Daily Memo: Theresa May Running out of Time, North Korea Drama, Russo-Japanese Peace

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GPF Staff |November 16, 2018

The clock is ticking for Theresa May. British media is abuzz with rumors that the prime minister’s pro-Brexit Tory critics will soon garner enough support to call a vote of no-confidence on her leadership of the party. They need the backing of 48 Tory lawmakers to trigger the vote, but they’ll need an additional 111 to win it. Whatever the outcome, the U.K. will be left with few options in the four months until it officially leaves the European Union. If May were to lose, replacing her could waste valuable time the Tories don’t have (there is no obvious successor among Tory Brexiteers). A different prime minister from the Brexiteer faction could threaten the EU with a no-deal Brexit withdrawal, but that would be political suicide. (Downing Street’s own estimates say a no-deal Brexit could cost the country as much as 7.7 percent gross domestic product growth.) If an agreement can’t be reached, London would request an extension of Article 50, buying more time to negotiate, and

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