Yesterday’s rejection of the UK’s EU exit deal was the biggest government defeat ever – on the most important piece of legislation of this parliamentary term and many previous ones.
Yet Prime Minister Theresa May has not resigned. The government is almost certain to win this evening’s no-confidence vote tabled by Labour leader Jeremy Corbyn.
And – yes – the most likely scenario is still that Britain will exit the EU with a deal that looks very much like the one MPs have just overwhelmingly rejected.
Read my latest for CapX.