Yesterday the Governor of the Bank of England thought better of the much touted idea that he would cut interest rates by a further 0.25%.
By Steve Parkhurst, Senior Editor, USDR.
Looking at the news and opinion out of London each day.
She might look dull. But she’s more radical than you think
Plus: I tip him as Brexit Secretary, and just look what happens next.
It’s all change at No.10 as May promises to embrace the Union and build a new positive role for Britain in the world in the wake of the Brexit vote.
In a bold move, she appoints Davis, Fox and Johnson – all outspoke Leavers – to her Cabinet.
As I expected, the rhetoric on the continent is changing. Yesterday the President of the European Parliament challenged the pre vote rhetoric of the Commission by saying ” The UK should not be treated as a deserter but as a family member who is still loved but has decided to go in another direction”. The EU leaders are urging Mrs May to speed up the UK’s plans for exit, and saying they want to get on with it.
Theresa May became Britain’s second female prime minister Wednesday, three weeks after the U.K. voted to leave the European Union. The 59-year-old becomes the 13th prime minister to lead the U.K. under Queen Elizabeth II, and she assumes office after having served as home secretary from 2010 until this year.
David Cameron chaired his final of 215 Cabinet meetings today in 10 Downing Street. The meeting discussed the Government’s life chances strategy and the vote on Monday to renew Trident. It was rounded off with tributes to Mr Cameron from Theresa May, who replaces him as leader tomorrow, and George Osborne, the Chancellor.
As the last woman prime minister said when she was turfed out of office in November 1990, having never lost an election: “It’s a funny old world.” Well, it’s got even stranger over the past few days with the removal of a premier who campaigned to stay in the EU and his replacement by a colleague who was on his side in the referendum. As John Major said on addressing his first Cabinet meeting after Mrs Thatcher’s untimely eviction: “Well, who’d have thought it?”
This is a chance to forge a new workers’ party
So says our new Prime Minister in her first speech as the new Leader of the Conservative party. In another twist to the incredible plot of the Conservative leadership election, Andrea Leadsom pulled out of the race, allowing Theresa May to inherit the position.
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