UK Parliament expected to approve snap election

Nick Mcbride
April 19, 2017

Meanwhile, European Union negotiators hope Ms May's snap election can produce a strong Prime Minister with a clear popular mandate to hammer out the terms of Britain's withdrawal from the bloc, an EU official said onTuesday. The British people voted a year ago to leave the European Union.

Around two-thirds of those buyers had previously bought gold before the referendum in June a year ago.

The main opposition Labour Party welcomed May's election call, meaning that it is nearly a foregone conclusion that May will obtain the two thirds support she needs in the House of Commons for the election to be held.

Even the Royal Mint is seeking to cash in.

Away from Brexit, the campaign will give Mrs May a chance to put her own personal stamp on her party through issues such as her flagship programme for more grammar schools for England.

Therefore, she would seek a 2/3 majority in the Commons for a dissolution of parliament (today) and hold the fresh elections that she had steadfastly ruled out as being both unnecessary and a distraction. May was trying to force Britain into a "hard Brexit".

May, who has described herself as "not a showy politician", also said she would not take part in television debates before the election, preferring to talk directly to voters.

Tusk, who is running the negotiations with Britain, said in Brussels that the election was a Brexit plot twist worthy of Alfred Hitchcock - the late film director known as the master of suspense.

Broadcasters have a "moral duty" to stage debates, said the Lib Dem leader, adding: "I expect the broadcasters to do the right thing, don't let the Conservatives call the shots".

Labour, the second-largest party in Parliament, campaigned for Britain to remain in the European Union, but Corbyn said he would respect voters' decision to leave.

Former leader Nigel Farage has been one of the most prominent anti-EU campaigners in recent years, and Ukip's primary objective was to take Britain out of Europe.

Labour leader Jeremy Corbyn has responded by calling the decision "rather strange".

But Scotland's first minister, Nicola Sturgeon, described the decision as a "huge political miscalculation" that could help her efforts to hold a new independence referendum.

She added: "People have a unity of goal".

After all, the Tories could end up being a more hardline Brexit party in the Commons by losing moderate MPs to the Liberal Democrats in the south and winning seats from Labour in Eurosceptic constituencies in the north.

While general elections are rarely decided on foreign policy issues, the campaign will take place against a backdrop of heightened worldwide uncertainty over Syria and North Korea.

Reaction to an announcement as rare as a snap election may also provide cover for more mundane market shifts.

The Prime Minister's decision to make an announcement nine minutes than earlier planned paid off with an initial drop to the pound turning into a complete reversal.

Other reports by VgToday

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