British Prime Minister Theresa May in peril over Brexit on EU election day
May held separate meetings with her foreign and interior ministers. Amid suggestions that the proposed bill could be rewritten, her spokesman said she would listen to colleagues’ concerns.
But newspapers said her time was up. The mass-circulation Sun’s front page was headlined “May set to go after Brexit fiasco”, while the Times led with “May prepares to quit after cabinet mutiny”. Sterling, which tumbled on the 2016 Brexit vote to its biggest one-day fall since the early 1970s, dropped 0.4% on Thursday to a new 4-1/2 month low of $1.2605. The yield on Britain’s 10-year bond fell to 0.991%, the lowest since March 29, the day Britain had been due to leave the EU.Nearly three years after Britain voted by 52% to 48% to leave the EU, it remains unclear how, when or even whether it will leave the European club it joined in 1973. The current deadline to leave is Oct. 31.
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