Labour Leader Jeremy Corbyn. Photo: Dan Kitwood/Getty Images

The U.K.'s Labour Party — the main opposition to Prime Minister Boris Johnson in Parliament — voted at their annual party conference on Monday against a measure to campaign in favor of remaining in the European Union during the next general election.

Why it matters: Intra-party divisions were on full display during the annual conference, a chance for Labour to lay out its strategy for defeating the largely pro-Brexit Conservative Party at an election that will likely take place in the next few months. Rather than campaign "energetically" on canceling Brexit, Labour's platform will advocate for negotiating a new divorce deal with the EU and presenting it to the British people in a new referendum — with "remain" as the alternative option.

  • Only after that deal is negotiated will the party vote at a special conference on which side they will campaign for in the hypothetical referendum.

The big picture: The vast majority of Labour's members support remaining in the EU, but about 30% voted in favor of Brexit during the 2016 referendum. This dynamic has proven to be a significant challenge, with the party leadership's refusal to pick a side on the most polarizing issue in modern British history contributing to a drop in the polls.

Between the lines: It's not yet clear how Labour's latest decision to propose a second referendum without explicitly campaigning to remain will affect voters at the next election.

  • The Liberal Democrats, a smaller and more centrist third party, will campaign on a platform to cancel Brexit altogether if they earn a majority — attempting to market themselves as the pro-Remain option.

The bottom line: Boris Johnson has pledged to deliver Brexit by the Oct. 31 deadline, despite Parliament passing a law requiring him to ask for an extension if he can't strike a deal with the EU. If, by some miracle, Johnson is able to strike a deal acceptable to Parliament, Labour and the other parties' position on Brexit won't matter at the next election.

Go deeper

Ben Geman, author of Generate
14 mins ago - Economy & Business

GM dives full-throttle into electric

GMC Hummer EV. Photo courtesy of General Motors

What has LeBron James as a pitchman, some slightly awkward promotional phrasing ("watts to freedom"), and a six-figure starting price? The electric GMC Hummer.

Driving the news: General Motors unveiled the vehicle — a reborn version of the deceased mega-guzzler — with a highly produced rollout Tuesday night that included a World Series spot. The company also began taking reservations.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Economy: Why the stimulus delay isn't a crisis (yet).
  3. Health: Studies show drop in COVID death rate — The next wave is gaining steam — The overwhelming aftershocks of the pandemic.
  4. Education: Schools haven't become hotspots.
Dion Rabouin, author of Markets
2 hours ago - Economy & Business

CEO confidence skyrockets on expectations of layoffs and wage cuts

U.S. consumers remain uncertain about the economic environment but CEOs are feeling incredibly confident, the latest survey from the Conference Board shows.

Why it matters: Confidence among chief executives jumped 19 points from its last reading in July, rising above the 50-point threshold that reflects more positive than negative responses for the first time since 2018.