UK PM May to address her lawmakers after attacks over Brexit

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British Prime Minister Theresa May will address Conservative Party lawmakers at a private meeting in parliament on Wednesday after anger at her Brexit negotiating strategy prompted some of them to discuss replacing her.

May asked to address her divided party’s powerful “1922 Committee” where she can expect questions from lawmakers, some of whom have discussed forcing a leadership contest.

But her request to attend the committee meeting signals that she does not expect a febrile situation, which earlier this week pushed investors to sell Britain’s sterling currency on fears of political upheaval, is to flare into a formal challenge.

With just over five months to go until Britain’s scheduled departure from the EU on March 29, May’s Brexit negotiation has stalled over a disagreement on a fallback plan for the border between Northern Ireland and Ireland.

Many business leaders and investors fear politics could scupper an agreement, thrusting the world’s fifth largest economy into a “no-deal” Brexit they say would spook markets and clog up the arteries of trade.

Companies will suffer and criminals could benefit from the inevitable border disruption that will ensue if Britain leaves the European Union without a deal, the country’s public spending watchdog said on Wednesday.(Reuters)

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