The first round of voting in the Conservative Party leadership contest yesterday was eclipsed by sharp fluctuations in the stock markets that saw a slump in sterling and two major property funds suspend dealing.
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Crabb, 43, withdrew after he came fourth out of five in the first round of voting, securing support from just 34 out of 330 Conservative lawmakers.
With 66 votes out of 329, Energy Minister Andrea Leadsom is supported by 20% of MPs.
Two Conservative Party activists said some of May’s supporters were encouraging lawmakers who back the interior minister to vote for Gove, cutting out the increasingly popular Leadsom from the race.
Nick Boles sent a text to MPs telling them that Mr Gove’s allies were “seriously frightened” about the prospect of Ms Leadsom becoming prime minister, and that it was in the “national interest” to prevent her from making the final run-off which will be decided by party members. Are we really confident that the membership won’t vote for a fresh face who shares their attitudes about much of modern life, like they did with IDS (Iain Duncan Smith)?
THERESA May, the frontrunner in the race for leadership of the Conservative Party, has reportedly backtracked on an earlier refusal to guarantee the rights of European Union nationals in Britain after rivals accused her of using British expats as “bargaining chips” in Brexit negotiations.
She is expected to be confirmed on Thursday as one of the two contenders chosen by MPs to go forward in a vote of around 150,000 Conservative members to elect a new leader – and prime minister – on September 9.
With EU leaders pushing Britain to speed up the race and begin Brexit negotiations, a group of about 30 MPs have signed a letter calling for a new leader to be installed by the end of the month.
She shuns the words “you can’t” and replaces them with “I can and I will”. Leadsom, 53, who had a 25 year career in financial services before turning to politics but has never served in cabinet, also received a boost on Monday when former London Mayor and leading Brexit campaigner Boris Johnson gave her his backing.
The Telegraph noted that Leadsom’s devotion to her Christian faith is different from Prime Minister David Cameron, “who once compared his faith to the reception for Magic FM in the Chilterns – ‘It comes and goes'”.
Carney said the bank would lower the amount of capital banks are required to hold in reserve, freeing up an extra 195 billion USA dollars for lending.
Both men said they were backing May.
“The bank can be expected to take whatever action is needed to promote monetary and financial stability, and as a effect, support the real economy”, Carney said.
Clarke joked that if Gove became prime minister he would probably get Britain involved in at least three wars at once.
Gove has faced criticism from many within the party for treachery after he made a decision to stand, knowing that former mayor of London Boris Johnson had already set his sights on moving to 10 Downing Street.
“Patriots don’t resign when things get hard, they stay”.
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Guy Verhofstadt, the Liberal bloc leader in the EU Parliament, likened the departed leaders to “rats fleeing a sinking ship”.
