Britain is preparing to change the prime minister, "The end of the drama" finall

Posted by qianjiu on June 10th, 2019

Teresa May resigned. From the 7th, she is no longer the leader of the Conservative Party of the British ruling party.

Since she took office in July 2016, letting Britain "Brexit" has always been a burden on her. In the past three years of persistence and hard work, in exchange for the parliament's three vetoes on the "Brexit" agreement, Teresa May cried and gave way to the "energy".

The Conservative Party’s new leader election process will start on the 10th, and the winner is expected to be born at the end of July, replacing Teresa May as the British Prime Minister.

May be him

Currently, 11 people have confirmed their candidacy. Among them, former British Foreign Secretary Boris Johnson is the most popular. In July last year, he resigned as a foreign minister because of Teresa May’s “Brexit” policy was too “soft” and the EU was not completely broken.

On the 3rd of this month, Johnson issued a campaign declaration saying that if he is the prime minister, the deadline for the "Brexit" on October 31, regardless of whether there is an agreement with the EU, the UK will withdraw from the EU.

Previously, the British government has always avoided the "no agreement to leave the EU" situation. The British economic community has warned that if the United Kingdom "Brexit" without an agreement with the EU, it will return the British-European trade relationship to the WTO framework, and all incoming and outgoing goods will face procedures such as verification and taxation. Serious damage to the British economy.

At present, Johnson has continuously expanded his advantage in the competition of the Conservative Party leaders and has received public support from 40 members of the House of Commons. Some members have described him as a "victor who has stood the test" and has the ability to "inspire and reinvigorate the Conservative Party."

Analysts believe that Johnson's prestige in the Conservative Party is quite high compared to other candidates. Once he can get the support of the lower house of parliament and enter the final party voting stage, then he is elected as the new leader of the Conservative Party. The chances of taking over as prime minister will be very large.

Can you "hard off"?

In addition to Johnson, among the many candidates who are currently competing for the leadership of the Conservative Party, the "Brexit" has obvious advantages. Former "Brexit" Minister Dominique Rab said that with or without agreement, the UK must show "unwavering determination to leave the European Union"; former British House of Commons leader Lid Som said that it will support when necessary "No agreement to leave the EU."

Some analysts pointed out that if the "Brokesian" candidate represented by Johnson is on stage, he may push the UK to "Brexit" at any cost. The European Commission President Juncker said that the EU will not renegotiate the "Brexit" agreement that has been reached with the United Kingdom. Given the “hard-hitting” attitude of the two sides, the new agreement may be difficult to achieve, and the possibility of “no agreement to leave the EU” is rising.

Despite this, it is not an easy task for the "Brexit" to achieve "no agreement to leave the EU" and will face multiple obstacles.

The first is the opposition from the Conservative Party. Many high-ranking party members in the Conservative Party have expressed their views and opposed "no agreement to leave the EU." Chancellor of the Exchequer Hammond warned that a prime minister who implements the "no agreement to leave the EU" policy will have difficulty maintaining the confidence of the lower house of parliament.

Second is the opposition from the British economic community. In an open letter, the Confederation of British Industry said that the next prime minister must seek to reach a "Brexit" agreement to avoid "de-Europe" from causing serious damage to enterprises. The agency said that most companies are unable to prepare for "no agreement to leave the EU", especially those small and medium-sized enterprises that cannot afford expensive and complex emergency plans.

The third is opposition from the parliament. Earlier, the British Parliament had voted and opposed the "Brexit" agreement without an exit agreement. It can be expected that no matter who becomes the new prime minister, the parliament is a constraint that cannot be ignored in the implementation of its “Brexit” policy. Members of the House of Commons may initiate a vote of no confidence in a prime minister who chooses to "no agreement to leave the EU", thus triggering an early election.

Can't afford it

"Brexit" has been dragging on for a long time and has already had a negative impact on the British economy. Many institutions warned that investors are turning their eyes to other countries in the face of continuing uncertainty.

Statistics from the National Bureau of Statistics show that in the first quarter of 2019, the number and amount of mergers and acquisitions involving UK companies “declined significantly”.

Among them, the total amount of foreign companies acquiring British companies was 6.3 billion pounds, a significant decrease from the previous quarter's 38.8 billion pounds; the total amount of British companies acquiring foreign companies was 5.4 billion pounds, also much lower than the previous quarter's 10.5 billion pounds. The total amount of mergers and acquisitions between UK companies was £1.4 billion, which was also lower than the £5.6 billion in the previous quarter.

In addition, the British market research agency IHS Markit recently released data show that the UK manufacturing and construction industry PMI in May this year are lower than the 50-year-old line, which means that these two industries have shrunk. Among them, the manufacturing PMI fell to 49.4 from 53.1 in the previous month, and fell below the line of glory for the first time since July 2016.

IHS Markett economist Chris Williamson explained that in the context of the "Brexit" uncertainty, British companies are still very cautious in spending and investment, which has aggravated the global economic slowdown to the UK. Negative impact. He believes that the British economy is still nearing stagnation in the second quarter of this year.

Wonderful sharing:

We specialize in the production of precision machine parts, mechanical parts,precision machining, OEM machinery parts,cnc machining,cnc milling,cnc turning parts.

Like it? Share it!


About the Author

Joined: April 30th, 2019
Articles Posted: 29

More by this author