|

Brexit: House Leader Mogg will address Parliament on Wednesday

  •  Conservative Party conference will go ahead next week.
  • The court ruling does not prevent Johnson from proroguing again.

 Boris Johnson's decision to suspend Parliament was unlawful, the Supreme Court has ruled today and UK PM Johnson has now said that the Conservative Party conference will go ahead next week after speaking to the Queen today by phone and House Leader Mogg will address Parliament on Wednesday.

Johnson refused to be deterred" from getting on with "an exciting and dynamic domestic agenda"

Johnson suspended - or prorogued - Parliament for five weeks earlier this month, but judges said it was wrong to stop MPs carrying out duties in the run-up to Brexit on 31 October - During a speech in New York, the PM said he "profoundly disagreed" with the ruling but would "respect" it and the he "refused to be deterred" from getting on with "an exciting and dynamic domestic agenda", and to do that he would need a Queen's Speech. It is worth noting that the court ruling does not prevent Johnson from proroguing again in order to hold one, as long as it does not stop Parliament from carrying out its duties "without reasonable justification".

Author

Ross J Burland

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

More from Ross J Burland
Share:

Editor's Picks

EUR/USD flat lines near 1.1800 as traders brace for US PPI release

The EUR/USD pair trades on a flat note near 1.1800 during the early Asian session on Friday. The pair steadies as softer Eurozone inflation offsets US tariff uncertainties. Traders await the preliminary reading of the Consumer Price Index from Germany on Friday for more clues about the pace of future policy easing. On the US front, the Producer Price Index report will be released. 

GBP/USD threatens the 200-day SMA near 1.3440

GBP/USD rapidly leaves behind Wednesday’s strong advance, coming under heavy pressure and retesting the 1.3440 zone, where the critical 200-day SMA is located. Cable’s deep pullback follows the strong gains in the Greenback, while investors continue to pencil in a potential BoE rate cut in March.

Gold remains below $5,200 despite tariff jitters and geopolitical risks

Gold is seen consolidating in a range below the $5,200 mark during the Asian session on Friday amid mixed cues. Trade jitters, along with the risk of a potential US-Iran war, act as a tailwind for the safe-haven bullion. Meanwhile, the Fed's hawkish outlook keeps the US Dollar close to the monthly high and caps the non-yielding yellow metal. Nevertheless, the commodity remains on track to register gains for the fourth straight week, though the fundamental backdrop warrants some caution for bullish traders.

How AI, blockchain, stablecoins are shaping a new global economy – Circle CEO Jeremy Allaire

Artificial Intelligence (AI), blockchain technology and stablecoins are emerging as core pillars of a new global economic system, according to Circle’s CEO, Jeremy Allaire.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Bitcoin steadies as traders eye US–Iran talks

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Thursday after a 6.2% relief rally the previous day amid a broader downward trend.