British PM Theresa May to Meet Business Chiefs on Brexit

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May On Monday, Theresa May, the British Prime Minister, is set to meet business chiefs in an attempt to convince them that the Brexit process is on track, after a bruising week for her leadership.

On Friday, a plan to oust her by about 30 MPs in her Conservative Party went public. However, cabinet colleagues declined to join the movement.

The plan came after her showpiece speech to the annual conference of the centre-right party on Wednesday — intended to stabilise her leadership — was troubled by mishaps.

A prankster was able to hand her a notice of unemployment, a persistent cough left her nearly unable to deliver her speech, and the set that was behind her started falling.

The business meeting on Monday at the Downing Street office of May will come as the European Union and British negotiators resume discussions in Brussels in anticipation of a Brexit negotiations breakthrough.

“Last month in Florence I set out my vision for a bold and unique new economic partnership with the EU,” said May.

“We are working hard to achieve this and are optimistic about our future as a global, free-trading nation.

“The Business Advisory Council is an important part of our preparations for leaving the EU — allowing us to seek the views of experienced business leaders and to share with them the government’s vision for a successful Brexit.”

The prime minister will be joined by Philip Hammond, the finance minister and David Davis, the Brexit secretary, for the council meeting.

Representatives from firms including HSBC, Aston Martin, Vodafone, and Morgan Stanley will be among those attending the meeting.

Balfour Beatty, GSK, WPP, JCB, Bridgewater, Whitbread, EY, ABF, and Nestle are also set to take part.

On Friday, the pound sterling currency of Britain tumbled as the plot thrown fresh doubt over the future of May.

The Florence speech of the prime minister offered concessions. However, pressure persists on the negotiators to make progress and lessen the uncertainty for businesses and citizens in Europe and Britain.

EU leaders are scheduled to vote at a summit on the 19th of October whether there has been “sufficient progress” on the three issues: the fate of Northern Ireland, Britain’s exit bill, and the rights of the three million EU citizens that are living in Britain.

If there is a failure to agree then, the next chance will not be until a summit that is to be held in December, with the clock ticking to have a final deal before Britain formally withdraws from the bloc on March 29, 2019.

Britain voted to leave the European Union in a shock referendum result in June 2016.