New UK election only alternative to deal with DUP

Aaron Brown
June 12, 2017

British Prime Minister Theresa May faced pressure to resign on Friday after one of the most dramatic reversals in recent British political history, as a shock election result saw her lose her parliamentary majority in an election she had been predicated to easily win.

It may well be able to form a minority government in the coming days and weeks, but the prime minister's ability to cling to the keys of Number 10 Downing Street is very much in doubt, and her stated goal of unifying the country behind her ahead of the upcoming Brexit negotiations with European Union leaders is utterly out of reach. With a hung parliament, this will mean that she will nearly certainly need the support of Northern Ireland's Democratic Unionist Party. The Tories ended up with 318 seats, eight short of the 326 needed for a majority.

"I am delighted to see Labour do so well", Sanders told The Washington Post Thursday in an email.

"The country needs a period of stability, and whatever the results are the Conservative Party will ensure we fulfill our duty in ensuring that stability", she said.

Lord Sugar, formerly a Labour peer until he quit the party in 2015, has admitted being surprised by the party's strong performance in the general election.

"Other personnel issues are for other days", she said.

If the exit poll is correct, Labour, led by veteran socialist Jeremy Corbyn, could attempt to form a government with those smaller parties, which strongly oppose most of May's policies on domestic issues such as public spending cuts.

"The FTSE was up.as sterling fell after the Conservatives lost their majority in the Commons", said Russ Mould, investment director at stockbroker AJ Bell.

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Oettinger said that "time for Brexit negotiations is getting tight" and added that "they must be closed in October 2018" to allow for the complicated approval process in the member states to run its course ahead of the official two-year deadline.

In Scotland, the Scottish National Party dropped a number of seats, as the Conservative Party made some rare gains. A big loss could complicate the SNP's plans to push for a new referendum on Scottish independence as Britain prepares to leave the EU.

The pound GBPUSD, -1.9989% slid to a seven-week low at $1.2695 after the first polls showed the prime minister's gambled had failed.

Ed Balls, a former Labour Treasury chief, said it would hurt May's negotiating position with Europe.

" It is very early to tell but it indicates that Jeremy Corbyn strategy- which is to mobilize his base, to inspire young people, to inspire people who haven't voted before- seems to have done the trick", Tim Bale, Professor of Politics at Queen Mary University of London, tells TIME. "As a result, it will now be hard for the government - whatever shape that government will be - to start talking to the European Union in nine days time as planned without rethinking its strategy".

The election had been classified as a "Brexit election" and the result is being seen as giving hope to the 48 per cent who had voted to remain in the European Union in the June 2016 referendum and a rejection of Mays so-called "hard Brexit" stance.

Britain's top political leader, Theresa May, remains in office as prime minister. "Instead of strong and stable leadership we witness chaos and uncertainty", he said, mocking May's campaign slogan. Two weeks earlier, a suicide bomber killed 22 people as they were leaving an Ariana Grande concert in Manchester. As the polls suggested a tightening race, pollsters spoke less often of a landslide and raised the possibility that May's majority would be eroded.

The DUP itself said only that it would enter talks and it was not immediately clear what its demands might be. Police numbers across the United Kingdom were cut by 20,000 under May's watch as Home Secretary.

Other reports by Free-Prsite

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