Economists warn Theresa May’s departure makes no-deal Brexit more likely May 24, 2019 The departure of Prime Minister Theresa May ramps up the chances of Britain crashing out of the European Union without a deal, economists have warned following the PM’s speech confirming her resignation. Read more: Theresa May to resign as Conservative party leader on 7 June May announced that she would resign from the post on [...]
‘Exit on WTO terms is still a very real possibility’: City reacts to Theresa May’s resignation May 24, 2019 Business groups reacted today to the resignation of Theresa May as Prime Minister. The interim director of the Institute of Directors Edwin Morgan said: “To borrow a phrase, nothing has changed, or at least, very little has. A new leader will be faced with the same political challenges and the same economic realities. “No deal [...]
Theresa May’s resignation: Political allies and rivals react May 24, 2019 Prime Minister Theresa May said today she would step down as Prime Minister on 7 June after the failure of her flagship Brexit policy. Her resignation triggers a contest for the leadership of the Conservative Party and the keys to 10 Downing Street. Read more: Theresa May will quit as Tory party leader on 7 June [...]
Theresa May to resign as Conservative party leader on 7 June May 24, 2019 Theresa May has announced that she will step down as the Tory party leader on Friday 7 June in a tearful speech outside of 10 Downing Street. Following a meeting with the 1922 committee this morning, May informed chairman Sir Graham Brady of her intention to resign following three years as Prime Minister. The decision has also been [...]
Theresa May’s legacy? Contortions of logic and tin-eared obstinacy May 24, 2019 It’s the EU exit, stupid. This, to paraphrase Bill Clinton, is what Theresa May’s tenure as Prime Minister has been all about. The tempestuous journey to try to get Britain out of the EU will undoubtedly be her legacy, whether she is remembered in the history books as the architect of a national disaster, or as a [...]
Gavin Williamson: I’m backing Boris Johnson to deliver Brexit and beat Labour May 23, 2019 Former defence secretary Gavin Williamson has backed Boris Johnson to take over as Prime Minister. Williamson, who was sacked by Theresa May last month amid claims he leaked information from a top secret meeting, described the former London Mayor as “the only person who can deliver Brexit and defeat Labour”. May is set to meet [...]
Theresa May drops plan to publish new Brexit deal as she holds crunch talks with Cabinet ministers May 23, 2019 Theresa May has ducked publishing the derided new version of her Brexit deal as she desperately tries to hold her Cabinet together. The Withdrawal Agreement Bill, which contained a controversial pledge to offer MPs a vote on another referendum, was due to be published on Friday and voted on in the Commons in the first [...]
FTSE 100 falls sharply amid Brexit turmoil and US-China trade war May 23, 2019 The UK’s benchmark FTSE 100 stock index tumbled this morning as investors faced a perfect storm of political turmoil in Westminster and British companies being dragged in to the US-China trade war. Read more: Sterling falls as Theresa May clings to power despite cabinet mutiny The blue-chip FTSE 100 had fallen 1.5 per cent by 11.30am, taking it to [...]
Sterling falls as Theresa May clings to power despite cabinet mutiny over Brexit deal May 23, 2019 The pound has fallen sharply this morning as Prime Minister Theresa May comes under huge pressure to resign over the coming days following a cabinet revolt. Read more: Andrea Leadsom quits Cabinet with stinging attack on May's Brexit plan Sterling had dropped 0.4 per cent against the dollar by 8.30am, to buy $1.261, its lowest value since 4 January. [...]
Andrea Leadsom quits Cabinet with stinging attack on Theresa May’s Brexit plan May 22, 2019 Theresa May looks to be entering her final days as Prime Minister after Andrea Leadsom quit the Cabinet with a stinging attack on her Brexit plan. Leadsom warned the PM’s new plan for Brexit would not deliver a “truly sovereign” UK, and a pledge to offer MPs a vote on another EU referendum would be [...]