Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Ministers open door to phased Heathrow third runway plan

      Heathrow Airport terminal bustling with travelers and staff, showcasing modern architecture and international flight activity

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Concern as gambling black market set for £40m Royal Ascot boost

      GettyImages 2282074836 showing a significant event with key figures in a professional setting, highlighting a major develo...

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Mexican Michelin stars arrive in the Square Mile at Ned pop-up

      The Ned Los Felix Mexican restaurant interior with vibrant decor and patrons enjoying authentic Mexican cuisine

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Thursday 14 July 2016 7:33 am

May and the three Brexiteers lead Britain

By: Shruti Tripathi

Add as a preferred source on Google

If there were any doubts that the new Prime Minister really meant it when she said “Brexit means Brexit” they were put to bed last night as she appointed three senior Leave campaigners to oversee the process of the UK's departure from the EU, the forging of new global trade deals and the creation of a new foreign policy.

David Davis becomes Secretary of State for Exiting the European Union and fellow Leave big-wig Liam Fox becomes Secretary of State for International Trade. Completing the Three Brexiteers is Boris Johnson, the UK's new Foreign Secretary. Davis is a pragmatic and formidable operator, who hasn't wasted his stint on the backbenchers. His energy and intellect have been put to good use, restraining the government on its more illiberal urges and, more recently, he has been a thoughtful and passionate advocate for the Brexit cause.

Read more: Theresa May's cabinet reshuffle: Everything you need to know

Fox is a true Atlanticist, with strong connections in Washington and across the Anglosphere. His experience will be valuable as the British state learns afresh how to go out into the world and trade. It may be that he finds himself with an office in what is now the Business Department but which, according to some in Westminster, could be almost entirely recalibrated towards Fox's new brief – a move described by one minister last night as “entirely sensible.”

As for Johnson, there was plenty of sneering from his critics last night but the truth is that he was a relentless and highly effective global salesman for London. He has also been the personification of a Brexit sentiment founded more on a sense of global opportunity than of Ukip-style nostalgia.

Read more: What to expect from chancellor Philip Hammond

We must also spare a thought for George Osborne, who was sacked last night after six years as Chancellor and has been replaced by seasoned bean-counter Philip Hammond. Osborne was, it seems, just too closely associated with the former government's apocalyptic analysis of Brexit. This is despite his impressive turn in New York on Monday, where he pledged – with what appeared to be genuine passion – that the UK would now be more open to the world and more committed to free trade than ever before. This rallying cry will now be overseen by a bold new team, and they've got their work cut out for them.

Let's hope that the new chancellor picks up Osborne's belatedly discovered zeal for a post-Brexit Britain, and runs with it. Confirming his predecessor's commitment to cutting corporation tax to 15 per cent would be a welcome start.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Politics

Related Topics

  • London business

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • As it happened: Stocks sink after Fed and Bank of England opt for hawkish hold; Oil price tumbles

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Baillie Gifford in line for Anthropic windfall just months after £3.6bn SpaceX bonanza

More from CityAM

  • King’s Speech: Ministers ban North Sea oil and gas exploration

    Energy
    North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
  • Starmer prepares for leadership battle as Streeting declares UK must rejoin EU

    Politics
    Keir Starmer delivering a speech on May 11, addressing political issues, in a formal setting with an audience.
  • Labour’s holiday tax ‘will make staycations more expensive’

    Hospitality
    Blackpool skyline at sunset with iconic tower and bustling promenade, highlighting vibrant seaside town atmosphere
  • Streeting attacks Burnham’s pledges as ‘appeal to party at expense of Brits’

    Politics
    Wes Streeting, British politician, delivering a speech at a press conference with a focused expression and engaging the au...
  • Zero-hour crackdown could wipe out seasonal work, Labour warned

    Retail
    Labour MPs are being warned a “perfect storm” of costs facing the retail sector could see seats lost to Reform UK.
  • ‘Politically toxic’ holiday tax could turn voters against Labour, hospitality leaders warn

    Hospitality
    Blackpool skyline at sunset with iconic tower and bustling promenade, highlighting vibrant seaside town atmosphere
  • Starmer agrees investment deal with Japan as EU deal questioned

    Politics
    UK and Japan leaders discuss bilateral trade agreements at a high-level government meeting in London.
  • Cabinet ministers urge Starmer to set path for succession

    Politics
    Prime Minister Keir Starmer speaks at a press conference addressing future leadership rumours, wearing a navy suit and tie.

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies