financetom
News
financetom
/
News
/
Brexit mayday? PM May's ministers move to oust her
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Brexit mayday? PM May's ministers move to oust her
Mar 24, 2019 2:24 AM

British Prime Minister Theresa May's top ministers are moving to oust her within days, The Sunday Times reported, as her Brexit strategy lay in tatters just weeks before the United Kingdom was due to leave the European Union.

If May is toppled, Brexit would be thrust into doubt. It is unclear how, when and even if the United Kingdom will leave the EU.

May, who voted to stay in the EU and won the top job in the chaos following the 2016 referendum, had vowed to deliver Brexit but she undermined her premiership with a botched snap election in 2017 which cost her party its parliamentary majority.

The Brexit divorce deal she struck with the EU in November has been overwhelmingly rejected twice by British lawmakers.

The Sunday Times cited 11 unidentified senior ministers and said they had agreed that the prime minister should stand down, warning that she has become a toxic and erratic figure whose judgment has "gone haywire".

"The end is nigh. She will be gone in 10 days," the Sunday Times quoted an unidentified minister as saying.

"Her judgment has started to go haywire. You can't be a member of the cabinet who just puts your head in the sand," the newspaper cited a second unidentified minister as saying.

The Sunday Times reported that May's de-facto deputy, David Lidington, is one contender to be interim prime minister but others are pushing for Environment Secretary Michael Gove or Foreign Secretary Jeremy Hunt.

The newspaper said cabinet ministers would confront May on Monday. If she refuses to go, ministers would threaten to resign.

The Mail on Sunday reported that Gove was the consensus candidate among cabinet ministers who believe Lidington is too pro-EU. But eurosceptic lawmakers also expressed scepticism about the Leave-backing Gove.

"I’m advised (Michael Gove) would also go for Customs Union plus single market with Labour votes," Steve Baker of the eurosceptic European Research Group (ERG) said.

"Problems with that... Next."

The Sunday Telegraph reported that former education minister Nicky Morgan, who voted remain, was popular among several prominent pro-Leave lawmakers as a "unity candidate" to succeed May.

May's office declined to comment on the reports.

Earlier a Downing Street source, speaking on condition of anonymity, told Reuters that a Saturday Times report that there were discussions in May's office about her departure was incorrect.

Betting odds indicate there is now a 20 percent chance that May will be out of her job by the end of this month, Ladbrokes said on Saturday.

Brexit had been due to happen on March 29 before May secured a delay in talks with the European Union on Thursday.

Now a May 22 departure date will apply if parliament rallies behind the British prime minister next week and she is able to pass her deal. If she fails to do so, Britain will have until April 12 to offer a new plan or decide to leave the European Union without a treaty.

First Published:Mar 24, 2019 10:24 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support
Japanese Yen Slips A Little, But BoJ Policy Hopes Still Lend Support
Mar 14, 2024
Japanese Yen (USD/JPY) Price and Charts USD/JPY ticks up againHowever it remains close to two months lowsNext week’s BoJ policy meet could provide some unusual excitementLearn how to trade USD/JPY with our free guide Recommended by David Cottle How to Trade USD/JPY The Japanese Yen drifted lower against the United States Dollar on Thursday but remains close to two-month highs...
Asian Indices Hold Support on Dovish Fed Remarks: Hang Seng, Kospi, Topix Setups
Asian Indices Hold Support on Dovish Fed Remarks: Hang Seng, Kospi, Topix Setups
Mar 13, 2024
HANG SENG, KOSPI, TOPIX – Price Action:The Hang Seng Index, Kospi, and Topix have rebounded from key support despite the latest escalation in geopolitical tensions.Hang Seng has some tough hurdles to clear before the weak outlook changes.What is the outlook and the key levels to watch in select Asian indices?- Elevate your trading skills and gain a competitive edge. Get...
Gold Price Coils Further, Silver Hits a Multi
Gold Price Coils Further, Silver Hits a Multi
Mar 14, 2024
Gold Price Coils Further, Silver Hits a Multi-Week High Gold is seemingly putting together a bullish pennant on the daily chart, while silver looks to push further ahead after Wednesday’s break of resistance. Gold (XAU/USD) Price Analysis and Chart Gold trading on either side of $2,165/oz. but a break may be near.Silver prints a fresh three-month high.Most Read: Euro Slides...
EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer
EUR/USD Stumbles as ECB Official Calls for Two Rate Cuts Before the Summer
Mar 14, 2024
EUR/USD News and Analysis ECB member favours multiple rate cuts ahead of the summerEUR/USD flirts with familiar zone of resistanceMore ECB speakers scheduled today as event risk quietens downThe analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our comprehensive education library Recommended by Richard Snow How to Trade EUR/USD...
Copyright 2023-2025 - www.financetom.com All Rights Reserved