July has become a month of unexpected wishes. First there is the commotion: the Conservative ruling party in Britain is allowing a vote of confidence in itself on Monday. This “side show” as the FT’s parliamentary staff Mark it Last week, sure to win the ruling party, was best perceived as an effort to instill unity among Tory MPs following the turbulent breakup of Prime Minister Boris Johnson’s prime minister.
Which brings us to “Super Monday,” a clutch of hoops and another vote to further reduce the bunch of private MPs seeking to be the new leader – and hence the prime minister – after this weekend’s televised debates. You can track events using This FT page.
Once they reach the final duo, expected on Wednesday before the summer recess in parliament, the party’s national membership will receive the final vote, allowing a new leader to be in place by September 5th. Get ready for a summer of joyful dedication and media appearances, and no doubt some leaks and smear stories, from both rival camps in what has already been a very competitive competition.
In Sri Lanka, MPs will be on Wednesday Choose a new president To replace Gutbaya Rajapaxa, who fled the country after protesters stormed his palace before resigning last week. Will it ease the anger over food shortages and rampant inflation is yet to be seen.
There is one election campaign that was expected this week. The Parliament of India will decide on the new President of the country. The winner – due to be announced on Wednesday – is expected to be veteran politician Draupdi Moramo as she enjoys the support of Prime Minister Narendra Modi’s Bharatiya Janata party. But maybe this will be another unexpected election story.
Back in the UK, and back to the regular calendar of July events, Nadim Zahawi will address a speech with city dignitaries in the annual Chancellor’s House speech. Zahawi has been Chancellor for just under two weeks and may not be long in office once the new leader of his party is decided, but he is expected to make headlines by exposing Loosening of municipal regulations To make it easier and faster for companies to raise money on the Square Mile.
Speaking of predictable things, the British summer of dissatisfaction depends on the air as the temperatures penetrate the country. Lawyers, postal managers and brewery employees are all planning outings this week.
Finally, there will be the return of an event that has not happened “personally” since the 2020 plague locks: the Farnborough air show. Unusually, for an international conference of senior aerospace executives, the organizers decided Post the return of the event on the bus side. Hopefully, this does not mean that the air displays at the venue will be very British of the transport solutions, the alternative bus service.
The two I’s – inflation and interest rates – will return to the public eye, with early attention at the European Central Bank’s Monetary Policy Committee meeting.
This week will end with another definition of international comparisons to the reports of the Purchasing Managers’ Index data.
We are in the thick of the current earnings season with the rest Large banking package in the US Reporting plus buffet of technology, communications, automotive and healthcare services companies.
Also, on Monday, shares in Hyalon It should start trading on the London Stock Exchange, and complete the split of consumer health companies from GSK, with Blessing of the mother company. Haleon, whose brands will include Sensodyne toothpaste and painkillers Advil and Panadol, is expected to request a valuation of up to £ 45 billion.
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