The UK's energy partner.

Learn more at equinore.

Good morning from the newsroom of the Financial Times.

Today is Monday January 21st and this is your FT news briefing.

Today what to expect when Prime Minister Theresa May addresses Parliament.

The U.S. government shut down heads into a fifth week as President Donald Trump makes an offer to Democrats,

and F.T. reporters crunch the numbers on U.S. Bank Workers' Pay Rises.

Then James Pallidi joins us to explain

what's at stake in the race to find the next president

of the World Bank.

I'm Amy Keene, and here's the news you need

to start your day.

Hello I'm Henry Manse, I'm political crossman at the Financial Times.

This week is all about Plan B. It's all about what Theresa May the Prime Minister can come up with after her Brexit deal was so resoundingly defeated last week.

I think when the Prime Minister addresses Parliament on Monday afternoon,

it's likely to be less exciting than some MPs and indeed

journalists would hope for. She's unlikely to set out a whole new range of policy ideas

around Brexit or tweaks she wants to renegotiate with Brussels, she didn't seem to contemplate

defeat before last week's vote.

And so I think instead the frame of mind she's in is in terms of talking about the process of reaching a decision,

who she's going to talk to, what dates she has in mind, and what kind of vote she's going

to allow Parliament to have.

...