British Prime Minister Theresa May announced her impending resignation Friday; telling reporters she will step down as leader of the Conservative Party on June 7 after her ‘Brexit’ proposals repeatedly failed to pass multiple votes in the House of Commons.
“Britain’s embattled leader Theresa May resigned her premiership Friday, although she will stay on as caretaker prime minister for now, amid a barrage of criticism and mounting pressure over her failed efforts to steer the nation out of the European Union in a manner acceptable to increasingly rebellious lawmakers,” reports USA Today.
“It is, and will always remain, a matter of deep regret to me that I have not been able to deliver Brexit,” May said.
May took control from former Prime Minister David Cameron after his ‘Remain’ campaign lost the UK’s referendum on EU membership.
— The Hill (@thehill) May 24, 2019
The Prime Minister’s political future has been in jeopardy for months after several high-ranking members of her cabinet quit following her ‘Soft’ Brexit proposal.
“Whatever our background, the colour of our skin, or who we love. We stand together. And together we have a great future. Our politics may be under strain, but there is so much that is good about this country. So much to be proud of. So much to be optimistic about. I will shortly leave the job that it has been the honour of my life to hold — the second female prime minister but certainly not the last. I do so with no ill-will, but with enormous and enduring gratitude to have had the opportunity to serve the country I love,” said May.
BREXIT BREAKDOWN: British Prime Minister Says EU Talks Have Totally ‘STALLED’
British Prime Minister Theresa May says Brexit negotiations with European Union officials have completely “stalled” after EU authorities flat-out rejected her separation proposals; claiming they “rejected her plans without explaining why.”
According to Reuters, EU leaders in Austria slammed May’s initial proposal, saying she needed to yield on demands for “ground trade” and the United Kingdom’s border with Ireland.
“It’s not acceptable to simply reject the other side’s proposals without a detailed explanation and counter proposals,” said the British Prime Minister.
“So we now need to hear from the EU what the real issues are, what their alternative is, so that we can discuss them. Until we do, we cannot make progress,” she added.
A key point of contention is the United Kingdom’s border with Ireland, with EU officials demanding there can be no “hard barrier” between the two nations.
Read the full report here.
BREXIT BREAKDOWN: Cabinet Members Quit, May’s Future in Peril, Pound PLUMMETS
The United Kingdom’s impending divorce from the European Union took a turn for the worse Thursday, when at least six cabinet members quit Prime Minister Theresa May’s government over her “soft” Brexit proposal.
The most significant departure was Brexit Minister Dominic Raab who abruptly quit after saying the deal had “significant and fatal flaws” regarding the UK’s trade policy, immigration, and the border with Ireland.
“Above all, I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election,” Raab said.
“Their departure, and the resignations of two junior ministers, shakes May’s divided government. Raab is the second Brexit secretary to quit over May’s plans to leave the European Union, the biggest shift in British policy in more than 40 years,” writes Reuters.
The resulting political chaos and uncertainty has caused the British Pound to plummet against the Euro and other currencies; dropping to $1.27 per Pound Sterling.