It’d be difficult to miss yesterday’s Supreme Court ruling, that Parliament’s prorogation was null and void. MPs will retake their seats at 11:30 this morning, and Boris Johnson will likely find himself facing an even more hostile Opposition bench than Theresa May ever did.
But is time really running out? Yes and no. The Brexit legislation passed before prorogation says that the PM has to agree on a deal by 19th October or, if MPs don’t vote to leave without one, he must ask for an extension. In that sense, yes – and with Johnson saying he fully intends to leave on 31st, we can expect quite some political manoeuvring around the 19th if a deal has not materialised.
On the other hand, is Johnson going anywhere soon? Perhaps not – Labour has said it will not back a General Election until after no-deal is definitively avoided (and opinion polls are probably not helping to change that stance, either).
So, with no concrete action, it means weeks of second-guessing Parliament and the government. The markets will be looking out for hints of a deal, of no deal, of a no-confidence motion or no no-confidence motion – meaning no-one has any way of truly predicting where the pound will be going over the next month.
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