In what has been called "an absolute bombshell", U.K. Brexit Secretary David Davis resigned from Theresa May’s government late Sunday, one week before the UK is scheduled to present its demands to Brussels.
Davis resignation comes two days after May received backing from her cabinet for a new "soft Brexit" plan which envisioned maintaining close ties with the EU after the UK's departure from the block, news which was cheered the UK business lobby and which had set cable on an upward trajectory in early Asia trading, before the news hit which halted the pound's ascent.
The cabinet signed up to the proposals, which were hammered out at Chequers - the country house of the UK Prime Minister - last week. May is due to unveil the plans tomorrow in parliament, before a potentially stormy meeting with her own MPs.
Davis had disagreed with May’s plans for keeping EU rules for goods and adopting a close customs model with the bloc, and his resignation threatens more political turmoil, this time in the UK, as moderates are set off against hard brexiteers.
However, some pro-Brexit Tories are angry about the plan, with speculation that it could end up in a leadership challenge.
As Sky News adds, some pro-Brexit Tories are angry about the plan and there is speculation it could end up in a leadership challenge. Sky's political correspondent Lewis Goodall called the resignation of Mr Davis "an absolute bombshell".
He said: "To resign tonight after the emergency meeting at Chequers on Friday is really quite shocking when you consider, apparently according to the briefing we received, that every single member of the cabinet - admittedly some with their reservations - all agreed that they would support the prime minister's proposals and they would defend them in public.
"The big question now is, is David Davis going to be joined by any other figures? All eyes of course will be on Boris Johnson and other Brexiteers."
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