May's Brexit plan throws Britain into deepest political turmoil since Suez crisis
British Prime Minister Theresa May was fighting for survival after a draft divorce deal with the EU provoked the resignations of senior ministers and mutiny in her party. More than two years after the UK voted to leave the EU, it is still unclear how, on what terms or even if it will leave the EU as planned on March 29 2019. May, who won the top job in the turmoil that followed the 2016 referendum, has sought to negotiate a Brexit deal that ensures that the UK leaves in the smoothest way possible. But Brexit minister Dominic Raab resigned on Thursday over her proposed deal, sending the pound tumbling. Mutinous MPs in her own party openly sought to challenge her leadership and bluntly told her the Brexit deal would not pass parliament. Sterling, which has see-sawed on Brexit news since the referendum, was trading flat at $1.2783 on Friday, but down almost 3c since a deal was struck on Tuesday. This came after an almost 2% drop in currency markets on Thursday when shares of banks, bui...
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