Published: Thu, December 13, 2018
Markets | By Jeffery Armstrong

Theresa May Faces Leadership Challenge Following Vote Of No Confidence

Theresa May Faces Leadership Challenge Following Vote Of No Confidence

She needs to secure the votes of 159 MPs to survive.

Bernard Jenkin, a senior MP who supports Brexit, dismissed May's suggestion it was too risky to change leader at this time.

UK Prime Minister Theresa May on Wednesday told Conservative Party lawmakers that she won't run in the next general election - a stunning development as she faced a no-confidence vote in Parliament, Reuters reported.

In a defiant statement outside 10 Downing St., May said "a change of leadership in the Conservative Party now will put our country's future at risk".

He held a public meeting in the town and described the Prime Minister's deal as "not perfect" but the "best, pragmatic deal".

Senior Tory MP Sarah Wollsaton said she hoped Eurosceptics" coup to oust May would lose badly so she could "see the back of their pompous threats forever'.

British Prime Minister Theresa May, who is boxed in on her options for Brexit, had her room for maneuver further diminished when she was briefly locked in her auto in front of German leader Angela Merkel on Tuesday.

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Voting will be held on Wednesday from 6pm to 8pm (UK time), and the result will be announced soon after.

If Mrs May wins, she can not be challenged for another year.

As investors and allies tried to work out the ultimate fate of the world's fifth-largest economy, rebel lawmakers in Mrs May's party said she had to go.

"For my part I have heard what the House of Commons said about the Northern Ireland backstop and when I go to the European Council tomorrow I will be seeking legal and political assurances that will alleviate the concerns that members of parliament have".

He resigned his Cabinet position in July in protest over May's Brexit plan, which he denounced as too soft and has since then eviscerated her exit strategy in regular columns for the Daily Telegraph newspaper.

From there, people who have been members of the Conservative Party for more than three months receive a postal vote to choose a leader out of the two.

If she loses, the leadership election could take days or even weeks into the New Year and could potentially derail the Brexit timetable.

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May, who spent Tuesday (Wednesday NZT) touring European Union capitals to appeal for changes to sweeten the divorce deal for reluctant United Kingdom lawmakers, has until January 21 to hold a vote on her deal in Parliament, a timetable that could be scuttled if she is replaced.

Both Mrs May's Conservatives and the main opposition Labour Party have pledged to implement the result of the 2016 referendum in which Britons voted narrowly to leave the EU.

With this victory, May's leadership can not be challenged again for a year.

"She believes it is her duty to serve as long as the party wants her to". Conservative MPs and others condemned her handling of the Brexit process during debates in the House of Commons. There is a very wide range of views, she is doing her best to span the majority of colleagues.

Failure to reach this figure would trigger a leadership contest in which she could not stand.

"I am backing the Prime Minister 100 per cent - and I urge every Conservative MP to do the same", Environment Secretary Michael Gove wrote on Twitter.

He added: "I also think it's probable we will win it provided we understand we have to respect the vote Leavers made".

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Former Brexit Secretary Dominic Raab, ex-Foreign Secretary Boris Johnson and ex-Brexit Secretary David Davis are the ex-cabinet ministers also judged to be in the running.

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