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May heads for crunch meeting with party lawmakers

The outcome of last week's vote has also thrown into doubt what Britain would seek from Brexit talks with the European Union, complex negotiations which will have profound implications for the world's fifth largest economy. Despite anger at the election, she was cheered briefly at the start of the meeting.

According to the Guardian, a senior MP at the meeting of the party's 1922 Committee described the Prime Minister as "contrite and genuine but not on her knees" as she repeatedly apologised for the snap election result that cost her party its majority.

However other senior Tories - including Graham Brady, the influential chairman of the '22 - predicted MPs would rally round, insisting there was no mood in the party for a damaging leadership contest which could see them plunged into a fresh general election.

"The period of continuous Tory rule since 2010 has been a constant source of instability for the political process".

Those now in the process of buying or selling a home may wish to pause for several weeks until the country's future is more certain; at this moment in time it is hard to tell which party will be taking the country forward.

MPs agreed that they and their constituents did not want another General Election and were united in the aim of stopping Jeremy Corbyn becoming prime minister. May's plans for sweeping reforms to education including new grammar schools could be boiled down to a few pilots, they said.

"When the facts change, I'll change my mind", said Keith Skeoch, chief executive of Scottish insurer and asset manager Standard Life, borrowing a quote from economist John Maynard Keynes.

"I got us into this mess so I'm going to get us out of it".

DUP leader Arlene Foster signalled that the party was likely to stay away negotiating on controversial issues when she meets with May on Tuesday.

"She was very concerned about people who have lost their seats".




How has the election panned out for the four main parties? A government relations official at another bank said the financial industry will still make a renewed attempt to lobby the government to secure more access to the single market, a staggered exit from the European Union and more relaxed immigration controls.

The EU has said that Brexit talks need to make sufficient progress before trade deals can be discussed, though Britain had argued the discussions should take place simultaneously.

The premier had planned a clean break from the European Union, but some Conservatives and opponents hope that the election shock will lead to a "softer" Brexit - one which prioritises close trade links over controlling immigration.

Green cited the ongoing negotiations with the DUP when he was asked if next Monday's speech had been delayed.

"It may not be on the Monday because we've also got the Queen's Speech that week and I will have to speak in that and so on".

The Sinn Féin president, Gerry Adams, and the SDLP leader, Colum Eastwood, said that the reappointed Secretary of State for Northern Ireland, James Brokenshire, should not chair the talks because the prospective Conservative-DUP link-up meant he could not be impartial, which would go against the terms of the Belfast Agreement.

The two parties are still trying to thrash out a pact and next week's proposed Queen's Speech has reportedly been delayed in order to give them more time to do this.

Britain's descent into political crisis just days before the Brexit talks begin has sapped confidence amongst business leaders and infuriated bosses who were already grappling with the fallout from the vote to leave the EU.

With the new government set to present its legislative programme to parliament on June 19, the clock is ticking on efforts to bolster the Conservatives' position.

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