Skip to content
Tuesday 11 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,844.19
-0.17%
DAX
26,391.42
+0.26%
CAC 40
8,714.94
-0.13%
STOXX 50
6,551.22
+0.24%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Thursday 02 August 2018 11:14 am  |  Updated:  Friday 24 May 2019 7:49 pm

May’s leadership nightmare isn’t over and now the EU’s offer to extend Brexit talks could herald another election

By: Catherine Neilan

Add as a preferred source on Google

Theresa May heads to the fortress-turned-holiday retreat enjoyed by French Presidents this Friday at the invitation of Emmanuel Macron. Though the PM might hope for a little Mediterranean respite after the past few bruising months, she will be expecting a robust exchange with a smooth operator who has become a serious thorn in her side.

Because it is not just the European Commission who is fighting her Brexit plans every step of the way. France has been the UK’s biggest adversary since the referendum result was revealed, and despite warm words said in public, there has been no discernible shift in policy over the last two years.

Increasingly European leaders are said to back an extension to Article 50, amid fears the gap between the two sides will not close in time to reach a deal.

Read more: First stop, Swansea – May embarks on UK tour to galvanise Brexit support

But Morning Wire has learned there is a new caveat attached: the date of the UK's formal departure can and will be pushed back if there is a particular reason – what one source calls “a significant change” – understood to mean a general  election and the arrival of a new PM.

This has been proposed by “serious people” on the EU27 side according to Whitehall sources. It is not thought to have been floated as a Grexit-style play to destabilise the UK and shift the balance of power in talks further from Westminster – although that is a likely outcome. But there is a recognition from the European capitals that May is still weak and could be weakened further if her ambitious summer of love approach to get member states onside fails.

Back home, thoughts of a coup are never far from the minds of pretenders to the crown, with Jeremy Hunt and Sajid Javid seen as on manoeuvres to build support ahead of what sources refer to as a “beauty parade” at the Conservative Party conference in the autumn.

Boris Johnson may be out of favour with business after his rude dismissal of industry shortly before he resigned, but as a poll showed yesterday, he’s top of the pops among party members – and their votes matter.

The pro-Brexit European Research Group has so far kept its powder dry on demanding a leadership challenge, preferring to shepherd May into positions broadly of their liking. These MPs are also pathologically opposed to any delay in leaving the EU.

But if the hated Chequers plan remains in place, while Johnson’s popularity surges as Jeremy Corbyn's wanes, they may suddenly find themselves in rare agreement with Macron and co.

Read more: Sterling drops against the dollar after Article 50 trigger date confirmed

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Trending Articles

  • Energy discount scheme for homes near new pylons branded ‘bribe’ by Reform

  • Inside Formula 1’s £10,000 hospitality ticket on the back of a moving lorry

  • London Stock Exchange boss: We should know which companies our pensions are backing

  • WP Engine Opens Smart Search AI to the WordPress Ecosystem

  • Options Unveils H1 2026 AtlasFeed and Raw Market Data Feed Expansion

More from Morning Wire

  • Maureen Mahr von Staszewski Joins Heitman European Leadership Team

    Business Wire
  • Tale of two cities: London leaps ahead in global finance but domestic growth stalls

    Economics
    Getty Images number 2154617464 depicts a relevant scene for the articles unidentified content, suitable for business context.
  • Singapore on Thames or the Sick Man of Europe?: The Economics of Brexit Ten Years from the Referendum 

    Opinion
    UK-EU Brexit negotiations meeting with officials discussing trade agreements and policy impacts in a formal conference room
  • Brits wary of EU summer hols as officials refuse to ease new border checks

    Transport & Infrastructure
    Airport delays in Spain
  • Here’s the right way to criticise the media

    Opinion
    Elon Musk and a woman in blue blazer seated with microphones, golden car in background
  • Ebru Koksal: ‘Women tend to ask difficult questions, and that’s not always liked’

    Sport Business
    A woman in a polka dot dress speaks into a microphone at a business event, a man in a suit beside her.
  • Revolut lands fresh banking licence after wrestling with Europe friction

    Fintech
    Revolut Banque Française ad on a Morris column in Paris, with the July Column and blurred traffic in the background.
  • Fastmail Launches EU-Hosted Email Infrastructure, Giving Customers Control Over Where Their Data Lives

    Business Wire
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook