British political and economic risks after Prime Minister Mei resigned

Posted by qianjiu on May 30th, 2019

On May 25th, British Prime Minister Theresa May announced in tears at 10th Downing Street, Prime Minister's Office, that she would resign as prime minister on June 7. This is the decision she made after three failed Brexit efforts. Since the Brexit referendum in June 2016, the British political situation has been turbulent, and former Prime Minister Cameron, who advocated the referendum on the Brexit vote, immediately resigned. Teresa May and former London mayor Boris Johnson competed for the leader and prime minister. In the final stage of the competition, Johnson withdrew from the competition and Mei took over Cameron's hot potato.

Back in the agitation of the referendum on the Brexit in 2015, Johnson strongly advocated Brexit and launched a large-scale and inspiring Brexit campaign throughout the country. At that time, Prime Minister Cameron supported the stay in Europe, and Teresa-Mei also supported the stay in Europe. However, the stay in Europe was too general and there was no expectation that the final result of the vote was to win the Brexit. Cameron, who supported the stay in Europe, continued to stay in the Prime Minister’s Office. Detachment leader Johnson should have cleaned up the aftermath of the referendum, but he chose to retreat at the crucial moment of the campaign.

In this way, Teresa May is on the verge of death, with a violation of her own will to carry out a Brexit vote voted by voters. In order to minimize this contradiction, she proposed a basic Brexit program, which is basically to leave the European Union before the end of March 2019. After the Brexit, it still maintains close contact with the EU, especially to continue to enjoy the zero-tariff economy within the EU. Trade and willing to pay tens of billions of pounds of break-up fees to maintain this preferential condition. Prime Minister’s Brexit plan also maintains border filings between North and South Ireland, allowing bilateral free trade and personnel exchanges between the North and the South, not establishing hard borders, and allowing Northern Ireland’s economic trade to continue to be subject to EU law.

Prime Minister Mei’s "compromise" plan is completely acceptable and understandable to the members of the European Union. However, such a plan has been strongly opposed by Conservative Party members including Johnson, resulting in multiple Cabinet members have resigned in succession to express their dissatisfaction and hostility towards Prime Minister.

In the three-year Brexit programme, the basic content has not changed except for some repairs on the border issue between North and South Ireland. As a result, the opposition of Congress has increased, and the resignation of cabinet members has consistently become the headline news of British newspapers. Three failures not only created a huge shock in the inner world of Prime Minister Mei, but also brought the greatest harm to the stability and stability of British society.

As an opposition party, the Labour Party is willing to seize all the handles of the Conservative Party and make a big fuss about the issue of Brexit. Even if the Labour Party members agree that Mei’s plan also casts a ruthless vote, the purpose is not to let the Brexit plan be good, but to spoil the Conservative Party. Within the Conservative Party, many members of parliament are typical hard-sex elements. They disagree with the Prime Minister’s Brexit plan and hope to leave the EU thoroughly and cleanly.

Prime Minister Mei has no courage to support it, and resignation is the best choice. However, while Prime Minister Mei resigned with tears, more than 60 million British citizens did not know which direction their political and economic future would develop.

During the period after the financial crisis, the United States completely destroyed the international leadership of the European Union. The Brexit has become the largest "black swan" in the history of the European Union. In the past three years, the EU economy has continued to weaken and the UK economy has continued to weaken. In 2015, UK GDP grew by 2.35%, with a 2% increase in 2016, a 1.8% increase in 2017 and a 1.4% increase in 2018. Growth expectations for 2019 are revised down from 1.6% at the beginning of the year to 1.2%. After the crisis, although the UK economy has achieved positive growth for nine consecutive years, the overall strength of the UK has not recovered to 2007 levels. The recovery in recent years has been weak, and the main negative factor is the uncertainty brought about by the Brexit to the economic and social development of the UK. The economic growth is slow, the sterling depreciation exceeds 20%, and the per capita wealth of ordinary people has shrunk by more than 20%.

The resignation of Prime Minister Mei will surely bring a new round of political chaos. The Labor Party wants to force the Conservative Party to hold a national election in advance, taking advantage of Mei’s step-down and the Conservative Party’s huge differences in the Brexit plan, and strive to win the opportunity to regain power. The Conservative Party will of course reject the demands of the Labor Party and try to choose a new party leader from within, and strive to draw a full stop on the issue of Brexit.

Although the UK is still ahead of the world in the field of science and technology education, the UK is losing its competitive edge in the overall economic situation, but many of the so-called elites in Britain are still sleeping in the dreams of the former empire. The UK’s domestic investment is insufficient and the recovery is weak. The government’s fiscal revenue cannot afford the high welfare system established after World War II. The government's amendments to labor laws have weakened the past national welfare levels, causing ordinary people's complaints about the EU, especially the EU's immigration policy, fiscal policy, and labor policy dissatisfaction. Many people think that Brexit is an inevitable choice for recreating Britain's glory. .

Under the domination of nationalism, rather than thinking about problems from the internal mentality and social structural problems in the UK, it has brought opportunities to many speculative politicians, including Johnson and others, and brought the politicians such as Prime Minister Mei to the vortex. . In the next few years, the UK will continue to endure a more chaotic political situation, and a government that lacks leadership and leadership will also bring greater harm to the British economy.

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