New PM May wields cabinet axe to prepare for Brexit

By Kate Holton and Costas Pitas LONDON (Reuters) - New Prime Minister Theresa May showed a ruthless streak on Thursday in building a cabinet to lead Britain's exit from the European Union, while her chancellor of exchequer said he would do whatever was necessary to restore confidence in the economy. The Bank of England kept interest rates unchanged, wrong-footing many investors who had expected the first cut in more than seven years. A day after replacing David Cameron, May moved to impose her a