Brexiteer jumps ship

05 July 2016 - 09:58 By Reuters

The leader of the right-wing UK Independence Party, Nigel Farage, said yesterday he was stepping down after realising his ambition to win a vote for Britain to leave the EU, the latest twist in a dramatic reshaping of the nation's politics.The June 23 ''Brexit'' vote to leave the EU has thrown the two main political parties into disarray, with the ruling Conservatives seeking a replacement for Prime Minister David Cameron and Labour Party MPs voting to withdraw confidence in leader Jeremy Corbyn.The government, which failed to convince voters that a Leave vote would wreck the economy, is now racing to reduce the damage. Finance Minister George Osborne has floated the idea of a cut in corporate tax to 15% from 20%. ..

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