The Falkland Islands Government Standing Finance Committee heard on Wednesday that the forecast operating surplus for the whole of the year now stands at £9.4 million. Expenditure is expected to ramp up over the remainder of the financial year, with plenty of infrastructure work being scheduled for the summer months.
Prime Minister Theresa May has won a vote of confidence in her leadership of the Conservative Party by 200 to 117. After securing 63% of the total vote, she is now immune from a leadership challenge for a year. Speaking in Downing Street, she vowed to deliver the Brexit people voted for but said she had listened to the concerns of MPs who voted against her.
The pound has risen amid speculation that Prime Minister Theresa May will win the vote of confidence in her leadership on Wednesday evening. The currency is trading 1.4% higher against the dollar at $1.2660 and 0.9% higher against the euro at €1.1132.
Tory Brexiteers are increasingly confident they have enough support to trigger a no-confidence vote in Theresa May as party leader. If 48 Conservative MPs submit letters to say they no longer support her, a leadership challenge will be launched. There is no confirmation but sources, including a cabinet minister, have said they believe 48 letters have been sent.
Britain must revoke its notice to quit the European Union with immediate effect to allow for “serious and profound reflection” by both parliament and the people, former Prime Minister John Major said on Tuesday.
Theresa May will meet European leaders and EU officials later for talks aimed at rescuing her Brexit deal. She will hold talks with Dutch PM Mark Rutte and Germany's Angela Merkel after postponing MPs' final vote on the deal. The UK PM has said she needs further assurances about the Northern Ireland border plan to get Commons backing.
Argentina and the United Kingdom have been chosen Monday to co-chair the Equal Rights Coalition for two years starting next June, to succeed Chile and Canada at the helm of the first-ever intergovernmental organisation dedicated to the protection of the rights of lesbian, gay, bisexual, transgender and intersex (LGBT) people around the world.
The European Court of Justice has ruled the UK can cancel Brexit without the permission of the other 27 EU members. The ECJ judges ruled this could be done without altering the terms of Britain's membership.
Theresa May says she has called off Tuesday's crucial vote on her Brexit deal because it “would be rejected by a significant margin”. She said MPs backed much of the deal she has struck with the EU but there was concern over the Northern Irish backstop.
The European Court of Justice (ECJ) is to rule on whether or not the UK can cancel Brexit without the permission of the other 27 EU members. A group of anti-Brexit politicians and campaigners has argued that the UK should be able to unilaterally halt the Brexit process if it wants to do so.