PM rejects calls for election over Brexit

By Tom Rayner, political correspondent, and Tom Gillespie, news reporter
Theresa May has rejected Labour's demands for an early general election, saying a snap vote "would not be in the national interest".
Mrs May was speaking to reporters on a flight to New York ahead of the 73rd United Nations General Assembly on Tuesday.The Labour leader Jeremy Corbyn believes a general election would be the best way to resolve the political crisis enveloping the Brexit negotiations, after EU leaders rejected the prime minister's Chequers plan in Salzburg last week.Senior Conservative Brexiteers are piling pressure on her to ditch the proposal in favour of a Canada-style deal, as advised by the Institute for Economic Affairs (IEA).

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Mrs May said on Tuesday: "What I'm doing is working to deliver a good deal with Europe in the national interest, it would not be in the national interest to have a general election."Downing Street aides were weighing up the possibility of calling a snap election after the Chequers plan was snubbed, according to The Sunday Times.The Brexit Secretary Dominic Raab said the idea was "for the birds" and was "not going to happen".The prime minister will attempt to reassure business leaders on Wednesday that the UK services industry and London's role as a financial centre will stay "the envy of the world" after Brexit.Mrs May is expected to tell the Bloomberg Global Business Forum in New York that "post-Brexit Britain will be an unequivocally pro-business Britain".
What could happen under the Chequers proposal
She will go on to say she has a plan for an economy that is "knowledge-rich, highly-innovative, highly-skilled and high quality but with low tax and smart regulation".The prime minister is expected to say: "Whatever your business, investing in a post-Brexit Britain will give you the lowest rate of corporation tax in the G20."You will access service industries and a financial centre in London that are the envy of the world, the best universities, strong institutions, a sound approach to public finance and a consistent and dependable approach to high standards but intelligent regulation."
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