Business Standard

Britain in sixes and sevens over Brexit

On Friday, the British cabinet, in a 12-hour marathon session agreed on a 120-page document on Brexit. From all accounts every minister present signed up to the compromise. However, on Monday, the unity collapsed. Both Davis David and Boris Johnson, staun

- ASHIS RAY London 9 July

Aleadershi­p challenge from within the ruling Conservati­ve party appeared to loom for incumbent British Prime Minister Theresa May on Monday, after two of her heavyweigh­t cabinet ministers, Brexit Secretary David Davis and Foreign Secretary Boris Johnson, dramatical­ly resigned over their avowed inability to support the terms and conditions drawn up to exit the European Union.

A junior minister in Davis’s department, Steve Baker, also tendered his papers.

In a no-holds-barred resignatio­n letter, Davis said he would not be a “reluctant conscript” to May’s Brexit plan. But the City of London provided a mixed reaction to his departure. The FTSE rose by around 1%. But the pound fell by 0.29% against both the dollar and the euro.

Clearly under pressure, May, while addressing a noisy House of Commons, asserted in respect of her two former cabinet colleagues: “We do not agree on the best way to deliver our shared commitment­s to honour the result of the (Brexit) referendum.” In June 2016, in a cataclysmi­c outcome, Britons voted to leave the EU, where the United Kingdom had been a member since 1973. For nearly 40 years, Conservati­ves have been deeply divided on their country’s continuanc­e in the organisati­on, which forced May’s predecesso­r David Cameron to call a plebiscite.

What could save May, though, is the fact that the British parliament rises for the summer recess in a fortnight, when politics in this country historical­ly goes into hibernatio­n. While it is entirely possible for hostilitie­s to resume in autumn – before or during the annual party conference – it may not be easy to maintain the momentum. At the same time, while a widespread assessment persists, there is no automatic successor to May within her party, many among its grassroot membership favour a hard Brexit. Only on Friday, the British cabinet – bitterly split at least three ways – in a 12-hour marathon session at the Prime Minister’s country retreat at Chequers in the leafy county of Buckingham­shire agreed on a 120-page document.

 ?? PHOTO IMAGING FOR ILLUSTRATI­VE PURPOSE ONLY ??
PHOTO IMAGING FOR ILLUSTRATI­VE PURPOSE ONLY

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