Unpacking the latest occurrences across the global stage.
Last week signalled the start of the bumpy autumn that had been long predicted. In a dramatic few days in parliament, the government has lost five votes, including – significantly – having been temporarily denied the general election it wanted. The government also lost its parliamentary majority and two ministers attending cabinet – including the Prime Minister’s own brother. However, it was not all bad news for the government as polls seemed to have remained positive for them, and they saw off several court cases challenging the legitimacy of the decision to prorogue parliament.
The most significant news for business in the last week is that parliament has ordered the government to seek a third extension of Article 50, to avoid no deal on 31 October. Nevertheless, this extension cannot be guaranteed and businesses should be braced for all possibilities in the weeks ahead – including the worst case scenario
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