Theresa May is coming under increasing pressure from senior members of her cabinet to end the deadlock over Brexit by testing different versions through a vote in parliament, as momentum for a second referendum on Britain’s membership of the EU appears to be growing. 

International trade secretary Liam Fox on Sunday became the first Brexiter in Mrs May’s government to publicly back calls to offer MPs a free vote on how to end the impasse after EU leaders last week rejected the prime minister’s appeal to amend her withdrawal agreement. 

“Personally I wouldn’t have a huge problem with parliament as a whole having a say on what the options were,” Mr Fox told The Andrew Marr Show on the BBC. “When you look at the options that we have, we have got to recognise that there are a limited number of real-world options here.”

Movements in equities markets in Asia-Pacific were relatively muted on Monday following a fall on Wall Street on concerns over the prospects for global growth. The Topix was up 0.1 per cent in Japan, as was the Hang Seng index, while the S&P/ASX 200 was up 1 per cent. In currencies, the pound was unchanged at $1.2583.

Futures tip the FTSE 100 to rise 0.2 per cent while the S&P 500 is set to gain 0.3 per cent later when Wall Street opens.

The economic calendar is in a festive mood (all times Hong Kong).

  • 07.00: Norway trade balance
  • 09.00: Italy trade balance
  • 10.00: eurozone consumer price index

Get alerts on Markets when a new story is published

Copyright The Financial Times Limited 2019. All rights reserved.
Reuse this content (opens in new window)

Comments have not been enabled for this article.

Follow the topics in this article