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Boris Johnson denies plot to topple UK PM Theresa May

Reports surfaced Saturday that May was nearing a final deal to form a government with the help Democratic Unionist Party, a socially conservative, primarily Protestant bloc based in Northern Ireland. "There's a whole range of issues like that where we think there'll be a majority in parliament".

May lost her two closest aides on Saturday as she struggled to reassert her leadership after a crushing election setback.

As rumours swirled about plots to oust May, Johnson denied he was planning a leadership challenge.

British Prime Minister Theresa May reached an "outline agreement" with the ultra-conservative Democratic Unionist Party in order to be able to govern after a humiliating election that has left her authority in tatters.

Johnson tweeted that an article in the Mail on Sunday newspaper headlined "Boris set to launch bid to be PM as May clings on" was "tripe".

McDonnell said it was ultimately "for Jeremy to decide" whether changes would be made to the shadow cabinet but added: "It's a winning team I think we should hold together, but there are a number of vacancies that'll be coming up nearly certainly in addition to that there's other roles people can play". Gavin Barwell was named new chief of staff.

The change was unlikely to significantly quell unrest within the party. The new membership applications have brought total membership numbers to 800,000.

That statement directly contradicted an earlier release from Number 10 on Saturday evening, which claimed a deal had been agreed on a confidence and supply basis.

A confidence-and-supply arrangement means the DUP would support May's government in exchange for concessions on some issues rather than forming a formal governing coalition that controls a majority in Parliament.

The British government doesn't have long to ink a deal.

"This is a disgusting, desperate attempt to stay in power", the petition said, citing some of the DUP's views, including opposition to gay marriage and abortion.

Her party is deeply divided over what it wants from Brexit. The election result means businesses still have no idea what trading rules they can expect in the coming years.

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Safe-haven gold and US Treasuries drifted lower and futures markets pointed to Wall Street opening modestly higher. There was much less drama elsewhere, as the Japanese yen gave up early gains and eased to 110.38 per dollar.

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The pound on Friday fell 1.7 per cent against the US dollar and 1.4 per cent against the euro.

"The talks so far have been positive". She confirmed this to German leader Angela Merkel in a phone call on Saturday.

Britain's largely pro-Conservative press questioned whether May could remain in power.

Meanwhile, Labour leader Jeremy Corbyn, fresh from his party's strong showing, continues to put pressure on the weakened Conservatives.

"She's staying, for now", one Conservative Party source told Reuters. Former Conservative cabinet minister Owen Paterson, asked about her future, said: "Let's see how it pans out".

"The Conservatives have not yet broken the British system of democracy, but through their hubris and incompetence they have managed to make a mockery of it", it said in an editorial.

"I can still be prime minister".

Davidson was one of the few Conservative success stories in the election as the Scottish wing of the party won 13 seats.

Speaking on Marr, Sir Michael said the government wanted maximum access to the European Union single market and an "arrangement on immigration".

A deal between the government and the DUP could also unsettle the precarious balance between Northern Ireland's British loyalist and Irish nationalist parties, whose power-sharing administration in Belfast collapsed earlier this year.

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Boris Johnson denies plot to topple UK PM Theresa May