After three years of service, Theresa May will step down from her post as British Prime Minister, suddenly ending her very eventful term. On June 7, she will also resign as the head of the UK Conservative Party. She was Britain’s second female Prime Minister.
During the final period of her term, Theresa May fought to bring forward a withdrawal agreement related to Brexit, a movement wherein Britain decided to leave the European Union via majority vote. She held negotiations with the lawmakers of the Parliament to ask that they support the withdrawal agreement, but unfortunately, her efforts were in vain, as she was unable to gather their backing. This was primarily the reason why she decided to resign from her position.
In an emotional statement, she made recently, she expressed her dismay at the aftermath of the negotiations, and that despite her efforts and perseverance, she was not able to pull off what she felt was one of her duties for the country. She aired out her disappointment at the situation and believed that maybe another prime minister would be able to continue what she started successfully. As much as it pained her, she needed to step down and give way to someone new.
After her statement regarding her decision, the value of Sterling lost the 0.5% growth it gained for a brief period.
What Does the Future Hold for Britain Now?
Theresa May will remain in position as acting Prime Minister while awaiting a new one to be appointed. She will still meet with U.S. President Donald Trump when he conducts a state visit on June 3 this year.
Theresa May was primarily concerned with making sure that Brexit continues, a move that British lawmakers have denied multiple times in the past. This led May’s party members to become critical of her governing ability and question her eligibility as Prime Minister. As a result, she already made plans to resign and hand her position over to someone else once the British Parliament casts their votes on the Brexit withdrawal agreement bill she authored.
Part of the agreement bill that May wrote were two provisions for a customs union agreement and an opportunity to hold a referendum for Brexit. Her fellow Conservative party members did not agree with these, thus leading them to be upset about May’s governing decisions as Prime Minister. On the part of the opposing Labour Party, they saw May’s authored bill as a repeat of what she initially put forward before and have denied their support for it as well.
In a statement made by Labour Party leader Jeremy Corbyn, he reinforced Theresa May’s perceived lack of governing ability and fully supported her resignation. He goes on to say that the new Tory leader should hold a general election so that the people can vote towards Britain’s future.
Since the withdrawal agreement did not push through, the UK may be pushing through with Brexit in a disorderly fashion, with Britain and Northern Island officially exiting the European Union on October 31. As for who will succeed Theresa May, one of the possible candidates for the Prime Minister role is Boris Johnson, a member of the Conservative Party.
The Brexit agreement was initially approved last June 2016, causing then-Prime Minister David Cameron to resign from his post, given his staunch opposition of the withdrawal. Theresa May then took his place and continued the process of pushing through with the UK’s exit. To aid her efforts, she held a snap election to add Conservative Party lawmakers in the Parliament. Unfortunately, this effort was in vain, as her party lost the election.
Even though she exerted all efforts to push for Brexit, it seems that the odds were not in her favor. She faced opposition from lawmakers and dealt with a border issue involving Ireland, something that has not been resolved until now. Because of the various problems she faced, she was ultimately led to resign from her post and give way to other candidates.
Theresa May is the child of a vicar and graduated from Oxford University. She started her political career back in 1997 as an MP, then went on to hold the home secretary post before becoming Prime Minister. She also had previous experience working at the Bank of England.