UK PM to skip Davos over Brexit uncertainty

Image
IANS London
Last Updated : Jan 18 2019 | 2:00 PM IST

Don't want to miss the best from Business Standard?

British Prime Minister Theresa May will not attend this year's World Economic Forum in Davos, Switzerland, to focus on resolving the Brexit crisis following the House of Commons' overwhelming rejection of her plan earlier this week.

The UK leader will remain in London next week to focus on "matters at home", a Downing Street spokesperson told CNN on Thursday. The government will be represented by "senior ministers", likely to be Chancellor Philip Hammond and Business Secretary Greg Clark, added the spokesperson.

The World Economic Forum is scheduled to begin on January 22 and will run till January 25.

The Downing Street announcement came following a turbulent week for May during which her Brexit plan was dismissed by the UK Parliament. Her government was later subjected to a no-confidence vote which it survived by a narrow margin.

May was expected to hold calls with EU leaders in the coming days. She will publish a revised Brexit blueprint on Monday, before the Parliament debates it on January 29.

Britain is due to leave the European Union on March 29, currently without any arrangements in place for doing so.

Experts warned that the UK's failure to secure a formal deal could lead to travel chaos, food shortages and a catastrophic economic slump in the British economy.

Now, May only has just 70 days to work together with opposition parties, as well as several competing factions within her own Conservative party, to secure a compromise Brexit deal that can win a majority in the Parliament.

May joins US President Donald Trump on the list of Western leaders too embattled by domestic politics to attend the elite gathering. French President Emmanuel Macron will also skip the ceremony.

Last week, Trump announced that he would cancel his own Davos trip due to a standoff over border security funding.

Both leaders attended the event last year.

--IANS

soni/

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 18 2019 | 1:50 PM IST

Next Story