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Uncertainty Clouds Brexit Path as May Becomes UK Prime Minister

He shrugged off Ayrault’s criticism, saying the French minister had sent him a “charming letter … saying how much he looked forward to working together”.

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On her first full day in office, May dismantled Cameron’s affluent metropolitan clique, dubbed the “Notting Hill set” after the former prime minister’s trendy West London neighbourhood.

Johnson’s certainly not the obvious choice for Britain’s top diplomat.

In a Thursday phone call from Paris, Kerry and Johnson “agreed that the USA -U.K. special relationship is as essential as ever” and pledged to work together as North Atlantic Treaty Organisation allies in facing challenges.

“But I want to be clear – we will deal with them from a position of strength”.

Schaeuble is influential in Germany’s government and in Chancellor Angela Merkel’s party. Moreover, Davis says, delaying will strengthen Britain’s hand in negotiations with the rest of the EU.

Writing in ConservativeHome, Davis struck a positive tone, stating: “Brexit gives us many tools to deal with the very serious economic challenges that the country will face in the coming decades”.

“We can not ignore what has legally been implemented”, he said, referring to the new Bank Resolution and Recovery Directive introduced this year.

“The Conservative party went fast”.

Justine Greening, formerly in charge of global development, is now education secretary and minister for women and equalities. “She’ll need to form a plan quickly and be seen to have a plan”.

British media reported that May could appoint Liam Fox, a previous contender for the Tory leadership, or David Davis, another senior Tory MP, both Brexiteers as lead negotiatiors for the talks with the EU. But completely different political tasks now stand at the forefront: “this is about taking foreign policy responsibility beyond Brexit”.

When she was running for the Conservative leadership, May promised that “Brexit means Brexit”, and her appointments of Johnson, Davis and arch-euroskeptic Trade Secretary Liam Fox signal to European Union leaders that, no matter what her own feelings, she will not be watering down Britain’s commitment to leaving the EU.

Here is what she has said about the department, some information on likely candidates to run it and frontrunners to take over from George Osborne as finance minister.

Political turmoil caused by Britain’s vote could knock demand for air transport this year, the director general of airport association ACI Europe says.

Schaeuble spoke after meeting U.S. Treasury Secretary Jacob Lew, who said he will meet new British counterpart Philip Hammond in London later Thursday.

The EU 27 will meet in September without the United Kingdom to discuss the EU’s future, and May will be ushered into her first EU summit in late October.

“That department will be led by a senior Secretary of State – and I will make sure that the position is taken by a member of parliament who campaigned for Britain to leave the European Union”.

May, who had favored a vote to stay in the European Union, was left as the last woman standing after three leading rivals from the referendum’s winning Leave campaign self-destructed in the course of a short-lived leadership race.

May is expected to name a raft of new ministers on Thursday. The key points will be negotiated in a withdrawal agreement, which will take a while. It also decided against a new bout of quantitative easing, under which it effectively pumps money into the economy through the purchase of government bonds from financial institutions.

The European Commission has revised down its forecasts for growth in the euro zone and in Britain after the British vote to leave the European Union, in early estimates unveiled on Monday by the economic affairs commissioner Pierre Moscovici.

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Hemel Hempstead MP Mike Penning has celebrated the confirmation that Theresa May will be the UK’s next Prime Minister.

Philip Hammond