Theresa May officially steps down as Tory leader

first_imgLondon: Outgoing British Prime Minister Theresa May will officially step down as the leader of the Conservative Party on Friday, but will retain the post of premiership until her successor is chosen, which is expected to be at the end of July. The move will pave the way for a leadership battle for her successor who will try to deliver Brexit after May failed to get her deal through Parliament. May announced her resignation May 24, saying it was a matter of deep regret that she had been unable to deliver Brexit. Also Read – ‘Hong Kong won’t rule out Chinese help over protests’Eleven Conservative MPs are vying to replace her, including former Foreign Secretary Boris Johnson, but some are likely to drop out before the June 10 deadline for nominations, the BBC reported. May remains acting party leader while the contest takes place. Her time as leader had been dominated by Brexit, with her party divided over the issue. Nominations for her successor will close on June 10, with the first round of voting by MPs taking place on June 13. Following a hustings involving the remaining candidates on June 17, the second ballot will take place on June 18. Also Read – Pak Army chief accompanies Imran at key meetings in ChinaUp to five MPs’ ballots are expected to take place, with the two candidates left standing announced on June 20. They will then go forward to a ballot of Tory Party members, with the winner expected to be announced by July 22. The UK was originally meant to leave the European Union on March 29 but that was then postponed to April 12 and eventually to October 31. When May announced her resignation, she said it was time for a new Prime Minister to try to deliver Brexit.last_img read more

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Engine output growing in 2017 despite April decline

Mike Hawes, SMMT Chief Executive, said,Market adjustments and the later Easter break have combined to impact this month’s production levels but overall engine production remains healthy year-to-date. UK engine plants are deeply integrated within the European supply chain where parts cross borders many times before a vehicle is finished. Like the wider industry, to guarantee future growth we need the next government to safeguard the conditions that have made us globally competitive, keeping us open and trading and delivering an ambitious industrial strategy for our sector.2Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) Engine manufacturing reduced by 14.5% in April as month shortened by Easter break.Year-to-date remains positive – up 4.7% – following strong Q1 output.539,950 engines exported in first four months of 2017 (57.3%)1 as SMMT reiterates risk of barriers to trade with Europe. read more

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