Former US State Department official Jeffrey Stacey says a hard Brexit as demanded by Boris Johnson and his supporters would strain the UK's relations with Washington
"I will resign as leader of the Conservative and Unionist party on Friday, 7 June so that a successor can be chosen," Britain's Prime Minister Theresa May said outside 10 Downing Street in an emotional resignation.Theresa May announced on Friday that she will step down as UK Conservative Party leader on June 7, sparking a contest to become Britain's next prime minister.
"It is now clear to me that it is in the best interests of the country for a new prime minister to lead that effort. So I am today announcing that I will resign as leader of the Conservative and Unionist Party on Friday the 7th of June," May said. Britain is currently due to leave the EU on October 31, but Parliament has yet to approve divorce terms.Pressure on May to quit over her failure to get Parliament's approval for a European Union divorce deal reached critical point this week as House of Commons Leader Andrea Leadsom quit and several Cabinet colleagues expressed doubts about her Brexit bill.
She seemed close to success when she struck a divorce agreement with the EU late last year. But lawmakers have rejected it three times, and Britain's long-scheduled departure date of March 29 passed with the country still in the bloc. The political turmoil weighed on the pound, which fell to $1.2601 on Thursday, its lowest point against the dollar since early January.
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