Theresa May Is Quitting Britain’s Top Job. Business Won’t Like What Comes Next.

The British prime minister, Theresa May, is finally falling on her sword. On Friday morning, she announced her imminent resignation as Conservative Party leader on June 7th.

A leadership contest will formally begin on that date, though in reality it has been underway for weeks already. Tory members of Parliament will need to come up with two names that will then be put to the party’s membership. The favorite to become the next party leader, and therefore the next prime minister, is former...

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