UK : May to take over as British PM with mammoth task of delivering Brexit
Wed Jul 13 2016
Eric Whitman (133 articles)
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UK : May to take over as British PM with mammoth task of delivering Brexit

LONDON : Theresa May will take over the job of British prime minister from David Cameron on Wednesday and form a government with the monumental tasks of extricating Britain from the European Union and uniting a fractured nation.

May, who has been interior minister for six years and is seen by her supporters as a safe pair of hands to steer the country through the disruptive Brexit process, will become Britain’s second woman prime minister, after Margaret Thatcher.

“I think around the cabinet table yesterday the feeling was that we have our Angela Merkel,” said Jeremy Hunt, health secretary in Cameron’s team which met for the last time on Tuesday.

“We have an incredibly tough, shrewd, determined and principled person to lead those (Brexit) negotiations for Britain,” Hunt told Sky News television.

German Chancellor Merkel will be May’s most important counterpart on the continent as the Brexit process unfolds. Both women are renowned for their firmness, pragmatism and discipline.

Britain’s decision to leave has rocked the bloc it joined 43 years ago, and thrown decades of European integration into reverse.

Cameron, who led the “Remain” campaign, announced the morning after the June 23 referendum that he would stand down, triggering a leadership contest in the ruling Conservative Party. The contest had been due to last until September but ended unexpectedly on Monday when May’s last rival pulled out.

After taking part in his last weekly session of Prime Minister’s Questions (PMQs) in parliament’s House of Commons at midday (1100 GMT), Cameron will make his way to Buckingham Palace to tender his resignation to Queen Elizabeth.

MINISTRY FOR BREXIT

After her own visit to the palace to be formally entrusted with the job by the monarch, May will then enter Number 10 Downing Street as prime minister in the afternoon.

The shocks of the referendum result, Cameron’s resignation, and disarray in the main opposition Labour Party have plunged Britain into its deepest political crisis in modern times.

Apart from the task of executing Brexit, May must try to unite a divided party and a nation in which many, on the evidence of the referendum, feel angry with the political elite and left behind by the forces of globalisation.

She is expected to immediately start putting together a new cabinet, a complex political balancing act in which she will try to satisfy opposing camps in her party.

Before the referendum, May had campaigned for Britain to remain in the EU, albeit in a low-key fashion. Since the vote, she has repeatedly said that “Brexit means Brexit” and her backers say she is determined to make the exit a success.

“Of course Theresa is going to want to make sure she’s got a balanced ticket that represents the views of different parts of the party,” cabinet minister Chris Grayling, who campaigned for Brexit and managed May’s leadership campaign, told BBC radio.

May has said she plans to set up a new government department to lead the process of quitting the EU which would be headed by someone who had campaigned for Brexit.

“That’s very sensible. It will ensure confidence among those in the party who did campaign to leave that they have a champion who believes in what they campaigned for,” Grayling said.

Financial markets, which had been extremely volatile since the referendum, reacted positively to news on Monday that May would become prime minister earlier than expected, with sterling making strong gains against the dollar and the euro.

Stock markets traded within sight of their highest levels this year on Wednesday as the prospect of stimulative economic policy across the developed world eased immediate concerns over the impact of the Brexit vote.

‘RELUCTANT TO SHIFT’

Despite pressure from other EU capitals to quickly start negotiating the terms of Britain’s exit, May has said she would not be rushed into it.

She is unlikely to trigger Article 50 of the EU’s Lisbon Treaty – which will formally launch the process of separation and start the clock ticking on a two-year countdown to Britain’s actual departure – until next year.

She is expected to promote women ministers to several senior roles, and Cameron’s long-serving finance minister George Osborne could lose his job, according to media reports.

Vince Cable, an opposition Liberal Democrat politician who was the minister for business in a coalition government led by the Conservatives from 2010 to 2015, praised May’s determination but said she may face challenges in the role of prime minister, which has a much wider remit than her home affairs portfolio.

“There is a streak that we all saw which was to be really quite narrow in focus and reluctant to shift even when the facts seemed to be changing, and if that’s what happens when she’s prime minister we could find ourselves in difficulties,” Cable told BBC television.

May could face more trouble from dissenting Conservatives than from the Labour Party, which is in meltdown.

After months of simmering discontent among Labour lawmakers with party leader Jeremy Corbyn, the conflict exploded into the open after the referendum when the vast majority of the lawmakers rejected his leadership, accusing him of failing to campaign vigorously enough for a Remain vote.

Corbyn has clung to his job, citing support from the party grassroots members, and the 116-year-old party is now locked in a bitter power tussle that risks destroying it.

Former minister Angela Eagle launched a leadership bid against him on Monday, and on Wednesday fellow Labour lawmaker Owen Smith also threw his hat in the ring.


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Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London