Northern Irish DUP party fires warning shot at UK PM May - Reuters
As reported by Reuters, Northern Ireland's DUP party aimed a shot across the bow of UK Prime Minister Theresa May, withholding their votes on key issues as a display of discontent with the PM's latest Brexit agreement with the EU.
Key quotes
"May agreed a draft arrangement to leave the European Union last week, but the DUP has said that May should demand a better deal, arguing the current proposal could undermine the integrity of the United Kingdom.
Under the terms of the DUP’s arrangement with May’s Conservative party, the Northern Irish party has agreed to back May’s government on, among other things, “the budget; finance bills; money bills”. But on Monday, the DUP abstained on the first two votes on the Finance Bill, and eight DUP lawmakers voted against the government in a third vote, on an amendment to the bill proposed by the opposition Labour party.
The government still won the votes and Wilson said the votes were a warning rather than a breach of the deal as they were not intended “to damage the government fiscally,” the BBC reported. “The prime minister has undermined her own authority with her own party and with our party by blatantly breaking promises about what she would deliver in the Brexit deal with the European Union,” Wilson was quoted as saying.
Author
Joshua Gibson
FXStreet
Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.
