Skip to content
Search

Latest Stories

Theresa May's Cabinet In Chaos As Brexit Minister Quits

British prime minister Theresa May suffered a huge blow on Thursday (15) as Dominic Raab quit as her Brexit secretary over a proposed EU withdrawal agreement.

May was preparing to start selling her Brexit deal to parliament, boosted by news that Europe is preparing a rapid summit to sign off on the agreement.


But the ground began to shift beneath her when Raab said he could not back the draft deal.

"I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto," he said.

"You deserve a Brexit secretary who can make the case for the deal you are pursuing with conviction.

"I must resign."

Raab, who had been in place since July, resigned less than an hour after Shailesh Vara quit as a junior Northern Ireland minister over the draft accord.

The pound sterling lost nearly one per cent of its value against the dollar following Raab's resignation, wiping out gains since Tuesday (13) as the draft agreement emerged.

At 0900 GMT, the pound stood at around $1.2870, compared to $1.2992 at 2200 GMT on Wednesday (14).

May had secured her cabinet's collective approval for the agreement during a five-hour meeting on Wednesday, an important step that helped allay growing fears in the business community of a disorderly divorce.

She was due to set out the terms of the draft withdrawal agreement with the European Union to parliament's lower House of Commons, which must approve the deal before Brexit day on March 29.

European Council president Donald Tusk said in Brussels that unless problems emerge as EU member states examine the deal, he will host a summit to sign the accord in Brussels on November 25.

May's governing centre-right Conservative Party - which does not command a Commons majority - was already split between Brexiteers and those who wanted to remain in the union, and now many on both sides of that divide oppose her deal.

Raab had backed Britain leaving the EU in the 2016 referendum, while Vara wanted the UK to stay in the bloc.

'Threat' To UK Unity

In quitting the cabinet, Raab said he believed the regulatory regime proposed for Northern Ireland presented a "very real threat" to the United Kingdom's integrity.

Raab added that he was opposed to "an indefinite backstop arrangement" to guarantee the Irish border remains free-flowing, saying the EU would hold "a veto over our ability to exit".

Vara said the withdrawal agreement fails to leave Britain as a "sovereign, independent country".

The outraged response by many MPs to the deal has heightened concerns that even when finalised, it will not pass parliament.

Hardline Brexit supporters have cried betrayal over the agreement's vision of a close future relationship between Britain and the EU.

May insisted it "brings back control of our money, laws and borders, ends free movement (of people), protects jobs, security and our union".

But she conceded there were "difficult days ahead" as she seeks to woo MPs.

Speaking in Brussels, Tusk said EU member states would have until Tuesday next week to examine the deal and to agree with the wording of a parallel political statement setting out goals for the bloc's future relations with London.

Ater that, preparations will begin for an EU summit on the following Sunday to sign the deal.

"As much as I am sad to see you leave, I will do everything to make this farewell the least painful possible, both for you and for us," said Tusk.

The deal covers citizens' rights, Britain's financial settlement and plans for a post-Brexit transition period during which both sides hope to agree on a new trade deal.

The most controversial element is the "backstop" plan to keep Britain in a customs union with the EU until a trade deal is agreed that avoids the need for border checks with Ireland.

Many Brexiteers fear this would leave Britain a "vassal state", tied to the bloc indefinitely.

'No Brexit?'

In a statement outside Downing Street late Wednesday, May said her deal was "the best that could be negotiated".

She said if MPs rejected it they faced Britain leaving without agreement, which experts say could lead to potentially catastrophic economic and legal disruption.

She also raised the risk of "no Brexit at all", a warning likely intended for her eurosceptic MPs but which was seized upon with enthusiasm by campaigners for a second referendum.

A small but growing number of Conservative MPs back a second vote with the option to stay in the EU, although May has rejected the idea.

Agence France-Presse

More For You

UK business district
The Canary Wharf business district including global financial institutions in London.
Getty Images

Economy grew 0.7 per cent in Q1 2025, fastest in a year

THE UK economy expanded at its fastest pace in a year during the first quarter of 2025, driven by a rise in home purchases ahead of a tax deadline and higher manufacturing output before the introduction of new US import tariffs.

Gross domestic product rose by 0.7 per cent in the January-to-March period, the Office for National Statistics (ONS) said, confirming its earlier estimate. This was the strongest quarterly growth since the first quarter of 2024.

Keep ReadingShow less
Rosneft in early talks to sell India refinery stake to Reliance

Reliance Industries chairman Mukesh Ambani (Photo: Getty Images)

Rosneft in early talks to sell India refinery stake to Reliance

RUSSIAN oil major PJSC Rosneft Oil Company is in early discussions with Reliance Industries to sell its 49.13 per cent stake in Nayara Energy, an Indian energy company that operates a 20-million-tonnes-per-year oil refinery and 6,750 petrol pumps, sources familiar with the matter said.

The deal, if finalised, would see Reliance overtake state-owned Indian Oil Corporation (IOC) to become India’s largest oil refiner. It would also provide Reliance with a significant expansion in fuel retailing, where it currently holds a relatively small presence.

Keep ReadingShow less
modi-trump-getty
Trump shakes hands with Modi during a joint press conference at Hyderabad House in New Delhi on February 25, 2020. (Photo: Getty Images)
Getty Images

Key issues in India, US trade talks

TRADE talks between India and the US have hit a roadblock over disagreements on duties for auto components, steel and farm goods, Indian government sources said to Reuters, dashing hopes of reaching an interim deal ahead of president Donald Trump's July 9 deadline to impose reciprocal tariffs.

Here are the key issues at play:

Keep ReadingShow less
Anil Agarwal

Vedanta Resources, which is based in the UK and owned by Indian billionaire Anil Agarwal, has been working on reducing its debt. (Photo credit: Getty Images)

Getty Images

Anil Agarwal’s Vedanta Resources signs £438 million refinancing deal

VEDANTA LTD said on Thursday that its parent company, Vedanta Resources, has signed a loan facility agreement worth up to £438 million with international banks to refinance existing debt.

The refinancing move, where old loans are replaced by new ones, often at better terms like lower interest rates, has led ratings agencies such as S&P Global Ratings and Moody's to upgrade their outlook on the company this year.

Keep ReadingShow less
Trump-Getty

Trump said that while deals are being made with some countries, others may face tariffs.

Getty Images

Trump says major trade deal with India may be finalised soon

US PRESIDENT Donald Trump on Friday said a "very big" trade deal could be finalised with India, suggesting significant movement in the ongoing negotiations between the two countries.

“We are having some great deals. We have one coming up, maybe with India. Very big one. Where we're going to open up India," Trump said at the “Big Beautiful Bill” event at the White House.

Keep ReadingShow less