Election 2017: Hung parliament would be a blow to Brexit negotiations

  • Election 2017: Hung parliament would be a blow to Brexit negotiations

Election 2017: Hung parliament would be a blow to Brexit negotiations

On Friday, European Council president Donald Tusk warned Mrs May there is "no time to lose".

Some Tory ministers were privately speculating there might have to be a second British election this year, creating a vacuum just as Brexit negotiations were about to start.

Britain's Brexit Secretary David Davis told BBC Radio 4 Monday that exit negotiations with the European Union will start June 19 as planned, despite the Conservative Party's poor showing in last week's general election.

Winterstein said the commission was "quite confident" that so-called technical talks to pave the way for the Barnier-Davis negotiations could begin as early as this week. "A weak partner weakens the whole negotiations", he added.

Other EU leaders have expressed concerns the failure to win a majority may make negotiations even more hard.

Geir Lode, head of global equities at Hermes Investment Management, says the United Kingdom election seemed a distraction ahead of bigger challenges facing the country, such as rising inflation, stagnating productivity and Brexit.

"We want to have a fair deal with Britain and we want to have a fair final Brexit negotiations".

"Britain is a member of North Atlantic Treaty Organisation, so we have a lot of shared challenges to deal with, and that's the spirit we want to carry out these negotiations in. He is the actual victor of the early vote in Britain", Czech Prime Minister Bohuslav Sobotka, a Social Democrat, said on Twitter.

In her final rally of the campaign, in Birmingham on Wednesday, she said it again and claimed once more that only she could offer the "strong and stable leadership to get the best deal in Europe".

"Broadly May was a Remainer, but as Prime Minister was there to carry through Brexit".

Defence Secretary Michael Fallon said the government was not looking at a formal coalition but would seek assurances the DUP would vote with May "on the big things" such as the budget, defence issues and Brexit. Mrs May, who had previously ruled out elections, justified her U-turn with the argument that a stronger parliamentary majority would strengthen her hand in the Brexit talks.

Alistair Campbell, Labour prime minister Tony Blair's former spokesperson and a strong European Union supporter, said: "This election is a rejection of May and hard Brexit".

"If a hung parliament forces a cross party compromise it could lead to a softer Brexit strategy, and may turn out to be positive in the long run after some serious initial confusion", said Kallum Pickering, economist at Berenberg bank. The currency has been highly volatile in the last year, from $1.50 a year ago before the Brexit vote to below $1.18 briefly in October. But in one of the most sensational nights in British electoral history, a resurgent Labour Party denied her an outright win, throwing the country into political turmoil as no clear victor emerged.

In Strasbourg where members of the European Parliament are holding the monthly plenary, MEPs seem broadly frustrated and impatient by Britain's domestic politics and the delay they are causing.

"What we've said is that we need those benefits, and whether they're achieved through reformed membership of the the single market and the customs union, or through a new, bespoke trading arrangement, is actually secondary to achieving the benefits", Gardiner told the Today Programme.