Prime Minister Theresa May vowed to fight for her draft divorce deal with European Union
London. Prime Minister Theresa May vowed to fight for her draft divorce deal with the European Union on Thursday after the resignation of her Brexit secretary and other ministers put her strategy and her job in peril.
Just over 12 hours after May announced that her cabinet had agreed to the terms of the deal, Brexit secretary Dominic Raab and work and pensions minister Esther McVey resigned.
Eurosceptics in May’s Conservative Party said they had submitted letters calling for a vote of no confidence in her leadership.
May called a news conference at her Downing Street residence to underline her determination to stay the course.
Asked if she would contest any challenge to her position, she replied: “Am I going to see this through? Yes.”
However, hostility from government and opposition MPs raised the risk that the deal would be rejected in parliament, and that Britain could leave the EU on March 29 without a safety net.
That prospect pushed the pound down as much as 2 percent to $1.2731, although it recovered slightly after May’s statement.
The main stock index in Ireland, which is highly dependent on trade with Britain, plunged 3.8 percent.
The German carmaker BMW, which produces its Mini model in Britain, said that, with the political situation so uncertain, it would continue to prepare for a ‘no-deal’ Brexit.