Today in the evening the United Kingdom’s Parliament will hold a series of indicative votes on alternatives for Brexit. Some of the options that UK MPs will have to consider include revoking Article 50, a hard Brexit, a customs union, a second referendum, and more. They will be asked to rank these options in their preferred order on a multiple-choice ballot, the results of which will be published later in the evening. These votes are not legally binding, as the executive power still lies with Theresa May’s government, but they will certainly show the PM how Parliament feels about Brexit.
Theresa May herself is supposed to make a formal statement about her likely resignation as Prime Minister. It is possible that she will suggest that if her deal is backed, she will retreat and make room for new leadership. If her deal is to be voted on a third time, it will be after the indicative votes.
Meanwhile, Europe is experiencing its own difficulties. A speech by ECB President Mario Draghi failed to reassure investors in any way. The euro remains week, as do the European stock markets, which did not respond very well to the ECB’s most recent stimulus measures. It is unclear what the ECB can do in the current scenario to support the economy.
