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Beyond May—The Tory Rivals Jostling to Be U.K. Prime Minister

LONDON (Capital Markets in Africa) – Prime Minister Theresa May’s decision to step down on June 7 has fired the starting gun for a Conservative Party leadership race that could redefine Britain’s exit from the European Union. Here’s a look at some of the possible candidates in what could be a bitter and dramatic contest. Boris Johnson—The Favorite Boris Johnson, or “Boris” as he’s known to just about everyone in politics, as a child wanted to be…

Tearful Theresa May Quits as Brexit Breaks Her Premiership

Posted on by The Editorial Team

LONDON (Capital Markets in Africs) – An emotional Theresa May announced she will quit as Britain’s prime minister after admitting she had failed to deliver the one task that defined her time in office — taking the country out of the European Union. “I have done my best,” May said in a statement to cameras in the sunshine outside her Downing Street offices. “It is, and will always remain, a matter of deep regret to me that…

May Survives Another Vote as She Slowly Brings Opponents Onside

Posted on by The Editorial Team

LONDON (Capital Markets in AfricaA) – A week ago, Theresa May’s aides expected that by now the prime minister would be reeling from a mass Cabinet walkout and a crushing parliamentary defeat. Instead, she’s clung on amid growing signs that opposition to her Brexit deal is eroding. The prime minister avoided confrontation with her ministers by backing downTuesday, and agreeing to give Parliament the option of postponing Brexit rather than crashing out without a deal. The muted…

May Sets Out to Win Labour Rebels’ Support Over Brexit Deal

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – Ministers in Theresa May’s government are setting out to woo members of the opposition Labour Party, in the hope that they’ll provide enough votes to get her Brexit deal through. In meetings with Labour members of Parliament considering whether to support the Withdrawal Agreement that May negotiated, ministers including Business Secretary Greg Clark have discussed enhancing British employment rights and environmental protections after Brexit, as well as money for deprived parts of…

How Parliament Is Trying to Control Brexit and What It Means

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – U.K. Prime Minister Theresa May faces a series of votes on Tuesday that could change the direction of Brexit. Two rival factions in Parliament are trying to take control. If one wins, Brexit will probably be put on hold. If the other wins, May would claim a strong mandate to return to Brussels to renegotiate the most controversial part of the divorce deal — the Irish border backstop. The chances of…

U.K. Unveils Post-Brexit Immigration Plan, Angering Business

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – The U.K. published its long-awaited immigration plan for life outside the European Union, to end freedom of movement from the bloc and prioritize skilled workers regardless of nationality. Home Secretary Sajid Javidsaid the aim was to bring net migration down to “sustainable levels.” Reducing immigration has been a major issue for British voters and was a key motivation for many who chose to leave the EU in the 2016 referendum….

May Seeks Transition Deal as Part of All-in-One Brexit Package

Posted on by The Editorial Team

LONDON (Capital Markets in Africa) – United Kingdom Prime Minister Theresa May wants to bundle talks about the transition period she’s seeking after Brexit into trade negotiations, her spokesman said on Monday. That’s not what businesses want to hear. “Everybody has always been clear that we are looking to wrap all this up in one single go, everything will be agreed at the same time” May’s spokesman James Slack told reporters. “The point of an implementation period is it’s…

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