Morgan Stanley says February 4 is deadline for elections to be called in order to be held before March 29
Here's Morgan Stanley on what's next for Brexit, assuming May wins today's no confidence vote.
"We expect PM May will seek further concessions from the EU, and then see a run-off between the government's deal and alternatives, in particular a second referendum. We see a low risk of a no deal outcome (5%), given the opposition of parliament. But we have little conviction on which of the alternative options - referendum, the current deal or early elections - will be chosen. We expect greater clarity by early February, before parliament runs out of time to hold elections before Brexit, assuming that the EU will only agree to a delay once the UK has made a decision on the way forward," they write in a report.
