May Retaliates After Bruising EU Summit as Pound Plunges
- Prime minister says she won’t overturn Brexit referendum
- EU countries say their companies would be hurt by U.K. plan
Source: Bloomberg
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British Prime Minister Theresa May struck back at the European Union for bluntly dismissing her Brexit plan with a speech designed to shore up her increasingly precarious position at home.
May told EU leaders that she wouldn’t back down and demanded they show “respect” to her country during talks. Rather than giving her a boost, a summit of EU leaders failed to mark any progress, particularly on the sticky issue of what do to about the Irish border. Instead, it led to humiliating newspaper headlines in Britain on Friday as May was told to come up with fresh ideas.