After UK Election, The Only ‘Certainty’ In Britain Is Uncertainty

The goal of calling elections, having assured that there would be no election before the schedule one in 2020, after she took over as the party leader previous year, Theresa May had hoped to strengthen her party’s grip on power to be able to successfully negotiate Britain’s exit from the EU.Currently, investors seem to worry that a weakened Conservative prime minister would not have the power to resist calls from some within the party who want a clean divorce from the European Union, even if that means losing privileged access to the European Union single market.It’s unclear what Theresa May’s next move will be, but pundits are suggesting she will likely strike a deal with the Democratic Unionist Party, who now hold 10 seats.Conservatives fell 12 seats short of the 326 seats they needed for a majority, and are down from the 330 seats they had before May called for this early election.German Chancellor Angela Merkel says she doesn’t expect any delays in the start of Brexit talks between the European Union and the United Kingdom despite the outcome of this week’s British election.European Commission chief Jean-Claude Juncker said he hoped there would not be “further delay” in the Brexit talks that “we are desperately waiting for”. “Whatever the results, the Conservative party will remain the party of stability“, she said. President of the European Council Donald Tusk unequivocally tweeted earlier: “We don’t know when Brexit talks start”.Labour party leader Jeremy Corbyn casting his vote at a polling station at Pakeman Primary School in London, England, June 8, 2017.Perhaps the bigger question is how long Prime Minister Theresa May will stay in power. The Labour Party sure looked down and out in recent weeks, but it made a major surge when it actually mattered in Thursday’s election.He said the Conservative election manifesto – which Hill and Timothy were key in drafting – was “a full assault on the core Tory voters, who are senior citizens”.The surprising outcome, which sent the pound tumbling GBP=, forced May to form a minority government, leaving her reliant on a small group of Northern Irish parliamentarians, just nine days before Britain is due to begin negotiating a deal to leave the EU. However, no party received the absolute majority of seats in parliament and the election has resulted in a hung parliament. “We are ready to do everything we can to put our program into operation”, he said.Because it wasn’t just opponents that called for Mrs May to resign – some within her own party, like Anna Soubry, were also very vocal in their criticism.After the election, the right-wing UK Independence Party, which helped drive Brexit, was left with no seats in Parliament. Traders tried to balance their aversion to political uncertainty with the view that a weaker government in London might end up agreeing to a softer, more economically advantageous, Brexit.”I don’t think Theresa May and this government have any credibility”.