May’s deal fails, hard Brexit odds rise – The Wall Street Journal

DUBLIN – The odds of a hard Brexit continue to rise. With just over 70 days to go before the UK leaves the EU, Theresa May's proposed Brexit deal has failed in Parliament. It's unclear what next steps are available. Labour leader Jeremy Corbyn has called for a vote of no confidence, but it's unlikely to succeed. At this point in the game, all options are still on the table, from a second referendum to a new government to a disorderly and economically damaging exit from the EU with no deal. Despite the fact that the no-deal scenario has virtually no constituency in the UK, outside of the very hardest Brexiteers, it seems increasingly likely that Westminster dysfunction and inertia could drive the country to that outcome. The economic impact would be devastating, particularly coming against the backdrop of slowing growth in China and Germany and renewed market volatility. Just another reminder that political disasters are not confined to Africa. – Felicity Duncan

U.K. Parliament Roundly Rejects May's Brexit Plan

By Max Colchester and Jason Douglas

(The Wall Street Journal) LONDON—The British Parliament overwhelmingly rejected a proposed Brexit deal Tuesday, prompting the head of the opposition to call for a no-confidence vote on U.K. Prime Minister Theresa May and further stoking uncertainty around the U.K.'s exit from the European Union in just over two months.

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