U.K. Conservatives Pick Their Next Prime Minister
The U.K.’s ruling Conservative Party takes the next step toward selecting the nation’s new prime minister on Tuesday after the leadership candidates outlined different ways to manage withdrawal from the European Union. All 330 Tory members of parliament will be balloted on the five contenders vying to succeed David Cameron, with the one receiving the fewest votes dropping out of the race when the results are announced at about 7 p.m. in London. While Home Secretary Theresa May has secured the most public endorsements from colleagues and is the bookmakers’ favorite, Energy Minister Andrea Leadsomon Monday topped one survey of party members and won the backing of former London Mayor Boris Johnson. Grassroots Conservatives will pick the leader once the field has been whittled down to two. Bloomberg's Simon Kennedy reports and BNP Paribas Global Head of Equity Strategy discusses with Bloomberg's Francine Lacqua on "The Pulse."