Corbyn plans to block no - deal Brexit

While the stock market is shaking from the yield curve, there is also movement on the Brexit front. Opposition Labor leader Jeremy Corbyn is seeking the help of other opposition parties to support him. Corbyn wants to form a coalition that seeks to block the government's intention to go out of business.

In this way, by finding support in other parties and in the rebels within the Conservatives, he will also come close to calling a no-confidence motion. If they succeed, Corbyn will want him to become Prime Minister (interim) so that he can delay Brexit and call snap elections. Corbyn's plan is also backed by the Scottish National Party, but is still opposed by Liberal Democrats and Welsh nationalists of Plaid Cymru.

Johnson said he was determined to implement Brexit at any cost on October 31, even if he had no agreement. The scenario, however, which economists say will exclusively hurt the UK economy. Members of parliament are looking for a way to avoid this option, seeking even to replace the Johnson government with some coalition united under a national cause to delay Brexit. Corbyn, however, insists that he head the government with Labor, which is becoming a problem for the administration.

The government uses the "will of the people" on the basis that it is the people who decide and that their decision must be respected. Johnson's people point to Corbyn's finger, saying he thinks people are just "officials" in the country, and politicians are the ones who can void votes they don't like.

Source: Bloomberg Finance L.P.

Photo: Flickr

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