The source also made clear that the issue was a negotiating point, adding: “It would just be a bad negotiating position because we shouldn’t guarantee the rights of European Union nationals without having any guarantees the other way about British nationals living in European Union members”.
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“I love my country, I could not recommend that Boris be prime minister”, Gove told the BBC on Sunday, when faced with accusations that he had knifed his friend in the back.
Meanwhile, launching a bid for the Labour Party leadership yesterday, lawmaker Angela Eagle said she had the necessary support to trigger a challenge to current opposition leader Jeremy Corbyn, who has refused to quit despite a majority of lawmakers in his own party passing a motion of no confidence in him.
Work and pensions secretary Stephen Crabb, who secured just 34 votes, announced he was dropping out of the race soon after and threw his support behind May, who said she was “pleased” with today’s result.
Justice Secretary Michael Gove received 48 votes.
Unless Gove opts to bow out, the next round of voting is scheduled for Thursday.
Whoever wins the Conservative leadership and the keys to 10 Downing Street will have to stabilise the economy and unify a party that was deeply split by the referendum campaign.
Insurer Aviva’s (AV.L) fund arm had earlier stopped trading in its 1.8 billion-pound UK Property Trust, while Standard Life Investments (SL.L) suspended a 2.9 billion-pound fund late on Monday. That is due to expectations that the economy will weaken and that the Bank of England will cut its benchmark rate further toward zero this summer.
Barack Obama has said there are “longer-term concerns about global growth” in the wake of the UK’s vote to leave the European Union.
A top law firm may institute a legal challenge to make certain that Britain’s Parliament votes on whether or not the United Kingdom should leave the European Union.
“But May said she did not favour the “coronation” scenario”.
He said his main message to Cameron, German Chancellor Angela Merkel and other leaders involved in the Brexit would be: “Everybody should catch their breath, come up with a plan and a process that is orderly, that’s transparent, that people understand and then proceed, understanding that both sides have a stake in getting this right”.
The funds buy commercial property and offer shares to investors.
The departure of brash former commodities trader Nigel Farage will sideline one of the most outspoken and effective anti-EU campaigners from the debate about how to sever Britain’s ties with the other 27 countries in the bloc.
Frontrunner Theresa May and Stephen Crabb, the work and pensions secretary running on a centrist ticket, have both suggested they would seek to stay in the “single market” trading area while restricting the freedom of movement of European Union citizens into Britain.
Prime Minister David Cameron’s official spokeswoman said: “Once we leave the EU, there are a whole range of issues that will need to be addressed – for example the status of British nationals elsewhere in the EU, the status of EU nationals here”.
He said: “I do not believe that you need to be in the single market to sell into the single market”.
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Interior minister Theresa May, the front-runner who campaigned for a Remain vote in the 23 June referendum, said Britain needed to have a clear negotiating position and she would not be rushed into starting the formal exit process this year.
