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‘Brexit’ Briefing: European Union Meets; Conservatives Aim to Replace David Cameron ‘Brexit’ Briefing: David Cameron Leaves Brussels Early; Conservatives Seek New Leader
(about 2 hours later)
European leaders are meeting in Brussels (but Britain isn’t invited). European leaders met in Brussels on Wednesday, but Prime Minister David Cameron of Britain was sent home early.
Here’s what you can expect in today’s “Brexit” news: Here’s what is happening today in “Brexit” news:
• The leaders of 27 European Union countries are meeting in Brussels to discuss the British exit. Not invited: Prime Minister David Cameron. Britain will have to negotiate the terms of its divorce, but only after it formally files the separation papers — a task Mr. Cameron has left to his successor. • The leaders of 27 European Union countries are meeting in Brussels to discuss the British exit. Mr. Cameron showed up only briefly for a somber dinner on Tuesday, at which he told his fellow leaders that immigration was the main reason his compatriots had decided to leave the bloc.
• Lawmakers from Britain’s governing party are jockeying to replace Mr. Cameron, and the opposition Labour Party is in turmoil. European leaders expressed alarm: Chancellor Angela Merkel of Germany said there would be economic consequences to an exit; Dalia Grybauskaite, the president of Lithuania, said “we all need to wake up and smell the coffee”; and Prime Minister Charles Michel of Belgium called Britain’s vote to withdraw “a wake-up alarm.”
The process for choosing a new Conservative Party leader formally opens today. Nominations close at noon on Thursday. Britain will have to negotiate the terms of its divorce, but only after it formally files the separation papers — a task Mr. Cameron has left to his successor.
• Lawmakers from Britain’s governing party are jockeying to replace Mr. Cameron, with the process for choosing a new Conservative Party leader opening today. Nominations close at noon on Thursday.
Boris Johnson, the former London mayor and a leader of the campaign to leave the European Union, is the favorite, but other possible candidates include Home Secretary Theresa May and Health Secretary Jeremy Hunt. Rank-and-file members will choose between finalists selected by Conservative legislators.Boris Johnson, the former London mayor and a leader of the campaign to leave the European Union, is the favorite, but other possible candidates include Home Secretary Theresa May and Health Secretary Jeremy Hunt. Rank-and-file members will choose between finalists selected by Conservative legislators.
• Nicola Sturgeon, the top official in Scotland, will meet in Brussels with the European Commission’s president, Jean-Claude Juncker. But Mariano Rajoy, the Spanish caretaker prime minister, has already voiced opposition to negotiating a potential European Union membership for Scotland. Gordon Brown, a former British prime minister, is giving a post-referendum speech in Edinburgh. Members of Parliament will hear evidence about incidents of xenophobia and hate crimes since the referendum. • The opposition Labour Party is in turmoil. Jeremy Corbyn, the party leader, lost a no-confidence vote by his fellow lawmakers on Tuesday.
• During the weekly grilling of the prime minister, Mr. Cameron angrily called on Jeremy Corbyn, the leader of the opposition Labour Party, to quit, handing him some of the blame for the “Leave” campaign’s victory. And during the weekly grilling of the prime minister, Mr. Cameron angrily called on Mr. Corbyn to quit, handing him some of the blame for the “Leave” campaign’s victory.
“It might be in my party’s interest for him to sit there. It’s not in the national interest,” Mr. Cameron thundered. “And I would say, for heaven’s sake man, go!”“It might be in my party’s interest for him to sit there. It’s not in the national interest,” Mr. Cameron thundered. “And I would say, for heaven’s sake man, go!”
The unusually fierce attack on Mr. Corbyn came a day after the Labour leader overwhelmingly lost a no-confidence motion among his own lawmakers. He has refused to resign.
(Mr. Cameron’s comment seems to be a nod to remarks by Oliver Cromwell in April 1653, when, having lost patience with Parliament, he said: “You have sat too long here for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go!”)(Mr. Cameron’s comment seems to be a nod to remarks by Oliver Cromwell in April 1653, when, having lost patience with Parliament, he said: “You have sat too long here for any good you have been doing. Depart, I say, and let us have done with you. In the name of God, go!”)
• Secretary of State John Kerry, like many observers, has noted that a British exit might not even happen, a position that Gideon Rachman, writing in The Financial Times, also took. (My colleague Max Fisher has laid out some of the options if Britain wanted to exit “Brexit.”) The London School of Economics has a blog post on how Britain could maneuver its way to a second referendum. • Secretary of State John Kerry, like many observers, has noted that a British exit might not even happen, a position that Gideon Rachman, writing in The Financial Times, also took. (My colleague Max Fisher has laid out some of the options if Britain wants to exit “Brexit.”) The London School of Economics has a blog post on how Britain could maneuver its way to a second referendum.
• If Boris Johnson — the bookies’ favorite — does take over as Conservative leader and, by extension, prime minister, what should he do? Martin Wolf offers advice in The Financial Times. Tina Brown, though, is no fan of Mr. Johnson. And Sarah Vine, a journalist and the wife of a Leave campaign leader, describes the hours after the referendum result became clear.• If Boris Johnson — the bookies’ favorite — does take over as Conservative leader and, by extension, prime minister, what should he do? Martin Wolf offers advice in The Financial Times. Tina Brown, though, is no fan of Mr. Johnson. And Sarah Vine, a journalist and the wife of a Leave campaign leader, describes the hours after the referendum result became clear.
• In The Times’s opinion pages, Paul Anderson writes that Mr. Cameron may have held the referendum to heal rifts in the Conservative Party, yet the result has caused a schism in Labour. Thomas L. Friedman says the vote is not the end of the world — but it does show us how we can get there. And Sarfraz Manzoor notes that London and the rest of England are very different places. • In The Times’s opinion pages, Paul Anderson writes that Mr. Cameron may have held the referendum to heal rifts in the Conservative Party, yet the result caused a schism in Labour. Thomas L. Friedman says the vote is not the end of the world — but it does show us how we can get there. And Sarfraz Manzoor notes that London and the rest of England are very different places.
• Thousands gathered in Trafalgar Square on Tuesday evening to protest the results of the referendum.• Thousands gathered in Trafalgar Square on Tuesday evening to protest the results of the referendum.
Most London voters favored staying in the European Union. At the protest, the mood was one of frustration. Will Hudson, a 30-year-old management consultant, said he felt he had to “be out on the streets.” Dominic Boyce, a 25-year-old drummer, said he “felt let down by humanity.” And Stephen Lock, a 64-year-old business consultant, described it as a “total tragedy.”Most London voters favored staying in the European Union. At the protest, the mood was one of frustration. Will Hudson, a 30-year-old management consultant, said he felt he had to “be out on the streets.” Dominic Boyce, a 25-year-old drummer, said he “felt let down by humanity.” And Stephen Lock, a 64-year-old business consultant, described it as a “total tragedy.”
• The markets look to be recovering — or is it a “dead cat bounce”?• The markets look to be recovering — or is it a “dead cat bounce”?
So far, they look to be recovering after falling sharply in the wake of the referendum result Friday morning. British and Continental European stock indexes have followed their Asian counterparts higher, and the pound is up, after falling to three-decade lows on Monday. The FTSE 100 index appears to have recovered all of its Brexit-related losses. After falling sharply in the wake of the referendum result announcement Friday morning, the London exchange closed at 6,360.06 on Wednesday. And the pound is up, after falling to three-decade lows on Monday.
We’ll be posting news and other good reading on Brexit matters here as the day goes on.