• / Free eNewsletters & Magazine
  • / My Account
Home>Will she stay or will she go? Bookie sees 33% risk Theresa May will resign in October

Will she stay or will she go? Bookie sees 33% risk Theresa May will resign in October

Will she stay or will she go? Bookie sees 33% risk Theresa May will resign in October

10/06/2017

By Sara Sjolin, MarketWatch

An ouster for May could bring in a leader softer on Brexit -- or a new general election

It's been a rough week for the pound and Theresa May -- and the turbulence looks set to continue, as the plots to bring down the British prime minister thicken.

After her "disastrous" speech at the Conservative Party's annual conference (http://www.marketwatch.com/story/uk-leader-theresa-mays-slogan-literally-fell-apart-during-her-disastrous-speech-2017-10-04) on Wednesday, the British leader is battling mounting pressure to resign -- with the knives out even within her own party.

"Quite a few" discontented Tory members of parliament want May to step down, according to a report in the Telegraph (http://www.telegraph.co.uk/news/2017/10/05/theresa-may-future-conservative-leader-latest-updates/). Conservative bigwig Grant Shapps says (https://www.theguardian.com/politics/2017/oct/06/tory-ministers-privately-agree-theresa-may-should-go-says-grant-schapps) he has a growing list of at least 30 rebels ready to push for a new leader, including some former and present ministers.

What could happen next

-- The rebels could fail to sign up the 48 MPs needed to trigger a leadership election, and May clings onto power.

-- May gives in to pressure and resigns, and the leadership race begins. Conservatives could take up to three months to decide on who follows her.

©2017 Morningstar Advisor. All right reserved.