Tuesday 13 September 2016

Sun, Sea and British Politics....


While over the summer many Brits focused on their tans and holidays (and waiting for the football season to start again) British politics decided that it was time to cause a stir.We all took to the polling stations to vote on one of the biggest decision in Britain. "Brexit" The idea of leaving The European Union and becoming independent in our own rights as the United Kingdom. The "Brexit" has divided the country in half with the votes, resulting for the leave campaign winning with 51.9% of the vote. Expectedly the Brexit vote left to a weakened pound. Compared to last year Euro rates in the summer of 2015. After the Brexit vote the euro dropped around 12% (just what all the summer travellers wanted...) 

The whole Brexit campaign left Britain in a little bit of a dark cloud, so as Brits do we make things more complicated! The brevet vote left David Cameron, former Prime Minister of the UK to resign as the PM. This left the new race for the new PM with the exciting candidates...
The outcome of the resignations lefts Theresa May as the new PM who promised to lead Britain in the right direction although she disagreed with the vote to leave. The new lady of the house started with new cabinet ministers and roles: Secretary of state for Brexit - David Davis, and an international Trade secretary - Liam Fox. However it could be argues that there will be problems within the cabinet due to the differences in ideologies However she has stated that she has no intrust currently to take article 50 into the commons for a vote, which is extremely controversial baring in mind the UK voted for Brexit...
Many economists prior to the referendum had been predicting an immediate and significant impact on the UK economy which hasn't really shown since the vote itself.  

Corbyn didn't have a great summer himself, his political position was questionable. The idea of reducing MP's from 650 to 600 under government plans has lead the the Labour party to have a harsh blow. More worrying for Corbyn is that he struggled to reach the ballot. Even worse for Corbyn is the scandal he seems to be tangled in with Richard Branson.

Not all clear skies for Britain. 

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