May tours EU in bid to save teetering Brexit

▶ New leader doesn’t have enough time to make a deal by end of March: PM

UK Prime Minister Theresa May vowed to fight for her job in a leadership challenge on Wednesday triggered by Conservative lawmakers, saying a change could jeopardize Britain’s divorce from the EU.

Less than four months until the UK is due to leave on March 29, Brexit is plunged into chaos with options ranging from a potentially disorderly no-deal departure to another referendum that could reverse it.

Speaking outside her Downing Street residence hours before the vote of confidence on her leadership, May said she would battle for her premiership with everything she had.

In a stark warning to Brexit-supporting opponents who instigated the challenge, May said if they toppled her then the EU exit would be delayed and perhaps even stopped.

A new leader would not have time to renegotiate a deal with the EU and secure parliamentary approval by the end of March, meaning the Article 50 withdrawal notice would have to be extended or rescinded, she said.

“A change of leadership in the Conservative Party now would put our country’s future at risk and create uncertainty when we can least afford it,” she said.

“Weeks spent tearing ourselves apart will only create more division just as we should be standing together to serve our country.”

A secret ballot will be held between 18:00 and 20:00 GMT on Wednesday in a room at the House of Commons, and an announcement made at 21:00 GMT. Before the vote, May will speak to lawmakers at a closed meeting.

According to the rules, May could be toppled if a simple majority of Conservative lawmakers vote against her, though a significant rebellion could also undermine her position. At least 120 Conservative lawmakers had expressed public support for her by 11:20 GMT.

Brexit is Britain’s most significant political and economic decision since World War II though pro-Europeans fear it will weaken the West as it grapples with the presidency of Donald Trump.

The outcome will shape Britain’s $2.8 trillion economy, have far-reaching consequences for the unity of the UK, and determine whether London can keep its place as one of the top two global financial centers.

The British pound, which has lost 25 cents against the US dollar since the 2016 referendum, fell on the confidence vote but then rose to 1.2533 on news that Brexit might have to be delayed.

May, a 62-year-old vicar’s daughter who voted to remain in the EU, won the top job in the turmoil that followed the 2016 EU referendum but promised to implement Brexit, while keeping close ties to the bloc, as a way to heal a divided nation.

Widely praised for a punishing work ethic and a dutiful approach to solving the Brexit divide, May’s premiership has been characterized by an inability to compromise in the face of frequent crises.

Ever since formally triggering the Brexit divorce in March 2017, May has tried to find a way to keep Britain closely aligned with the EU after its exit – the essence of the divorce deal struck with Brussels last month.

But on Monday she abruptly pulled a parliamentary vote on her deal in the face of ridicule from lawmakers and a probable rout.