Just two days after Theresa May secured the backing of her whole Cabinet for a ‘softer Brexit’ plan, two key figures within her party have resigned due to concerns that May is keeping the UK tied too closely to the European Union (EU). David Davis had been leading UK negotiations to leave the EU, however decided that he was no longer the best person for the job, due to his conflicting views on the impact of a more moderate Brexit plan on the UK’s ability to negotiate in crunch talks. Divisions within the Conservative Party have surfaced once more at a crucial point in the Brexit negotiations, just eight months before the UK is due to leave the EU. Despite this, sterling has been strengthening on the back of the news of a ‘softer Brexit’, while yields on UK government debt are rising as investors sell debt.
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US creates more jobs than expected in June
US creates more jobs than expected in June