LONDON (S&P Global Ratings) May 24, 2019--The resignation of British Prime Minister Theresa May earlier today could lead to a harder stance on Brexit, in our view. Mrs. May has announced she will step down on June 7, paving the way for a leadership contest. Her successor is expected to take office by the end of July. The new prime minister will face the same challenge as Mrs. May to find majority support for a deal in the face of a divided party and parliament. At the same time, the EU is unlikely to renegotiate the terms of the U.K.'s withdrawal already agreed with Prime Minister May. In our opinion, Mrs. May's successor will likely take a harder stance on
