The end of Theresa May’s premiership will usher in an even more turbulent phase of Britain’s exit from the EU as any new leader is likely to seek to strike a tougher divorce deal
LONDON - The end of Theresa May’s premiership will usher in an even more turbulent phase of Britain’s exit from the European Union as any new leader is likely to seek to strike a tougher divorce deal, and there could be an election within months.
Opposition Labour Party leader Jeremy Corbyn wants to implement a range of classic socialist policies. He voted against EU membership in 1975, gave only reluctant backing to the 2016 campaign to remain in the EU, and has signaled only lukewarm backing for another referendum.Whoever succeeds May as Conservative Party leader will almost certainly have to demand a tougher Brexit deal from Brussels - yet the EU has repeatedly said it will not rework the Withdrawal Treaty.
The political and social impact is unclear but, judging by past behavior, financial markets would be spooked and sterling would fall. Britain’s next national election is not due until 2022, but there are two ways a vote can be called sooner:- A motion of no confidence in the government is passed by a simple majority of lawmakers, and no party succeeds in winning the confidence of the House of Commons within 14 days.
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