By lauracohn
July 6, 2016

Britain is one step closer to having a second female prime minister. As a new wave of Brexit jitters battered the pound and led the Bank of England to prop up Britain’s banks, Conservative MPs narrowed down the candidates to replace David Cameron from five to three. Two women–Home Secretary Theresa May and Energy Minister Andrea Leadsom–survived the first round of voting, with May winning the most votes.

Meantime, new details emerged about what steps businesses are taking to cope with the aftermath of Brexit. While some companies have been upfront in telling investors they have no “Plan B,” EasyJet CEO Carolyn McCall, (No. 7 on Fortune‘s list of the Most Powerful Women, EMEA) has stood out from the crowd.

The Wall Street Journal reports that before the vote, McCall had written letters she could quickly send off to aviation regulators on the off chance Britain voted to leave. McCall, a vocal supporter of the Remain camp, wants the U.K. to remain part of the EU’s single aviation market.

British airlines are particularly vulnerable to Brexit, since it calls into question their participation in Europe’s open market that has bolstered the industry in recent years. But as with most of the uncertain economic and financial fallout from the historic vote, it is too early to tell if McCall’s push will succeed.

Laura Cohn



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