Published: Tue, June 20, 2017
Markets | By Noel Gibbs

Jeremy Corbyn Says New UK Election May Be Held by Early 2018

Jeremy Corbyn Says New UK Election May Be Held by Early 2018

May, jolted by the electoral setback, however, remained defiant to calls for her resignation and vowed to form a minority government with the informal backing of the Democratic Unionist Party (DUP).

Johnson, one of the Conservatives' most popular politicians, tweeted that an article in the Mail on Sunday newspaper headlined "Boris set to launch bid to be PM as May clings on" was "tripe".

Joint chiefs of staff Nick Timothy and Fiona Hill formed part of May's small inner circle and were blamed by many Conservatives for the party's lacklustre campaign and unpopular election platform, which alienated older voters with its plan to make them pay more for long-term care.

Labour campaigners have expressed their absolute joy with "hung" results from the June 8 parliament election, describing it as "a tremendous moment of elation".

Jeremy Corbyn leader of Britain's opposition Labor Party votes in Islington a borough in London on June 8
Jeremy Corbyn leader of Britain’s opposition Labor Party votes in Islington a borough in London on June 8

"The success of the Labour Party winning more seats than expected was because they tapped into anxiety over public spending cuts since 2010, anxiety over the state of National Health Service, and also concerns with youth voters over the amount of student debt and access to United Kingdom housing - two big issues".

"I don't think Theresa May and this government have any credibility".

Theresa May was fighting for survival on Saturday after a failed election gamble undermined her authority and plunged the country into a major political crisis days before talks to leave the European Union start.

Even if it was backed by all Labour, SNP, Green, Lib Dem and Plaid Cymru MPs, such a programme would only have the support of 314 MPs - short of the 326 needed to secure a House of Commons majority. The Prime Minister called this election on the basis she would need a stronger mandate to negotiate Brexit.

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"I think her position is, in the long term, untenable", Conservative lawmaker Anna Soubry told Sky News.

Scottish Conservative leader Ruth Davidson, who took the party from one Scottish seat to 13, said there would now have to be "consensus within the country about what it means and what we seek to achieve as we leave". The party had previously confirmed they were prepared to form a coalition government, as the Independent reports.

A deal between the government and the DUP could also unsettle the precarious balance between Northern Ireland's British loyalist and Irish nationalist parties.

"Parliament must meet and Parliament will have to take a decision on what happens, when a government puts forward the Queen's Speech, we will put forward our point of view, we are of course ready to serve". The British pound tumbled against the United States dollar and the euro after the result.

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"It is quite possible there will be an election later this year or early next year and that might be a good thing because we can not go on with a period of great instability", Corbyn told the BBC.

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The results were considered a victory for opposition leader Corbyn and a humiliating blow for May and her ruling party.

Foster, who led her party to 10 seats, was loathe to say her party would enter into a formal coalition - suggesting uncertainty in the weeks ahead.

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