LIZ: GREAT REPORTING, THANK YOU
SO MUCH.
I REMEMBER THE NIGHT OF THE
FIRST BREXIT CRISIS.
I WAS COVERING IT ON CAMERA WITH
STUART VARNEY THROUGH 3:00 A.M.
IN THE MORNING JUNE 2016.
IT WAS ONE OF THE MOST OF
VOLATILE AND SCARY TRADING
SESSIONS OF THE DECADE.
THE U.S. MARKETS PLUNGED.
TRADING HALTS WERE TRIGGERED.
HERE'S WHAT HAPPENED TODAY.
THE DOW WENT DOWN TRIPLE DIGITS
AND IT DID RETRACE.
JOINING ME THE FOUNDER OF THE
HERITAGE FOUNDATION.
THIS ISN'T LOOKING GOOD.
IT LOOKS LIKE THE U.K. IS STUCK
WITH THE SAME LEVEL OF PLAYING
FIELD RULES OUT OF THE U.K., AND
NO TRADE DEAL FROM THE U.K. TO
THE U.S.
TRUMP SEEMS TO BE RIGHT.
>> YES, I TO SAY YOU ARE RIGHT
ON THIS.
THIS DEAL BY THERESA MAY IS AN
ABSOLUTE DISASTER IT'S AN
UNPOPULAR DEAL.
AN OPINION POLL SHOWS DECEMBER
LAND 20% OF THE PUBLIC BACK IT.
THERE IS OVERWHELMING OPPOSITION
TO THIS DEAL.
WE CALL THE RESIGNATION OF TWO
CABINET MINISTERS TODAY AND
SEVERAL JUNIOR MINISTERS.
WE ARE SEEING CONSERVATIVE MPs
QUEUING UP TO CONDEMN THIS DEAL.
I THINK THERESA MAY HAS DONE AN
APPALLINGLY BAD JOB IN TERMS OF
THE NEGOTIATION.
I HAVE TO SAY IT IT FUND
FUNDAMENTALLY UNDERMINES WRITE
TISH SOVEREIGNTY.
I THINK ALL IN ALL IT'S BEEN
REALLY A BAD DAY HERE.
I DO HOPE THIS DEAL WILL BE
DEFEATED IN THE HOUSE OF COMMONS
WHEN IT GOES BEFORE A VOTE
DECEMBER 10.
AND I THINK IT'S HIGHLY LIKELY
THE DEAL WILL BE DEFEATED.
>> WHAT'S HAPPENING, AS IT STAND
NOW, BRITAIN CANNOT TRY TO OUT
OF THE EUROPEAN UNION ACROSS THE
BOARD.
THEY HAVE TO ADHERE TO E.U.
RULES INDEFINITELY.
IS THE MOMENTUM GROWING FOR A
VOTE OF NO CONFIDENCE IN THERESA
MAY?
>> IT CERTAINLY IS.
ALL YOU NEED ARE 48 CONSERVATIVE
MPs TO SUBMIT LETTERS OF NO
CONFIDENCE TO THE CHAIRMAN OF
THE 1922 COMMITTEE.
MY UNDERSTANDING IS THAT FIGURE
WAS NEARLY REACHED TODAY, AND I
THINK IT'S LIKELY YOU ARE GOING
TO SEE A VOTE OF NO CONFIDENCE
TAKING PLACE WITHIN THE
CONSERVATIVE PARTY.
IT COULD HAPPEN AS SOON AS THE
BEGINNING OF NEXT WEEK.
I THINK THERESA MAY COULD BE IN
COMPLETE DEFEAT OR HEAVILY --
HEAVILY WOUNDED BY THIS VOTE.
AND IN THAT CASE SHE HAS THE
OPTION OF STANDING DOWN OR
TRYING TO REMAIN AS PRIME
MINISTER.
IT'S VERY CLEAR.
THE BRITISH PEOPLE HAVE LOST
CONFIDENCE IN THEIR PRIME
MINISTER.
AND HER OWN PARTY LAST
CONFIDENCE IN THE LEADER OF THE
CONSERVATIVE PARTY.
I THINK IT CONSERVATIVES NEED
LEADERSHIP IN THE UNITED
KINGDOM, SOMEONE WHO FULLY
BELIEVES IN BREXIT AND IS
WILLING TO STAND UP TO THE
EUROPEAN UNION.
LIZ: THIS IS A DEAL THAT'S GOOD
FOR THE E.U., NOT THE BRITISH
PEOPLE.
THAT'S WHAT CONSERVATIVES ARE
SAYING.
NORTHERN IRELAND NOW GETS TO
ABIDE BY A DIFFERENT SET OF
RULES THAN THE U.K.
THAT MEANS IT'S SHAKING THE VERY
FOUNDATION OF THE UNITED
KINGDOM.
>> THAT'S AN IMPORTANT POINT.
THIS IS A BAD DEAL FOR NORTHERN
IRELAND.
THE DEMOCRATIC UNION IS PART OF
THE D.U.P. WHO WORK IN TANDEM
WITH THE CONSERVATIVES TO KEEP
THEM IN POWER.
THEY ARE FUNDAMENTALLY OPPOSED
TO THIS AGREEMENT BECAUSE IT'S A
BAD DEAL FOR NORTHERN IRELAND.
ER REELSA MAY HAS HANDLED THESE
NEGOTIATIONS IN AN ABSOLUTELY
WEAK-KNEED MANNER.
IT'S THE ANTITHESIS OF HOW
MARCHING A THATCHER WOULD HAVE
HANDLED THEM.
MARCHING RECEIPT THATCHER WOULD
HAVE STOOD UP TO THE E.U.
SHE WOULD HAVE GOT A DEAL IN THE
BRITISH NATIONAL INTEREST.
AND PLARG RECEIPT THATCHER
BEFORE SHE PASSED AWAY IN 2013
WAS A STRONG SUPPORTER OF
BRITAIN LEAVING THE EUROPEAN
UNION.
I WORKED FORKER IN A PRIVATE
OFFICE.
IT WAS CLEAR MARGARET THATCHER
THOUGHT GREAT BRITAIN WAS BERT
OFF OUTSIDE THE E.U.