As EU has confirmed Brexit extension till January 31, UK opposition Labour indicated that the conditions for supporting a snap election was met. Liberal Democrats and the Scottish National party have already offered support to Prime Minister Boris Johnson’s one-line bill to trigger early election in December. Though, the date was not confirmed yet. Based on current development, the bill will like be passed today. Johnson will refrain from pushing forward with his Brexit bill until a new parliament is formed.
Labour leader Jeremy Corbyn said in a statement,” I have consistently said that we are ready for an election and our support is subject to no-deal Brexit being off the table. We have now heard from the EU that the extension of article 50 to 31 January has been confirmed, so for the next three months, our condition of taking no deal off the table has now been met. We will now launch the most ambitious and radical campaign for real change our country has ever seen.
US consumer confidence dropped to 125.9, but levels remain high
Conference Board US Consumer Confidence Index dropped to 125.9 in October, down from 126.3 and missed expectation of 128.2. Present Situation Index rose from 170.6 to 172.3. Expectations Index dropped from 96.8 to 94.9.
“Consumer confidence was relatively flat in October, following a decrease in September,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “The Present Situation Index improved, but Expectations weakened slightly as consumers expressed some concerns about business conditions and job prospects. However, confidence levels remain high and there are no indications that consumers will curtail their holiday spending.”
Full release here.