"Many Photos" - Theresa May ‘to quit this summer’: PM ‘hints to friends she will go at a time after Brexit'

Theresa May is said to be planning her exit from 10 Downing Street

The Prime Minister will quit her job in the summer – just weeks after Brexit – according to members of her inner circle.

The Conservative leader will call the leadership contest shortly after leaving the European Union, The Sun reports, but will remain hopeful she can pick her replacement to prevent a successful Boris Johnson bid.

According to Cabinet ministers the Prime Minister has hinted to them personally she will trigger a Tory leadership race to end at the party's annual conference in October.

A source close to Liam Fox, told The Sun May's good friend, the current International Trade Secretary, believes she will go after the deadline on March 29.

A senior Tory source told The Sun: 'Liam is convinced she'll go this summer. He says everything the PM has told him suggests that.

'She's determined to ensure the right person follows her, and she'll have no say at all if it gets to the stage of forcing her out.'

Trade Secretary Liam Fox reportedly told friends Mrs May has hinted she will leave after March 29 - when Brexit has passed the deadline

Prime Minister Theresa May only speak about her plans for her career to husband Philip 

Boris Johnson (pictured in Westminster today) insisted staying in a customs union permanently would mean the UKJ being 'essentially a colony'

Mrs May has only dropped hints, however, and has not revealed to anyone what she will do.

A senior No10 source said it is only ever her husband who knows what she is planning.

They said to the same paper: 'The only person who will know Theresa's real thinking on when she'll step down is her husband Philip.

'She won't share it with anyone else, not us or any Cabinet minister.'

According to some in the Tory party MRs May wants to leave when she has regained strength through arriving with a Brexit deal signed before the exit date.

However, she will take a keen interest in the person replacing her.

It is believed she will attempt to keep out those who have harmed her premiership, such as Boris Johnson.

Business Secretary Greg Clark has apparently indicated to friends she will go this year.

Former foreign secretary Johnson has insisted the so called backstop agreement with the European Union having a time limit on it would see him back May's deal.

However, his demand remains that the agreement would need to expire before the next general election in 2022. 

The intervention early this week came as the PM moved to quell Tory fears that she is about to cave into Jeremy Corbyn's demand for a permanent customs union with the EU. 

EU negotiator Michel Barnier today doubled down on demands Mrs May reach a deal with Mr Corbyn, insisting 'something has to give on the British side' and 'time is short' to conclude the deal. 

Mrs May had caused panic in Tory ranks by appearing to open the door to a grand bargain. 

But Downing Street insisted the PM was 'absolutely clear' that she will not support the call from Labour. 

The Prime Minister wants to get Brexit through in time for the March 29 deadline so she can leave in a strengthened position 

In her letter to Mr Corbyn (pictured on Saturday), May also confirmed that ministers are 'examining opportunities' to pour millions into deprived Brexit-voting Labour constituencies

No Deal could cost Germany 10,000 jobs, experts predict

A No Deal Brexit would cost 100,000 jobs in Germany, experts predict.

The academic study says British imports from the EU could plunge by 25 per cent if the UK leaves without a deal next month.

Concern about the impact of a No Deal Brexit has put mounting pressure on Angela Merkel to help broker concessions that will enable Theresa May to get the agreement through Parliament.

Last week, the German chancellor urged EU leaders to 'be creative', saying 'everybody is willing' to help find a solution.

The study, cited by the German newspaper Welt am Sonntag, suggests that Germany would be among the foreign countries hit hardest by a No Deal Brexit.

It estimates that more than 100,000 jobs would be put at risk 'either directly or indirectly'. 

This includes 15,000 jobs in the German car industry alone.

'In no other state is the effect on total employment as great as Germany, which affects around 100,000 people,' said study co-author Oliver Holtemöller, of the Halle Institute for Economic Research.

'The employment effects of a hard Brexit would be noticeable above all at the automobile locations.'

France is the next country in line to feel the heaviest effects of a No Deal Brexit, with 50,000 jobs on the line, according to the study. 

Ireland and Malta would also be hit hard.

Overall, the study estimates that more than 600,000 people worldwide could feel the effects of a No Deal exit.

Meanwhile, a think-tank said household incomes in Britain have taken a £1,500 hit since the Brexit referendum in 2016.

Higher than expected inflation also contributed to the fall in the average disposable income of families in the UK, according to a report by the Resolution Foundation. 

It was 'hard not to conclude that Brexit must be the single biggest factor'. 

Mrs May also sparked furore by penning a letter to Mr Corbyn saying his call for the UK to stay in a customs union would hamper free trade deals – but stopped short of ruling it out. 

Mrs May also said the Tories were 'prepared to commit' to new laws to protect workers' rights after Brexit – a key demand of Labour and the unions.

But the hints at a cross-party pact, which could frustrate opposition from hardline Tory Eurosceptics, risked causing a Cabinet meltdown - with several senior figures including Liz Truss and Liam Fox thought to be ready to quit. 

Brussels has so far flatly dismissed pleas from Mrs May to reopen the divorce package that they painstakingly thrashed out over two years, despite it being humiliatingly rejected by MPs last month. 

Mrs May is now due to make a statement updating MPs on her progress renegotiating tomorrow, before the latest round of crunch votes are held on Thursday. 

Brexiteer Andrea Leadsom dismissed the prospect of Mrs May adopting Jeremy Corbyn's 'world view', and insisted: 'I'm staying in Cabinet to help the Prime Minister deliver Brexit.'

Asked in an interview with the Press Association if she would resign if the PM adopted Labour's proposals for a customs union with the EU after Brexit, the Commons Leader said: 'I've read the Prime Minister's letter and I don't think she's softening her stance at all.

'I think she's making quite clear that what Corbyn is demanding is actually not as good as what the Prime Minister's deal is offering.

'So he wants a customs union and he is unclear as to whether that means he also wants an independent trade policy. He's unclear as to whether he also wants to stop free movement, and of course the EU's view would be well if you're in the customs union then you have free movement and you abide by the common external tariff.

'I think there's no doubt that what the Prime Minister is offering is better than what Corbyn is demanding, which simply begs the question, if they like it, why don't they vote for it?'

Pressed again on the issue, Mrs Leadsom said there was 'no chance' that Mrs May would adopt Mr Corbyn's 'view of the world'.

'The Prime Minister has been absolutely clear we're leaving the EU, we're leaving the customs union, we're leaving the single market.

'We're taking back control, we won't be paying money over, free movement will end, and we will have our own independent free trade policy so I definitely don't see the Prime Minister agreeing to Corbyn's world view.'

The frontbencher refused to say what the cut-off date would be for the necessary legislation to get through the Commons to allow the UK to leave the EU as planned on March 29.  

 

May's letter to the Labour leader came hours after she was warned she could face a Cabinet walkout if she changes tack to pursue a customs union

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