WELL.
ACCOUNT LOOK WE HAVE BREAKING
NEWS THIS MORNING ON U.K. EXIT
FROM THE YOUR EUROPEAN UNION ASH
FROM THE YOUR EUROPEAN UNION ASE
FROM THE YOUR EUROPEAN UNION ASY
WEBSTER IN LIVE IN LONDON ON
GROUND WITH BIG NEWS.
ASHLEY.
>> YEAH GOOD MORNING TO YOU WELL
MARIA AS WE KNOW THE VOTE ON
THERESA MAY, THE U.K.
PRESIDENT'S DEAL IS SETTLED OR
SET FOR TOMORROW EVENING HERE
LOCAL TIME.
BUT THERE'S SPECULATION SHE MAY
INDEED DELAY THAT VOTE.
NOW THAT IS JUST SPECULATION WE
UNDERSTAND THAT SHE'S SET UP A
CONFERENCE CALL FOR ALL OF HER
MINISTERS IN HER CABINET THERE
WILL BE TAKING PLACE SHORTLY IF
NOT HAPPENING RIGHT NOW.
SO THAT LEADS TO SPECULATION OF
MAYBE SHE'S DECIDED NOT TO GO
FORWARD WITH THE VOTE.
THE LAST WORD FROM DOWNING
STREET, IN FACT, OVER THE
WEEKEND WAS NO.
WE ARE GOING FORWARD.
SHE BELIEVES SHE CAN PERSUADE
ENOUGH OF THE KEY MINISTERS TO
VOTE HER WAY.
BUT I HAVE TO FELL YOU IT DOES
NOT LOOK GOD AND QUESTION NOW BY
MANY OBSERVERS IS HOW BADLY WILL
HER BREXIT DEAL BE DEFEATED IN
HOUSES OF PARLIAMENT BEHIND ME
IF SHE LOSES BY 50 DATES MAY GO
BACK TO EU TO TRY TO RENEGOTIATE
IF SHE LOSES BY 200, 300 VOTES
THEN THAT WOULD BE A CRUSHING
EMBARRASSING DEFEAT IN
LEADERSHIP COULD BE THREATENED
SO WE'RE WAITING TO FIND OUT
WHAT THIS CONFERENCE CALL MAY BE
ABOUT ABOUT.
HAS MRS. MAY DECIDE SHE CAN'T
WIN AND MAYBE SHE GOES BECOME TO
THE EU AND TRIES TO RENEGOTIATE
BUT MARIA, UP UNTIL NOW, THE EU
HAS BEEN VERY, VERY DIRECT WITH
ITS RESPONSE TO THAT SAYING THAT
DEAL WE GAVE YOU IS THE DEAL WE
GAVE YOU.
SO A LOT OF DRAMA.
THIS IS A KEY WEEK FOR THERESA
MAY, WEEK, IN WHERE SHE OR
GOVERNMENT COULD FALL BUT
COVERING EVERY STEP OF THE WAY.
>> SO I MEAN IF SHE PULLS VOTE
ON BRITAIN EXIT FROM THE EU, YOU
SAY SHE MAY BE THREATENED YOU'RE
TALKING ABOUT ABOUT PERHAPS A
NEW PRIME MINISTER COMING IN?
>> QUITE POSSIBLY.
SHE COULD FACE IF SHE HAS A
TERRIBLE DEFEAT IN PARLIAMENT
TOMORROW WHICH BY ALL ACCOUNT IT
IS APPEARS THAT WILL BE THE CASE
SHE COULD FACE A VOTE OF
CONFIDENCE ON TWO FRONTS.
ONE FROM A OWN CONSERVATIVE
PARTY WHO MAY CALL FOR A VOTE OF
CONFIDENCE TO HAVE HER REPLACED
BY ANOTHER CONSERVATIVE OR
INDEED THE THE OPPOSITION LABOR
LED BY JEREMY CORYBN THEY COULD
CALL FOR A VOTE OF CONFIDENCE IN
HER GOVERNMENT AND IF THEY WIN
THAT, IN OTHER WORDS SHE DOESN'T
HAVE THE CONFIDENCE, LABOR WOULD
THEN TRY TO GET A TOGETHER TO
TAKE OVER THE RULING OF THIS
COUNTRY IF THEY FAIL TO DO THAT,
THEN WE'RE FACING GENERAL
ELECTION EARLY NEXT YEAR AND
WHOLE ISSUE OF BREXIT REMAINS
VERY, VERY MUCH UP IN THE AIR SO
A LOT COULD HAPPEN.
NO ONE KNOWS HOW THIS IS GOING
TO PLAY OUT BUT I HAVE A FEELING
MARIA WITH EACH PASSING NOW
THERE'S NEW HEADLINES, NEW
DEVELOPMENTS BUT AS IT STANDS,
WE HAVE STILL LOOKING TO HAVE
THAT VOTE THE IN HOUSE OF
COMMONS BEHIND ME SOME TIME
TOMORROW EVENING U.K. TIME.
>> AND THIS AFTER --
TOP EU COURT RULED THAT THE U.K.
CAN UNILATERALLY REVOKE THE
BREXIT ARTICLE 50 ACTUALLY
GOVERNMENT RESPONDED
IMMEDIATELY.
THAT IT DOES --
HAS NO INTENTION OF DOING SO.
BUT THIS IS ALL VERY, VERY MUCH
UP IN THE AIR, ISN'T IT?
[LAUGHTER]
>> IT REALLY IS AND THAT RULING
BY EUROPEAN COURT OF JUSTICE WAS
INTERESTING BECAUSE THE U.K.
GOVERNMENT CAMPAIGNED AGAINST
IT.
SAYING, THERE IS NO REASON FOR
US TO REVOKE IT.
WE VOTED FOR IT TO GO OUT THAT'S
WHAT WE PLAN TO BUT I SHOULD POI
WHAT WE PLAN TO BUT I SHOULD POT
OUT MEMBERS OF THE EU CAMPAIGNED
AGAINST IT BECAUSE THEY BELIEVE
IF YOU ALLOW A COUNTRY TO SAY
I'M LEAVING AND THEN CHANGE YOUR
MIND, IT COULD BE USED AS A
BARGAINING TOOL BY TOLD BY OTHER
COUNTRIES TO TRY TO WIN
CONFESSIONS WHEN THEY'RE DEALING
WITH BROS L NO ONE IS HAPPY WITH
IT BUT IT DOES GIVE MEMBERS OF
PARLIAMENT ANOTHER OPTION TO
CONSIDER IF THAT VOTE GOES DOWN
TOMORROW.
IN OTHER WORDS, COULD THEY
DECIDE MAYBE WE SHOULD FORGET
WHOLE THEY THINK AND STAY IN THE
EU THAT HAPPENS I THINK THERE'S
A LOT OF UNREST ON THE STREETS.
>> ASHLEY GOOD MORNING OUR TIME
MITCH O'SHELL ONE THAT IS
INTERESTING WOOL YOU WERE
SPEAKING AND THIS UNCONFIRMED
STORY BROKE THE FOOTSIE
TURNEDDED FROM RED TO GREEN, AND
I WONDERED YOUR PERSPECTIVE ON
HOW THE MARKETS THERE --
ANTICIPATE WHAT COULD HAPPEN IN
THE DAYS TO COME AND WHAT NAIR
REALLY ROOTING FOR.
>> WELL THAT'S A VERY GOOD
QUESTION.
I THINK THAT MARKETS TO BE
HONEST WITH YOU WOULD LOVE NO
BREXIT IF YOU LOOK TO FOUND TO
CONVERSION TO DOLLAR YOU COULD
BE UP TO A DOLLAR 40 TO POUND IF
BRITAIN JUST THREW IT ALL OUT
WINDOW WITH AND SAY WE'RE
STAYING ON OTHER END AND BRITAIN
CRASHES OUT WITH NO DEAL NEXT
MARCH.
THEN, THE PREDICTION IS THAT
DOLLAR WILL POUND WILL FALL TO
DOLLAR TEN.
LISTEN, THE MARKETS WANTS
STABILITY THE MOST STABILITY
THING THAT COULD HAPPEN FOR U.K.
TO SAY YOU KNOW WHAT IT IS TOO
DIFFICULT WE'LL STAY IN THE EU.
I HAVE TO TELL YOU THAT'S NOT
GOING TO HAPPEN.
SO MARKET IS NOW WILL TRY TO
FIGURE OUT WHAT ARE THE TERMS OF
BRITAIN'S EXIT IN IF THEY DO
LEAVE WITH NO DEAL NEXT MARCH
THEN THAT WILL BE NEGATIVE FOR
MARKETS BECAUSE NO ONE KNOWS HOW
THAT IS GOING TO PLAY OUT AND
BEEN ALL SORTS OF PREDICTIONS A
LOT OF SCARE MONGERING FRANKLY
ABOUT HOW AIRPORTS WILL BE
IMPLANTED HOW THE PORTS WILL BE
IMPACTED HOW FOOD SHORTAGES
MEDICINE SHORTAGES ALL OF THIS
BEING PREDIBTED IF BRITAIN
CRASHES OUT NEXT MARCH.
SOME SAY NO DON'T GET SILLY
SOMETHING WILL BE WORKED OUT BUT
FROM A MARKET PERSPECTIVE NOTE
IF THIS IS VOTED DOWN IT IS
POSITIVE FOR MARKETS BECAUSE
THEY BELIEVE MAYBE A MORE STABLE
SOLUTION WILL BE FOUND.
>> ASHLEY IT IS DAGEN HAS THERE
BEEN ANY YOU WERE TALKING ABOUT
ECONOMIC IMPACT NEXT YEAR WHAT
ABOUT RIGHT NOW?
ARE YOU SEEING THE ECONOMY BEING
HURT BY THE UNCERTAINTY IN
BRITAIN?
I GUESS PEOPLE ARE ARE LOOKING
ACROSS THE ENGLISH CHANNEL AT
FRANCE.
IN THE UNITED KINGDOM, AND
SAYING HEY, AT LEAST WE'RE NOT
THE FRENCH.
[LAUGHTER]
>> WELL THAT'S TRUE.
THEY SAY THAT ANYWAY.
BUT I --
YOU KNOW, LISTEN YOU SAW --
YOU SAW I KNOW TO YOU NOTICED
YOU SAW SIGNS AT THE FRENCH
PROTEST THAT GOT A FEW CHUCKLES
ON THIS SIDE OF THE ATLANTIC.
THE ECONOMY IS DEFINITELY HURT
IN THE U.K. BECAUSE OF
UNCERTAINTY BUSINESSES ARE NOT
HIRING SOME ARE DECIDING WHAT DO
THEY DO NEXT DO THEY PLAY OUT IN
PARLIAMENT BECAUSE IT HAS BEEN
NOW WHAT OVER TWO YEARS SINCE
VOTE WAS TAKEN 18 MONTH OF
NEGOTIATION WITH THE EU, QUITE
FRANKLY WHERE ARE WE?
Wii HERE WHERE WE ARE TODAY
WITH STILL SO MUCH UNCERTAINTY
AND IT HAS HURT THE ECONOMY,
DON'T FORGET BANK OF DPLANGD
RECENTLY RELEASED A REPORT THAT
SAID THAT GED ECONOMY COULD DROP
BY 2 TO 3% IN BRITAIN DOES DROP
OUT AND THEY DON'T HAVE A DEAL.
>> A LOT OF PEOPLE HAVE BEEN
NOTING THAT BRITAIN HAS BEEN
LAGER IN THE ECONOMY OF EUROPE
FOR THE LAST YEAR OR SO NOW LOOK
MAYS OFFICE PUBLICLY INSISTED
THAT IT WAS GOING TO HEAD AS
RECENTLY AS 11:20 A.M. LOCAL
YOUR TIME ASHLEY TODAY THAT THE
PROSPECT OF AN OVERWHELMING
REVOLT FROM MEMBERS THE
PARLIAMENT FORCE THE PREMIER TO
THINK AGAIN BUT SHE'S KEEPING
ON.
BUT NOW BLOOMBERG REUTERS A
NUMBER OF MEDIA OUTLETS ARE
REPORTING THAT VOTE IN THE HOUSE
OF COMMENTS TO APPROVE TO
APPROVE TERMS OF THE U.K.'S EXIT
FROM THE YOUR HONOR UNION IT WAS
DUE TO BE HELD TOMORROW TUESDAY
EVENING BUT IT IS NOW BEING
RESCHEDULED THIS IS ACCORDING TO
PARTICULAR WITH MATTER WE DON'T
HAVE ANY --
ANY HARD CONFIRMATION ON THAT,
CORRECT THAT THERESA MAY MAY BE
PULLING THIS --
VOTE TOMORROW.
>> I WOULD ANTICIPATE MARIA THAT
MAYBE WE'LL GET SOME SORT OF
OFFICIAL STATEMENT FROM TEN
DOWNING STREET THERESA MAY'S
HOME RIGHT NOW IF INDEED THAT IS
THE FACT.
BUT THAT CALL FOR THE DELAY
ABOUT THAT GROWING LOUDER AND
LOUDER AS ONE MINISTER SAID WHY
WOULD YOU SPEED TOWARDS A BRICK
WALL SNOW SHOWER NOT GOING
ANYWHERE AND ALL YOU GET IS A
VERY HUMILIATING DEFEAT TRYING
TO GO BACK TO EU TO WORK WITH
OUT GET A FEW CONCESSIONS TO
BRING BACK A DEAL TO PARLIAMENT
TO GET BEHIND.
I DO THINK IT IS A RISKY THING
BECAUSE I HAVE TO BE HONEST EU
HAS UPPER HAND THEY'RE NOT
MOTIVATED TO MAKE IT A SWEETER
DEAL AT ALL.
>> WE KNOW THAT SHE CALL THIS
EMERGENCY CABINET MEETING.
SO WE'LL BE WATCH THAT.
FOR ANY DEVELOPMENTS ASHLEY
