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Theresa May Calls Snap BrExit UK General Election Capitalising on Crippled Labour Party

Politics / UK General Election Apr 18, 2017 - 01:56 PM GMT

By: Nadeem_Walayat

Politics

Theresa May surprises everyone by calling a BrExit snap UK General Election on 8th June 2017. And this really is a surprise to all because previously she has repeatedly stated that she would not be calling an early general election. Instead in a statement today she made clear that her slender majority in the House of Commons was not large enough to secure a strong BrExit outcome for the United Kingdom.


"I have just chaired a meeting of the Cabinet, where we agreed that the Government should call a general election, to be held on June 8.

"Last summer, after the country voted to leave the European Union, Britain needed certainty, stability and strong leadership, and since I became Prime Minister the Government has delivered precisely that.

"Britain is leaving the European Union and there can be no turning back. And as we look to the future, the Government has the right plan for negotiating our new relationship with Europe.

"At this moment of enormous national significance there should be unity here in Westminster, but instead there is division.

"The country is coming together, but Westminster is not.

"In recent weeks Labour has threatened to vote against the deal we reach with the European Union.

"The Liberal Democrats have said they want to grind the business of government to a standstill.

"The Scottish National Party say they will vote against the legislation that formally repeals Britain's membership of the European Union.

"And unelected members of the House of Lords have vowed to fight us every step of the way.

"Our opponents believe that because the Government's majority is so small, our resolve will weaken and that they can force us to change course.

"They are wrong.

"They under-estimate our determination to get the job done and I am not prepared to let them endanger the security of millions of working people across the country.

"It was with reluctance that I decided the country needs this election, but it is with strong conviction that I say it is necessary to secure the strong and stable leadership the country needs to see us through Brexit and beyond.

"So, tomorrow, let the House of Commons vote for an election, let everybody put forward their proposals for Brexit and their programmes for Government, and let us remove the risk of uncertainty and instability and continue to give the country the strong and stable leadership it demands."

Clearly Theresa May has calculated that this is the most opportune moment to take advantage from a crippled Labour Party that is still immersed within its own civil war and has lost over 40 MP's to the SNP in Scotland. Then there is the UKIP who are literally imploding, without purpose following the the Triggering of Article 50. All of which is manifesting in an landslide generating poll lead of 20% over Labour

The blueprint for this election appears to be that of Margaret Thatchers Falklands War election that also had a Labour party that was crippled with an unelectable leader that went on to won Margaret Thatcher a huge majority.

So at this very early stage, probability strongly favours a Conservative strong election victory on June 8th, where over the coming weeks I will attempt to determine how large a majority Theresa May will be returned to office with so as to best implement BrExit.

Personally just when I thought I could get back to analysis of the financial markets , up pops a snap UK general election! The past year has been politics, politics, and now even MORE politics! I am sure like most people I am getting really sick of politics! Which is the only fly in the ointment that the people of Britain are sick to death of elections as 1/3rd of England goes to vote in the May local elections and then again a few weeks later in an general election.

The Brexit War

My following in-depth analysis and accompanying forthcoming series of videos seek to explain what Britain needs to do to win the BrExit War that the UK is engaged in with the European Union.

Ensure you are subscribed to my always free newsletter for my latest analysis and to our youtube channel for videos in the BrExit War series.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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