The United Kingdom’s impending divorce from the European Union took a turn for the worse Thursday, when at least six cabinet members quit Prime Minister Theresa May’s government over her “soft” Brexit proposal.
The most significant departure was Brexit Minister Dominic Raab who abruptly quit after saying the deal had “significant and fatal flaws” regarding the UK’s trade policy, immigration, and the border with Ireland.
“Their departure, and the resignations of two junior ministers, shakes May’s divided government. Raab is the second Brexit secretary to quit over May’s plans to leave the European Union, the biggest shift in British policy in more than 40 years,” writes Reuters.
The resulting political chaos and uncertainty has caused the British Pound to plummet against the Euro and other currencies; dropping to $1.27 per Pound Sterling.