British Prime Minister Boris Johnson has lost his working majority after a Conservative Party lawmaker defected to another party amid the Brexit crisis.
Lawmakers returned from their summer recess Tuesday for a pivotal day in British politics as they challenged Johnson’s insistence that the U.K. will leave the European Union on Oct. 31, even without a withdrawal agreement to cushion the economic blow.
Johnson, who took power in July, has tried to crack down on members of his Conservative Party who oppose his Brexit plans, warning they would be expelled from the party if they supported the parliamentary efforts to block or delay the withdrawal. The so-called rebels, many of whom have been among the party’s lions for decades, are responding with acerbic commentary on TV, social media and the newspapers.
As Brexit faces crucial days, international investors are showing concern. The pound sterling fell as low as $1.1960 on Tuesday, down about a cent on the day before, stabilizing around $1.1990. Though the EU is Britain’s biggest trading partner, a no-deal Brexit would also be disruptive to Europe — a fact not lost on Brussels. Johnson’s supporters said lawmakers were weakening the government’s negotiating position with the EU.
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