheduled European Council meeting on Thursday.

The verdict of the confidence vote was formally announced by Graham Brady, Chair of the 1922 Committee made up of Tory backbenchers, who revealed that the Parliamentary Party "does have confidence in Theresa May as leader of the Conservative Party". Under the party's rules, May's leadership cannot be challenged for at least a year now.

The MPs, unhappy with the Brexit deal May has struck with the EU, began voting on her future Wednesday evening. A majority of the MPs had publicly said they would be voting for the PM but as it was a secret ballot, there was uncertainty over the result.

May was reportedly greeted with applause, and the traditional banging of desks as she went into a House of Commons Committee Room reserved for the vote to address her MPs before they began casting their ballots.

In her impassioned plea to the 1922 Committee, she told her colleagues that she had listened to all their criticism and confirmed that she would only hang on to Downing Street to see Brexit through before stepping down. This would mean she would not lead the party into the next General Election, scheduled for 2022.

"She was very clear that she won't be taking the General Election in 2022," said UK work and pensions secretary Amber Rudd.

The plea seemed to have paid off in the end as she survived the vote, turning the attention back to securing a Brexit deal that is acceptable to all sides of her deeply divided party as well as a fractured Parliament.

"I will contest that vote with everything I have got," May had said in a statement at Downing Street, warning that the leadership challenge will delay or even cancel Brexit.

May needed to convince a majority of her party MPs and a minimum of 159 votes to win the contest.

Had she lost, the party would have had to elect a new leader who would then go on to become the next British prime minister. May would not have been able to stand for such a leadership contest but would have to remain in Downing Street as caretaker PM while the process to select a new leader was conducted.

Some possible frontrunners named in the UK media included former UK foreign secretary Boris Johnson, current foreign secretary Jeremy Hunt, home secretary Sajid Javid and Rudd. But there did not seem to be a candidate with consensus across the pro and anti Brexit wings within the Tory party.

In her defiant statement on the steps of Downing Street soon after the no-confidence vote was announced on Wednesday morning, May said changing the Conservative Party leader would "put our country's future at risk and create uncertainty when we can least afford it".

She said: "A leadership election would not change the fundamentals of the negotiation or the Parliamentary arithmetic.

"Weeks spent tearing ourselves apart will only create more division just as we should be standing together to serve our country. None of that would be in the national interest."

She said she was making progress in her talks with EU leaders and vowed to "deliver on the referendum vote and seize the opportunities that lie ahead". The Conservatives had to build a "country that works for everyone" and deliver "the Brexit people voted for".

"I have devoted myself unsparingly to these tasks ever since I became prime minister and I stand ready to finish the job," she said.

The leadership challenge came as May was desperately trying to rescue her Brexit deal as she tried to convince EU leaders to offer some concessions to convince Britain's MPs to vote for it on Tuesday, a day after she postponed a crucial parliamentary vote scheduled for this week over the Withdrawal Agreement struck with the EU.

She was due to travel to Dublin on Wednesday but remained in London to contest the no-confidence vote.

European Commission President Jean-Claude Juncker, who held talks with the British PM in Brussels on Tuesday, said the EU would not "renegotiate" the deal but there was room for "further clarifications".

"The deal that we have achieved is the best deal possible, it is the only deal possible," he reiterated.

Britain's MPs have to give the go-ahead for May's deal if it is to come into effect when the UK leaves the EU on Brexit Day -- March 29, 2019. But deep divisions remain on all sides of the House of Commons over the so-called "backstop", a temporary customs arrangement designed to prevent the need for checkpoints at the Irish border if a long-term solution between the UK and EU cannot be agreed post-Brexit.

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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News Network
July 15,2020

New Delhi, Jul 14: India's COVID-19 tally has reached 9,36,181 as 29,429 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Wednesday.

The death toll went up to 24,309, including 582 fatalities in the last 24 hours.

Out of the total cases, 3,19,840 are currently active and 5,92,032 are cured/discharged/migrated.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,67,665 COVID-19 cases and 10,695 fatalities. While Tamil Nadu has a tally of 1,47,324 cases and 2,099 deaths due to COVID-19.

Delhi has reported a total of 1,15,346 cases and 3,446 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 3,20,161 samples have been tested for COVID-19 till July 14, of these 1,24,12,664 samples were tested on Tuesday.

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News Network
March 28,2020

Washington, Mar 28: The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year.

"We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.

Georgieva was addressing the press after a meeting of governing body of the IMF, the International Monetary and Financial Committee. Representing 189 members, the body met virtually to discuss the unprecedented challenge posed to the world by COVID-19.

The key to recovery in 2021, she said, is only if the international community succeeds in containing the virus everywhere and prevent liquidity problems from becoming a solvency issue.

"The US is in recession, as is the rest of the advanced economies of the world. And in a big chunk of developed and emerging markets in developing economies. How severe? We are working now on our projections for 2020, Georgieva said in response to a question.

The new projections are expected in the next few weeks.

Stressing that while containment is the main reason for the economy to stand still and get into a recession, she said containment is very necessary to come out of this period and step in to recovery. "Until the virus is not contained, it would be very difficult to go to the lives we love."

"A key concern about a long-lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery. But can erode the fabric of our societies," the IMF chief said.

To avoid this from happening, many countries have taken far-reaching measures to address the health crisis and to cushion its impact on the economy, both on the monetary and on the fiscal side, she said.

The IMF chief said 81 emergency financing requests, including 50 from lower-income countries, have been received. She said current estimate for the overall financial needs of emerging markets is 2.5 trillion dollars.

"We believe this is on the lower end. We do know that their own reserves and domestic resources will not be sufficient," she added.

The G-20, a day earlier, reported fiscal measures totalling some 5 trillion dollars or over 6 per cent of the global GDP.

Responding to another question, Georgieva said the IMF is projecting recession for 2020.

"We do expect it to be quite deep and we are very much urging countries to step up containment measures aggressively so we can shorten the duration of this period of time when the economy is in standstill," she said.

"And also to apply well-targeted measures, primarily focusing on the health system to absorb that enormous stress that comes from coronavirus. And on people, businesses and the financial system, I am very pleased to say that when we went through countries' responses, that sense of targeted fiscal measures is there and are also very impressive to see the size of these measures," she added.

"Countries are doing all they can on the fiscal and on the monetary front. We have heard from our members' very impressive decisions taken over the last days," the IMF chief said.

"We also want to caution that as we are responding now, we want to make the recession as possibly short and not too deep. We also want to think about what is going to follow the recovery and make sure that we are putting forward measures that can be supportive in this regard," she said.

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