Brexit may face a reverse wrap-up. The snap election could be a decider.
The snap election has raised concern regarding Brexit. This comes in a month’s time after the UK triggered Article 50 to leave the European Union. Using the French and German elections as examples, critics have explained that the elections, as it was for Article 50, could push back the Brexit negotiations.
May is quite strong in her stance, and has been fairly eloquent in her choice of this general election. A vote for the Conservatives would make May’s Brexit mandate stronger. However, a vote for other political parties would be injurious to Brexit negotiations while destabilising the UK. But there may be some unread concerns here, just as May has pointed out. The prime Minister argued that other parties (read Labour) cannot agree on the way forward about Brexit negotiations. Further, there is no consensus on Brexit, with the Liberal Democrats, the House of Lords and SNP Parties.
Presently, Theresa May has revoked her former decision of never to hold any election before her government’s term expire by 2020. Her decision to hold the snap general elections is clear – the ultimate gauge to lock in her Brexit policy. May’s other concerns include making Brexit a serious issue of political as well as economic comprehension, and making sure that the negotiations end at a point where there is still space to go further, but not return. This is aimed at guaranteeing stability and certainty for the future years and elections.
While political consolidation is what May looks for now, there is also every reason to be wary of a reversal. The ruling Center-Right Conservative Party under May has majority of the parliamentary seats. However, the gap is slim. May’s parliamentary position is stronger relative to her popularity in the country. However, the first-past-the-post system always implies that the final seat allocation hardly follow the popular vote closely. For example, inspite of winning a 50.7% majority, the Conservatives held 37% of the popular vote in Britain.
The president to the European Parliament did reveal that Britain would be welcome back into the EU, should the voters change their minds on Brexit come June 8th, challenging May’s claim that after triggering Article 50, there is no turning back! May’s triggering of the Article, for the departure process from the EU could be easily reversed by the rest of EU members if, after the general election, the UK government is changed; adding that such a scenario would not need a court case. In addition, he has explained that the European parliament would completely veto the deal, should UK fail to agree to preserve the rights of the 1.2 million Britons in Europe, and 3 million EU citizens currently settled in UK.
Reflecting Antonio Tajani’s remarks on the relationship between the June 8th General Elections and Brexit, the Liberal Democrat leader Tim Farron agrees that it may not be too late to avoid a hard Brexit. But there are commendable vibrations too, about the elections. There are substantial opinions about a vote for Brexit and its proceedings, in that the June 8th General Elections seem unlikely to derail May’s move to lead Britain out the EU, although it could ease pressure on her during torturous Brexit negotiations in the 2-years’ time.
The GBP rose above 1.5% against the US dollar while UK’s leading index, FTSE 100, fell further to an over 2% down. The possible reason explaining the moves are the belief that a “Hard” Brexit is revocable using the June 8th general election results.