Theresa May Have Won Herself a Little More Time

Giving a “stonking” performance, Theresa May won a stay of execution from her Conservative Party on Monday, winning support from disillusioned lawmakers after losing a parliamentary majority at last week’s national election.

The prime minister was described as “contrite” at a meeting of Conservative members called the 1922 Committee, apologising to those politicians who lost their seats in an election she did not need to hold and promising to clear up “the mess” she made on Thursday by working more widely with her party.

For some who attended, it was a performance strong enough to convince doubters over her future.

Her foreign minister, Boris Johnson, described it on Twitter as a: “Stonking performance by the PM at 1922. One team going forward together for the UK.”


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam