Ballots closed in the race to become Britain's next prime minister on Monday, with the favorite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to attempt to resolve a three-year Brexit crisis that could damage economies on both sides of the Channel and determine the fate of generations of Britons.
Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.
British finance minister Philip Hammond said on Sunday that he would resign if Boris Johnson became prime minister because he felt unable to support a leader happy to take the country out of the European Union without a deal.
By Gwynne Dyer - Oscar Wilde described fox-hunting as “the unspeakable in pursuit of the inedible.” Brexit may be similarly defined as the unhinged in pursuit of the infeasible.
Boris Johnson, the leading candidate to replace Theresa May as British Prime Minister, said on Thursday the government had to find a way to tax global technology giants on their income.
Prime Minister Theresa May will urge her successor on Thursday to strengthen the bonds between England, Scotland, Wales and Northern Ireland, in a veiled criticism of those in her party who are widely thought to prefer Brexit to the union.
Boris Johnson, the frontrunner to become Britain's next prime minister, will launch a review into the so-called sin taxes on products high in salt, fat, and sugar if he wins the contest for leader, he will say on Wednesday.
Boris Johnson and Jeremy Hunt vowed to spend billions of pounds on public services, infrastructure and tax cuts on Sunday as the two men battling to become prime minister pitched themselves as the best candidate to take on the opposition Labour Party.
Boris Johnson, the leading candidate in the current process to replace Theresa May as UK prime minister is open to dialogue on the Falklands/Malvinas issue, said Argentine foreign minister Jorge Faurie during a meeting with the United Nations Secretary-General Antonio Guterres.
Boris Johnson's tax proposals would cost many billions and benefit the wealthy the most, according to the Institute for Fiscal Studies. Mr Johnson, the front-runner in the race to lead the Conservative Party, has outlined plans to raise the threshold for the highest rate of income tax to £80,000.