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| ‘Brexit’ Briefing: May, Gove or Leadsom? Conservatives Vote | ‘Brexit’ Briefing: May, Gove or Leadsom? Conservatives Vote |
| (about 2 hours later) | |
| LONDON — Conservative lawmakers are voting on Thursday to choose the finalists for their party leadership race. France is looking to lure businesses based in London. And three more real estate funds have suspended withdrawals. | LONDON — Conservative lawmakers are voting on Thursday to choose the finalists for their party leadership race. France is looking to lure businesses based in London. And three more real estate funds have suspended withdrawals. |
| Here’s your “Brexit” briefing: | Here’s your “Brexit” briefing: |
| • Tory lawmakers will choose the two finalists for the party’s leadership by this evening. The pair will then go before the party’s rank-and-file members, who will vote on a new leader (and thus prime minister). Theresa May, the home secretary, remains the overwhelming favorite, at least according to oddsmakers. | • Tory lawmakers will choose the two finalists for the party’s leadership by this evening. The pair will then go before the party’s rank-and-file members, who will vote on a new leader (and thus prime minister). Theresa May, the home secretary, remains the overwhelming favorite, at least according to oddsmakers. |
| • Andrea Leadsom, the energy secretary, delivered a speech Thursday morning outlining her economic plan and pledging to “banish the pessimists.” But she faces accusations that she doctored her résumé (she says the charges are “ridiculous”), and her Wikipedia page appears to have been edited by someone in her constituency, raising still more eyebrows. One of her challengers, Justice Secretary Michael Gove, is trying to persuade wavering colleagues to back him. | |
| • We are already anticipating the pun-filled headlines that could dominate the British tabloids if Ms. May does win. “May Day” is an early favorite, but we’re also expecting “May-nia,” “May-hem” and “A-May-zing.” Less likely? “May-lstrom.” | • We are already anticipating the pun-filled headlines that could dominate the British tabloids if Ms. May does win. “May Day” is an early favorite, but we’re also expecting “May-nia,” “May-hem” and “A-May-zing.” Less likely? “May-lstrom.” |
| • Three more British real estate funds have suspended withdrawals, bringing to six the number to have done so. France is pitching for businesses to move their headquarters across the Channel, with Prime Minister Manuel Valls confirming plans to cut corporate taxes. Italy’s plans to prop up its banks could also increase the strains from the referendum, and British and European officials are worried about the impact of an exit by Britain on the European Union budget. | • Three more British real estate funds have suspended withdrawals, bringing to six the number to have done so. France is pitching for businesses to move their headquarters across the Channel, with Prime Minister Manuel Valls confirming plans to cut corporate taxes. Italy’s plans to prop up its banks could also increase the strains from the referendum, and British and European officials are worried about the impact of an exit by Britain on the European Union budget. |
| • The pound has halted its decline but remains near 31-year lows. (The Guardian has a helpful explanation of those lows.) One major fund manager has warned that if the British authorities do not get their act together, the pound could fall to parity with the dollar. British and Continental European stocks are higher, as are American stocks. | |
| • Is Europe lacking in leadership? The Financial Times asks experts what traits the region’s leaders need. A commentator in The Daily Telegraph argues that Ms. May and Ms. Leadsom could put an end to the Conservative Party’s male domination, but another says Ms. Leadsom is not up to the task. My colleague Sarah Lyall notes that Britain’s politics have been dominated by elites feuding with, and plotting against, one another. | • Is Europe lacking in leadership? The Financial Times asks experts what traits the region’s leaders need. A commentator in The Daily Telegraph argues that Ms. May and Ms. Leadsom could put an end to the Conservative Party’s male domination, but another says Ms. Leadsom is not up to the task. My colleague Sarah Lyall notes that Britain’s politics have been dominated by elites feuding with, and plotting against, one another. |
| • The impact of “Brexit” may be felt for a long time, but in The Guardian, Simon Jenkins sees silver linings. One effect could be increased talk of “Frexit” (a French exit) or “Quitaly” (ditto for Italy), but in The New York Times Opinion pages, two writers argue that Britain is special. And while young people voted overwhelmingly to stay, one 20-something Financial Times journalist writes about how she was not one of them. | • The impact of “Brexit” may be felt for a long time, but in The Guardian, Simon Jenkins sees silver linings. One effect could be increased talk of “Frexit” (a French exit) or “Quitaly” (ditto for Italy), but in The New York Times Opinion pages, two writers argue that Britain is special. And while young people voted overwhelmingly to stay, one 20-something Financial Times journalist writes about how she was not one of them. |
| There will be updates throughout the day, so keep checking back. | There will be updates throughout the day, so keep checking back. |