Rolling coverage of the day’s political developments as they happen, including reaction to PM’s threat to remove whip from Tory MPs who vote against him on Brexit
- Tony Blair’s Brexit speech - Summary
- Corbyn backs early election, but wants bill blocking no deal passed first
- Boris Johnson to chair cabinet this afternoon
Rumours of a snap general election have sent the pound tumbling on the international currency markets, as investors brace for further political turmoil as the Brexit deadline edges closer.
Sterling has slumped by almost a cent against the US dollar and sold-off sharply against the euro, sliding below $1.21 and €1.10 as election speculation spreads through the City.
Anyone who thinks that an election will solve the UK’s political crisis has not been paying attention over the past three years.
The pound today. pic.twitter.com/Kdw2MwSTtK
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