JP Morgan signals lack of confidence in Theresa May


JP Morgan the world’s largest investment bank has said on Tuesday it is difficult to see Theresa May will remain prime minister by the end of June.

This is a crushing blow for May that the Bank could be signalling lack of business confidence in the PMs leadership.

JP Morgan said in a message to investors, “Although PM May’s survival skills have been impressive to date, our sense is that the sand is finally running out of the hourglass for her leadership of the Conservatives.

“In our view, it is difficult to see May’s leadership extending beyond the end of June.”