Published: Wed, April 19, 2017
Business | By Max Garcia

MEP Pabriks: Snap elections in Britain could have opposite effect

MEP Pabriks: Snap elections in Britain could have opposite effect

Now that lawmakers have approved the election, Parliament will be dissolved at midnight on May 2, 25 working days before election day.

Brexit, he said when he hosted May at the White House in late January, is going to be a "wonderful thing". "Drawn-out uncertainty does the political and economic relationship between Europe and Britain no good", said German Foreign Minister Sigmar Gabriel.

"We expect to have the Brexit guidelines adopted by the European Council on 29 April and, following that, the Brexit negotiating directives ready on 22 May", Mr Aamann said.

May is hoping to gain a bigger majority in Parliament for her Conservatives, strengthening her negotiating hand with the EU.

Labour leader Jeremy Corbyn has welcomed Theresa May's decision to call a snap election, saying his party would offer an "effective alternative" to the Tories. The currency fall has helped exporters by making their goods more competitive, but that is a one-off gain that could be more than offset by the impact of European Union tariffs on British goods and additional barriers to trade.

USD/CAD traded at $1.3396, up 0.59%.

Liberal Democrat leader Tim Farron dismissed the PM's claims as "nonsense" and said she only wanted an election to secure an increased majority.

PARKER: Well, the current majority's only 17, which is pretty thin and not only makes life complicated for - in terms of Brexit, but it makes it complicated in terms of a whole load of other domestic reforms that Theresa May would like to carry out.

British Prime Minister Theresa May called a snap general election on June 8 in what was a shock and unexpected announcement from outside 10 Downing Street.

She said that "Brexit isn't just about the letter that says we want to leave".

However, he faces a colossal uphill challenge if MPs back a General Election on 8 June. Corbyn wins only 14 per cent, according to pollster YouGov.

Prime Minister Theresa May has accused her opponents of "political game-playing" and undermining the country in the upcoming talks to exit the European Union.

She later added: "There should be unity here in Westminster - not division".

The Prime Minister does require a mandate if she is to make progress on Brexit, and short of a second European Union referendum, a general election provides the only means she has of clearing opposition to her plans. She says it's about leadership, yet is refusing to defend her record in television debates and it's not hard to see why.

One by one she attacked Labour, the Lib Dems, the SNP and "unelected members of the House of Lords" for challenging her Brexit programme, adding: "If we do not hold a general election now their political game-playing will continue, and the negotiations with the European Union will reach their most hard stage in the run-up to the next scheduled election [in 2020]".

An election was not due until May 2020, and until Tuesday, May had insisted she would not call an early election.

A recent Yougov poll showed Labour at their worst ever level since they began polling, with the party 21 points behind the Conservatives.

A general election win would furnish her premiership with an iron-clad public mandate.

The rumour mill started grinding as the cabinet met to finalise Ms May's plans for an election, which had been weeks in the making.

Such statements are generally reserved for major news, such as resignations and election calls.

May took office in July after predecessor David Cameron stepped down following his failed attempt to get voters to back remaining within the EU. Elections are now set for 2020, just a year after the scheduled completion of Brexit talks.

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