The pound is still choppy this morning due to the uncertainty in Parliament.
After news that Labour would be backing a second referendum, Jeremy Corbyn has clarified that any new referendum should be a vote on the terms of a new Brexit deal, rather than a re-run of the 2016 choice to leave or remain. This is despite mounting pressure for Labour to take an anti-Brexit stance, after losing heavily to the Liberal Democrats at the European elections.
Yesterday it also transpired that Prime Ministerial candidate and favourite for the job, Boris Johnson, will appear in court. He has been accused of misconduct in public office after claiming that the UK gave the EU £350m a week, a claim which has been deemed untrue by the prosecution.
Johnson denies misconduct in public office, with a close source stating that the case is “a politically motivated attempt to reverse Brexit.” However, the barrister representing the prosecution has said that “The UK has never sent, given or provided £350m a week to Europe – that statement is simply not ambiguous.”
