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FT News Briefing

Wednesday, September 4

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 4 September 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

UK Conservative rebels inflict a Commons defeat on prime minister Boris Johnson’s Brexit policy, leaving Britain on the brink of a general election. Plus, Italy’s Five Star Movement votes heavily in favour of a coalition with a centre-left rival, Walmart introduces new restrictions on sales of ammunition a month after a mass shooting occurred at one of its stores, and the US manufacturing sector contracts for the first time since 2016 amid global trade tensions and fears of slowing domestic growth.

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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

Good morning from the newsroom of the Financial Times.

0:12.0

Today is Wednesday, September 4th. Good morning from the newsroom of the Financial Times.

0:12.7

Today is Wednesday, September 4th,

0:15.3

and this is your FT news briefing.

0:18.8

Italy is one step closer to forming a new government. Walmart is introducing new restrictions on ammunition sales

0:26.0

that will more than have its share of the market.

0:28.0

And the U.S. manufacturing sector contracts for the first time in three years. But first, the F.T.

0:36.0

George Parker explains what happened in the UK Parliament yesterday and what it means for Brexit.

0:41.5

I'm Mark Filipino and here's the news you need to start your day.

0:47.0

MPs were trying to use a parliamentary device to stop Boris Johnson taking Britain out of the European Union without a deal.

0:58.0

A number of Conservative MPs and all the opposition parties think that would be a reckless thing to do damaging for the economy.

1:04.4

Boris Johnson thinks the threat of a no deal Brexit is one of the things that he needs and is negotiating armory to put pressure on the EU to strike a deal.

1:12.4

So this all came to a head at the House of Commons. MPs moved a motion

1:16.8

and it's an unusual device to take control of the order paper to allow them to pass emergency

1:21.8

legislation to stop a no-deal Brexit.

1:24.0

So the vote last night was about the MPs trying to take control of the order paper.

1:29.0

Boris Johnson lost this crucial vote by a margin of 27. That was a bigger defeat than many people expected.

1:35.2

21 Conservative MPs defied all the bullying and threats to vote against him. And that means that today

1:41.9

MPs are going to vote to put into law this emergency legislation,

1:47.4

which basically would require Boris Johnson to go back to the EU and ask for a delay to Brexit if he's unable to secure a deal, in other words to block a no-deal exit.

...

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