Economy

Economic Commentary

Economic Calendar

Global Economies

Global Economic Calendar

May Names New Brexit Chief

A spokesperson for British Prime Minister Theresa May says she has named a new Brexit secretary.

May appointed Stephen Barclay, a junior health minister who voted to leave the European Union in a 2016 referendum, as her new Brexit Secretary on Friday.

Number 10 Downing Street said that May herself would personally oversee the last 10 days of negotiations with the E.U. on the future framework, and that Barclay would focus on the domestic preparedness for Brexit and getting May's draft withdrawal agreement through parliament.

Barclay replaced Dominic Raab who quit as Brexit minister on Thursday over May's draft plan for leaving the E.U.

Former Interior Minister Amber Rudd was appointed as work and pensions minister, replacing Esther McVey who also resigned over May's Brexit deal.