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Political Fix

Third defeat for Theresa May's deal, the PM vows to bow out

Political Fix

Financial Times

News, Politics, News & Politics

4.21.2K Ratings

🗓️ 7 March 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

Theresa May brought her Brexit deal for a third vote this week. Once again it failed to get through. Where does this leave Brexit? Is the UK heading for a permanent customs union with the EU? Will MPs direct the process from here? And has Mrs May fired the starting gun on a Conservative party leadership contest that will see her replaced with a harder Brexiter? Presented by Sebastian Payne, with George Parker and James Blitz in Westminster, plus Miranda Green and Robert Shrimsley. Produced by Anna Dedhar and Elliot Kime

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Transcript

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0:00.0

From hedge funds, to angel investors, to bull markets.

0:05.0

In the world of finance, names can sometimes be a bit misleading.

0:09.0

Take ours, for instance.

0:11.0

LSEC, aka London Stock Exchange Group.

0:14.0

We're in London, and we have a stock exchange, but that's just part of what we do.

0:18.0

Today, we connect the news, information, insights, and systems that make the markets work.

0:24.0

You see, others do some of what we do, but not everything we do.

0:28.0

LSEC

0:30.0

Welcome to FT Politics, a weekly discussion on what's happening in Westminster from the Financial Times.

0:44.0

I'm Sebastian Payne.

0:46.0

In this episode, we'll be discussing Theresa May's third defeat on her Brexit deal,

0:51.0

what is likely to happen next, and the beginning of the impending conservative leadership contest.

0:56.0

I'm delighted to be joined by our political editor George Parker, columnist Robert Schrimsley,

1:01.0

white or editor James Blitz, and deputy opinion editor Miranda Greene.

1:05.0

Thank you all for joining.

1:06.0

If you find yourself liking this episode of FT Politics, subscribe through all the usual channels

1:11.0

to receive it every Saturday morning.

1:13.0

We also do like a positive review.

1:16.0

It was a third and possibly final defeat for Theresa May on Friday.

1:21.0

She brought back her Brexit deal for a sort of meaningful vote to the House of Commons,

1:26.0

and failed to get it through, although she did slash the government's loss down to a mere 58 vote.

1:32.0

So, George Parker, this came through as a result of a deadline set by the EU, which said,

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