The citizens of U.K. Could head to the polls again this summer after Britain’s Prime Minister Theresa May called for a premature general election as Brexit’s tough negotiations settled.
The Prime Minister said in a surprise statement on Tuesday morning that his decision had been made “recently and reluctantly”, but argued that the UK had a “unique opportunity” to form a unified government while the EU Decides its negotiating position on Brexit.
“We need a general election and we need it now,” said Tuesday at the announcement held outside 10 Downing Street. Early elections will take place on 8 June but will require a two-thirds majority by the U.K legislators before being formalized.
May had previously stated that there would be no instant elections after the entry into force shortly after Brexit’s vote last June. The Prime Minister will present a motion to the government on Wednesday to confirm the election.
The division within Westminster is currently threatening to undermine Britain’s chances of getting a good Brexit deal, argued and stated that early elections are the only way to ensure “certainty and stability for years to come.” come”.
“At this moment of enormous national importance, there should be a unit here in Westminster, but there is a division,” said May. “Division at Westminster will risk our ability to succeed Brexit and this will cause uncertainties damaging.”
The upcoming general elections are expected to take place in 2020, when the U.K should finalize its Brexit negotiations. May was not elected by the British public but won a leadership contest of the Conservative party in 2016 after his predecessor David Cameron announced his resignation following the U.K’s vote. To leave the EU.
May has called on the opposition parties to use the vote as a chance to show that they do not “treat politics as a game”. Meanwhile, leaders of key U.K opposition parties took social means shortly after the announcement.
Opposition leader Jeremy Corbyn, himself facing division within his own Labor Party, said the move would give the British public the opportunity to elect an “effective alternative.”
Liberal Democrat leader Tim Farron – who is likely to campaign in the EU’s single market – said the British had the opportunity to “change the direction of our country”.
“If you want to avoid a disastrous Hard Brexit … If you want an open, tolerant and united Britain, this is your chance,” he said in a statement.
A recent YouGov poll suggests, however, that the ruling Conservative party currently manages 44% of public support, while the Labor Party holds 23% and Liberal Democrats are behind with 12%.
Pound rises sharply
The pound fell nearly one cent against the US dollar Tuesday morning before the statement, but quickly rebounded during the May announcement.
It had reached a conference high of around 1,260 against the greenback at 8:00 am London time, but dropped to about 1,252 as traders anticipated the announcement.
The news confirmation then sent the pound to about 1,260 around 11:30 London time.
At noon in London, the currency reached a four-month high on a weighted market basis.