FT News Briefing Tuesday, April 2
Apr 2, 2019
British MPs are in a bind, rejecting every Brexit proposal and raising questions about the future of Prime Minister Theresa May's leadership. Meanwhile, Lyft's IPO takes a surprising downturn just days after its debut, stirring concerns among investors. The podcast dives into the implications of political stalemate on the stock market and the contrasting views of retail versus institutional investors on ride-sharing companies. Buckle up for an intriguing look at the intersection of politics and market dynamics!
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Brexit Deadlock
- British MPs rejected all Brexit proposals, creating a deadlock.
- Options to resolve this include a general election or second referendum.
Parliamentary Divide
- MPs demonstrated a clear ability to reject proposals but struggled to find common ground.
- Conservative MPs largely supported Theresa May, hindering compromise.
Boles' Departure
- Conservative MP Nick Boles dramatically left the party during the session.
- He cited disappointment over the lack of compromise from colleagues.