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UK Prime Minister Theresa May wins confidence vote, but faces uphill battle to pass Brexit deal

CNBC [1]
December 13, 2018

U.K. Prime Minister Theresa May has won a crucial vote of confidence in her leadership on Wednesday evening.

May won the leadership challenge by 200 votes to 117 votes against her in the ballot of Conservative members of parliament (MPs). The pound rose about 1 percent on the news.

May needed a simple majority (at least 159 out of 315 Conservative MPs) to win the confidence vote. Winning this vote means her leadership cannot be challenged for another year now.

In a statement made shortly after the vote, May acknowledged that although she won, a significant number of her party colleagues had cast ballots against her leadership.

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