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UK Supreme Court Rules BoJo's Suspension Of Parliament Was Unlawful; Pound Climbs

In a landmark ruling that delivers an unprecedented defeat for Boris Johnson and his Brexit strategy, Britain's Supreme Court has ruled on Tuesday that the prime minister's decision to suspend Parliament for five weeks was unlawful.

Now, the Speakers of the Commons and Lords simply need to summon ministers and peers to order and Parliament will be back in session as if it had never been suspended. The Speaker of the Commons is still John Bercow, though he recently announced his plans to resign.

"This was not a normal prorogation in the runup to a Queen's speech," said Lady Brenda Hale, the president of the Supreme Court of the UK. The decision did prevent Parliament from carrying out its duties, the court decided. Hale also found that Johnson hasn't furnished "an explanation" for such extreme action.

It's unclear what Johnson plans to do once Parliament is recalled - proroguing parliament for five weeks was a desperate gambit to try and strongarm the UK into a 'no deal' exit on Oct. 31. But with Parliament back in session, it's looking very likely that opponents of a no-deal exit will succeed in forestalling it.

The ruling has also denied Johnson the option of suspending parliament to try and force through no deal Brexit.

And as the odds of 'no deal' are once again dimming, the pound is on an upswing.

Tyler Durden Tue, 09/24/2019 - 05:52
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