Wednesday, June 29, 2016

‘Brexit’ Briefing: European Union Meets; Conservatives Aim to Replace David Cameron

 
 
 
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European leaders are meeting in Brussels (but Britain isn’t invited). Here’s what you can expect in today’s “Brexit” news: The process for choosing a new Conservative Party leader formally opens today. Nominations close at …
 
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A pro-European Union demonstration in London. Thousands of people gathered in Trafalgar Square on Tuesday to protest the results of last week’s referendum. Credit Andrew Testa for The New York Times
European leaders are meeting in Brussels (but Britain isn’t invited).
Here’s what you can expect in today’s “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.
Lawmakers from Britain’s governing party are jockeying to replace Mr. Cameron, and the opposition Labour Party is in turmoil.
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Boris Johnson, the former mayor of London and a leader of the campaign to leave the European Union, is a favorite to be the new Conservative Party leader. Credit Jeff J Mitchell/Getty Images
The process for choosing a new Conservative Party leader formally opens 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.
Video

Scotland Pushes Back Against ‘Brexit’

Scottish leaders say they are voicing their people’s wish to stay in the European Union. Scotland overwhelmingly voted to remain a part of the bloc despite Britain’s vote to leave.
By SHANE O’NEILL and MEGAN SPECIA on Publish Date June 28, 2016. Photo by Andy Buchanan/Agence France-Presse — Getty Images. Watch in Times Video »
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.

Prime Minister’s Questions

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Jeremy Corbyn, the leader of the biggest opposition party, Labour, leaving his North London home on Wednesday. Credit Sean Dempsey/European Pressphoto Agency
• 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.
“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!
Video

‘For Heaven’s Sake, Man, Go!’ Cameron Says

Prime Minister David Cameron of Britain implored Jeremy Corbyn, the Labour Party leader, to resign in Parliament on Wednesday, echoing calls by Mr. Corbyn's own party.
By THE ASSOCIATED PRESS on Publish Date June 29, 2016. . Watch in Times Video »
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!”)

Your ‘Brexit’ Reading List

• 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.
• 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.

#LondonStays Rally in London

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The rally in Trafalgar Square in London on Tuesday. Credit Andrew Testa for The New York Times
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.”

The Markets

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.

Stay Tuned

We’ll be posting news and other good reading on Brexit matters here as the day goes on.

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