Theresa May's leadership under pressure as Tory MPs plot to oust her

GBP to EUR daily chart

Garvin said the jobs of only "hundreds" of JPMorgan's 16,000 staff in the United Kingdom would be immediately affected by Brexit, though that could rise to around 4,000 in the years to come depending on the settlement reached between Britain and the EU.

Ahead of a potentially hard Conservative Party conference, Mr Hunt said the Prime Minister's efforts to achieve the best outcome for Britain "will be greatly strengthened if we are united behind her".

ERG leader Jacob Rees-Mogg, who did not attend Tuesday's meeting, told reporters at an event on Wednesday that he wanted May to stay on.

It feels like we've been hearing about Brexit for such a long time now, but the deadline for the deal to be sorted is fast approaching. "Theresa May has enormous virtues, she is a fantastically dutiful prime minister and she has my support - I just want her to change one item of policy".

The pound surged higher on Monday afternoon after conciliatory comments from the EU's chief Brexit negotiator Michel Barnier.

"The treaty is clear, we have two years to reach an agreement before they leave... in March 2019".

European Commission President Jean-Claude Juncker said Wednesday that EU negotiators "stand ready to work day and night to reach a deal". "I know this Prime Minister and she would never recommend a deal inconsistent with what the country voted for".

Even a small rebellion inside her party on a final deal could spell the end of her minority government and throw Britain's exit into chaos.

"Of all the years that I've sat in this chair, this coming year is one of the most hard to give guidance on because there is this uncertainty of the Brexit outcome", Associated British Foods finance director John Bason told Reuters.

It came after Mr Johnson claimed that some elements of the Brexit talks, including the so-called Irish backstop, had wrapped a "suicide vest" around the British constitution with the detonator held in Brussels.

A number of MPs told how they had already submitted letters of no confidence to Sir Graham Brady, chairman of the 1922 Committee, and others discussed plans to follow suit. Under Conservative rules, a leadership election is triggered if 15% of Conservative lawmakers, now 48 of its 315 members of parliament, demand a vote of no confidence.

British eurosceptics want a straightforward free trade agreement with the European Union, but this has raised questions of how to avoid border checks in Ireland.

The BBC said those at the Tuesday night meeting which did not include all the ERG's senior figures had discussed possible scenarios depending on whether May was able to secure a deal with the European Union based on her proposals.

He said the party's annual conference in Birmingham, starting on September 30, could prove a decisive moment as Mrs May is forced to acknowledge the scale of grassroots opposition to her proposals.



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