The pound is looking volatile and choppy this morning as the Tory leadership battle gets underway. With so many senior Conservative MPs throwing their hats into the ring, it is thought likely to be prolonged process.
Brexiteer candidate Esther McVey has said that the only way to deliver Brexit is to leave without a deal. If she becomes Prime Minister, she’s declared that she will not be seeking an extension beyond the 31st of October. James Cleverly has also joined the leadership content, an MP who has backed Brexit from the beginning.
Meanwhile, Commons Speaker John Bercow has said that he has no plans to stand down, despite speculation that he would retire in July. He has said that given the circumstances, “it doesn’t seem to me sensible to vacate the chair.”
Jeremy Corbyn has pledged to support a second referendum after Labour lost ground to remain parties in the European election. He has said that, despite Labour’s preference for a general election, any Brexit deal “has to be put to a public vote.” However, some in his party want to see a second referendum to be held without delay, which he hasn’t backed.
