Plan B

• Theresa May lost a vote in parliament yesterday which means she will have to quickly present her plan for what to do if she, as expected, loses a vote on the Brexit deal agreed with the European Union next week.
• With control starting to slip from the hands of the British Prime Minister, some now see a lower chance of a so-called “hard Brexit” on March 29.
• Austrian Chancellor Sebastian Kurz became the first European Union leader to suggest that an extension to the deadline for the British withdrawal now needs to be considered.

(Source: Bloomberg)