The UK set to have a new Prime Minister: an important step towards greater certainty
It is expected that Theresa May will become Prime Minister on Wednesday July 13, following Andrea Leadsom’s decision to withdraw from the election to be the new leader of the Conservative Party and David Cameron’s announcement this afternoon.
In announcing her decision today not to contest the party leadership, Andrea Leadsom highlighted that continuing uncertainty throughout the proposed nine-week campaign for the leadership of the Conservative Party would not have been desirable: “Business needs certainty – a strong and unified government must move quickly to set out what an independent United Kingdom’s framework for business looks like.”
While we are no closer to knowing what deal the UK will be able to negotiate with the EU, the confirmation of a new Prime Minister should mean that the UK can now focus on how it wishes to conduct those negotiations and the plan for the UK’s eventual withdrawal from the EU.
Although Theresa May voted to remain in the EU in the recent referendum, she has since stated that “[t]he country voted to leave the EU, and it is the duty of the government and of parliament to make sure we do just that”. However she has also stated that she would not trigger Article 50 until the UK was able to determine its negotiating position.