May urges leadership contenders to seek Brexit consensus

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UK minister warns of Brexit 'suicide' as race to replace PM May hots up

Other Conservative contenders say the success of the Brexit Party led by veteran euroskeptic Nigel Farage shows that Britain must leave the European Union at any cost.

The prime minister is remaining in post until the Tory party elects a new leader in July and was in Brussels to take part in discussions over replacements for Juncker and Donald Tusk, the president of the European council. "I think the best way of doing that is with a deal but it will be for my successor and for Parliament to find a way forward to get a consensus and I hope that those election results will focus Parliament on the need to deliver Brexit".

Numerous ten candidates vying to succeed May as Prime Minister - including Boris Johnson, Esther McVey and Andrea Leadsom - have indicated they would be willing take the United Kingdom out of the European Union without a deal when the current Article 50 extension ends on October 31.

The deadline the European Union has set for Brexit is October 31.

Housing Minister Kit Malthouse is the latest contender to enter the leadership race.

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"If you go to [the EU] with the right tone, with a deal that recognises their legitimate concerns over the border of Ireland, if you go with a negotiating team that gives them the confidence you can deliver with a majority in the House of Commons, you have the prospect - I don't say the guarantee - but you have the prospect of getting a deal", he said.

The Foreign Secretary, who is among 10 MPs vying to be the next prime minister, said a failure to solve Brexit could ruin the end of the Conservatives and warned the "biggest risk" to delivering on the referendum was a general election.

UK Prime Minister Theresa May's resignation and the leadership race that will begin is sure to dominate at the top and center of each political headline, but the problem that the British Pound faces is that if whoever succeeds to become the next Prime Minister does chase a no-deal Brexit, the Pound should sink below 1.25.

Meanwhile, Mr Malthouse, who brought together Tory Leavers and Remainers behind a compromise Brexit plan earlier this year, said he had a "good number" of MPs backing his bid.

Many Conservative lawmakers oppose a no-deal exit, which businesses say would be catastrophic, while party activists are widely seen as more willing to support leaving with no agreement.

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"We should try and sort this out with the existing parliament", he said.

"Given the range of places on which the party grew, some of which are right-wing Conservative and some which are traditionally left-wing at general election, it seems they are likely to face the same problem that UKIP did in 2014 going on 2015".

"We've got to find a way to unite the Conservative Party to deliver a Brexit plan so we can move onto a really compelling, attractive domestic agenda that might command victory at a general election", Mr Malthouse told the Press Association.

'One of the reasons that I'm running is that I'm the only person who has actually done that'. "They will emphatically not get us out of it". Tory hopefuls Boris Johnson, Andrea Leadsom, Dominic Raab, and Esther McVey are campaigning on a more uncompromising ticket.

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