The world of business is, apparently, appalled by the actions of the 48 or more Conservative MPs who have triggered a vote of no confidence in Theresa May as Conservative leader. According to the Institute of Directors, its members are ‘tearing their hair out’ over today’s news. The message seems to be that a change of Prime Minister is an unwanted distraction when the country is already in a state of crisis.
Yet markets seem to disagree. The FTSE this morning is up by more than one per cent. However negatively bosses might see the potential end of Theresa May as Prime Minister, investors in their companies seem to be taking a rather more positive view. It is not the first time that a divergence has emerged between business leaders and investors over Brexit.
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