Theresa May announced her plan to step down as British prime minister without completing the Brexit process, marking the start of a delicate political transition for the U.K. WSJ's Max Colchester explains what happens next. Photo: Reuters
The Jets moved on from Adam Gase after two unsuccessful seasons. Where will they go in their search for a new head coach? Mike Florio and Chris Simms examine the state of New York.
The president on Tuesday night shredded a just-passed massive Covid-19 relief package, criticizing in a Twitter video the size of the direct payments. MSNBC's Garrett Haake reports on what's next after Trump's surprise statement. Aired on 12/23/2020. Brexit trade talks have been put on hold after the two sides said 'conditions for an agreement are not met'.
Michel Barnier said the talks would be 'paused' until Saturday while negotiators brief their principals on the state of play.
- I will shortly leave the job that it has been the honor of my life to hold. The second female prime minister, but certainly not the last. I do so with no ill will, but with enormous and enduring gratitude to have had the opportunity to serve the country I love. - British Prime Minister Theresa May announced she'll be stepping down after failing to deliver on Brexit. Her primary objective as prime minister was to get Brexit through Parliament. But after many fights, (Parliament booing) in an effort to get her Brexit deal through Mrs. May tried to reach a compromise agreement with the opposition Labour Party, which sparked a rebellion in her own conservative group. Many of her own members of Parliament were aghast when she offered the prospect of potentially holding a second Brexit referendum, which could have canceled the project all together. - I have done everything I can to convince MPs to back that deal. Sadly, I have not been able to do so. - Now Mrs. May's departure makes things even more complicated for the United Kingdom. So, where do we go from here? - On Friday, the 7th of June. - Mrs. May on Friday announced that she would be stepping down as conservative party leader on June 7th. However, she will remain as prime minister until a successor is chosen, and that could take awhile. - [Man] About 120,000 conservative members will have a vote in the process. - In the meantime, she will host Donald Trump, who is due to visit the UK on the week beginning the 3rd of June. (audience applauding) Behind the scenes, the succession race has already been going on for months, and observers say there is a clear front runner. - I want a better deal for the people of this country. - Yup, Euro-skeptic Boris Johnson. He faces competition from former government minister Andrea Leadsom, amongst others. Mr. Johnson is a long-time Brexit cheerleader who foes what many call a hard Brexit. He has spoke previously in favor of potentially leaving the EU without a deal to smooth the divorce process. Something that critics say could cause huge economic harm to the UK. So what does it mean for Brexit? Whoever takes over for Mrs. May will face many of the same problems that dogged her during her tenure. Parliament remains deeply divided over how best to leave the EU. Meanwhile, Mrs. May's deal that took many months to negotiate with the EU is unlikely to be completely scrapped and will form the basis of any future discussion with the trade bloc. Then there is the issue of timing. The UK is due to leave the EU on October 31st, which leaves any new prime minister very little time to go back to Brussels to negotiate changes to that deal. Investors have been worrying about Theresa May's resignation for several weeks, sending the pound down against the dollar. They worry about more uncertainty, and they worry that the UK will leave without a deal from the EU, potentially causing economic pain. Businesses are also frustrated, because it is still not clear to them how or when the UK will actually leave the EU. Prospects of an orderly separation right now look dimmer than ever.