Boxed in

  • A bill to stop a no-deal Brexit is poised to become law, blocking Boris Johnson’s promise to deliver a do-or-die exit from the European Union by Halloween 
  • The U.K. prime minister’s bad first week continued when support from his party eroded further and the House of Lords agreed to complete passage of the anti-no-deal bill by Friday.
  • Johnson tried to call a new election in a bet he could restore his ruling majority – but lost that vote as well. If Johnson cannot muster the necessary two-thirds support for an election, he will be forced to request a further delay.
  • What can he do? He is set for a speech Thursday designed to appeal directly to voters, employing the campaign skills that helped sell Brexit to the public in the first place.
  • In the latest development, Johnson’s brother Jo resigned as an MP and Minister.

(Source: Bloomberg)