Queen's Speech 'could be delayed'

Gerry Adams said that Sinn Féin would not take up its seats in WestminsterNIALL CARSON  PA

Gerry Adams said that Sinn Féin would not take up its seats in WestminsterNIALL CARSON PA

"What I'm feeling is that actually there is a job to be done and I think what the public want is to ensure that the government is getting on with that job", May said.

The prime minister took full responsibility for the failure of her gamble on an early election and promised to make amends.

The Prime Minister is facing a meeting of the backbench 1922 Committee later on Monday. Traditionally written on vellum, the Queen's Speech is now written on parchment paper in ink, which takes several days to dry, before it is bound into a booklet and signed by the queen - meaning its contents need to be finalized days before the speech is delivered.

May however has vowed to stay on, and on Sunday unveiled a largely unchanged new cabinet, which will meet for the first time on Monday.

"There is still heightened uncertainty surrounding issues, including how the (British government's) stance toward Brexit talks might change", said Shinichiro Kadota, senior FX strategist for Barclays in Tokyo.

Mr Johnson's eight-point message said Tory MPs must "stop the narrative" that Labour leader Jeremy Corbyn "somehow won this thing", noting he "barely did better" than Gordon Brown in 2010, ITV News reported.

May failed to win a majority last week, sparking calls for her plan to leave the EU's single market to be watered down.

Britons sign petition against Tory-DUP coalition, urging May to resign
But I think the Conservative Party thought actually, the alternatives to Theresa May staying in place were even worse. He urged May to "go and make way for a government that is truly representative of this country".

Her spokesman insisted her position on Brexit remained unchanged but Scottish Conservatives were pushing for her to move the focus onto economic growth and away from immigration, sources in the Scottish branch of the party said.

David Davis, the government's Brexit minister, said Monday that the government would likely have to "prune" some of its more unpopular manifesto policies. He added, "Of course we are going to reach out [to the Labour right], ever since I became leader I had reached out".

"We are ready to undertake negotiations on behalf of this country, to protect jobs and have a sensible free trade arrangement with Europe", he said.

Another minister said pro-European Tories would be emboldened to make the case for a softer deal with the European Union that prioritises the interests of businesses.

Britain's Prime Minister Theresa May addresses the country as her husband looks on after Britain's election at Downing Street in London, Britain June 9, 2017.

British Prime Minister Theresa May confirmed Friday afternoon she will form a Westminster government, helped by members of Northern Ireland's Democratic Unionist Party (DUP). Britain's embattled leader hopes to hammer out a deal with the DUP's leader Arlene Foster today to keep her Conservative Party in government.

"He couldn't get to 326 so it is quite right that the Prime Minister, who is very almost there at 318, does sit down with a party with whom we do have many things in common, particularly resolving Brexit, and see if she can find a way forward", he said.

EU hints that Brexit talks may not start on time
Two of the Prime Minister's closest advisers who were responsible for devising her disastrous electoral campaign were asked to leave.

Davis, who said that some policies in the government's programme would now be pruned back, was one of a number of senior Conservatives to publicly pledge loyalty to May.

"She apologised for colleagues losing their seat, for making the call about the early election".

However, George Osborne, a former finance minister who is now editor of London's Evening Standard newspaper and a vocal critic of May, said she appeared a "dead woman walking".

As the Conservative Party digested the loss of its majority in last week's election, government officials suggested both the announcement of the prime minister's agenda, known as the Queen's Speech, and talks over Britain's divorce from the European Union could be postponed.

"It is hard to overstate what a dramatic impact the current political uncertainty is having on business leaders, and the consequences could - if not addressed immediately - be disastrous for the United Kingdom economy", said Stephen Martin, the director-general of the IoD.

The dollar index had risen to as high as 97.500 on Friday, its strongest level since May 30, and up from its June 7 trough of 96.511, which was its lowest level in almost seven months.

Commodities: Crude veers heavily lower as Libya output surges
Despite the hike in refining, gasoline stocks fell 2.9 million bbl, more than double expectations for a 1.1 million bbl drop. But this seems to fail miserably to have a change in demand for the product leading to decrease in oil prices.

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