British Foreign Secretary Boris Johnson quits amid Brexit crisis

Elias Hubbard
July 9, 2018

"The prime minister thanks Boris for his work", the statement said.

Davis quit late Sunday saying he could not support May's plans for close trade and regulatory ties with the bloc after the United Kingdom leaves the European Union next year. The Bank of England's former Monetary Policy Committee (MPC) member Danny Blanchflower stated that the PM's current tenure could be short-lived following David Davis' resignation, and after months of threats of a leadership challenge, the Tories may finally make a move to oust the current Prime Minister.

Broader markets are Dollar-bearish, but the Sterling can't pull itself upwards as Brexit concerns continue to weigh.

The resignations have led to renewed speculation that some in Mrs May's party may try to remove her as leader - and therefore as the British prime minister.

"I'm seeking Brexit. The key is that Brexit is delivered properly", he told LBC Radio. Numerous party's pro-Brexit wing were incensed when a meeting with her Cabinet at Chequers on Friday produced a manifesto for a much softer Brexit than she had previously proposed.

Davis was replaced Monday with Dominic Raab, a lawmaker who strongly supports Britain's European Union exit.

Prime Minister Theresa May has defended her Brexit plans. "I won't be encouraging people to do that, I think it's the wrong thing to do".

May told parliament in a heated session that her plan was "not a betrayal" of the referendum vote.

Our Brexit Insider Facebook group is the best place for up-to-date news and analysis about Britain's departure from the European Union, direct from Business Insider's political reporters.

Other reports by Click Lancashire

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