Boris Johnson‘s plan to call an early general election was rejected after his earlier bid to keep a no-deal Brexit on the table suffered a major blow.
The prime minister had called for a poll to be held on 15 October after legislation designed to prevent the UK crashing out of the EU on 31 October cleared the Commons on Tuesday.
But Labour and other opposition MPs refused to back the motion for a snap election, which needed a two-thirds majority in the Commons, while the risk of a no-deal exit remained.
The government failed to secure the support of two-thirds of MPs, with the Commons voting 298 to 56 – 136 short of the number needed.
Mr Johnson urged MPs to reflect on what he thinks is the “unsustainability of this position overnight and in the course of the next few days”.
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Rebel MPs defy threats from Boris Johnson in vote against no-deal
MPs vote by 328 to 301 in crushing blow to Boris Johnson's EU withdrawal plansThe Management Consultancies Association said the current political crisis left companies across the UK with no greater certainty about the eventual outcome on 31 October.
Chief executive Tamzen Isacsson said: "Many leading consultancies are still advising businesses that there is a much greater risk of a no-deal Brexit and it is imperative that all sizes of firms start planning to prepare for this outcome.
"Brexit fatigue is an issue within businesses but it's vital that any preparations made in March for no-deal are updated and it's essential there is good communication with employees, customers and suppliers about company plans.
"Companies need to continue to be self-sufficient, flexible and able to react to the political events as they unfold."
John Dickie of business group London First said: "A general election is not the answer to how we get a clear way forward on Brexit. Too many other issues will, rightly, also be part of the debate.
"Rather than putting the country on an election footing, the Government should work to secure a revised deal and put it back to the people for a definitive vote."

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