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August 21 2017, 06:35 | Van Peters
UK Election 2017: May fall short of majority in June
However, what we're facing now because of this election result is potentially a period of pretty damaging paralysis, because Theresa May hasn't got a stonking great majority in Parliament.
Instead, she risked an ignominious exit after just 11 months in the post, which would be the shortest tenure of any prime minister for nearly a century.
However she said he, along with foreign secretary Boris Johnson, home secretary Amber Rudd, defence secretary Michael Fallon and Brexit minister David Davis would remain in theirposts. Instead of accepting defeat, however, May claims that she will continue to push for Brexit negotiations.
Jeremy Corbyn, leader of the main opposition Labour Party, said the early results showed May had lost her mandate and called for her to resign. "We are ready to do everything we can to put our program into operation", he said. The political, economic and institutional uncertainty stemming from the June 2016 Brexit referendum and the upcoming U.K. -EU negotiations is reflected in the firm's Negative Outlook on the nation's AA sovereign rating.
Donald Tusk, president of the European Council, added: "We don't know when Brexit talks start". We want to end austerity and invest in this country and that's what we're going to do.
Beard: There's probably quite a few members of her own party who might actually agree with that, because this was one which she did not need to call. Anna Soubry, a Conservative MP, said May would have to consider her position.
"Theresa May fighting to stay in Downing St as senior Tories ponder leadership challenge", the staunchly Conservative Daily Telegraph headlined, using the party's nickname.
And the Labour leader is optimistic his progressive manifesto will attract enough support in Parliament to propel him to power.
The exit pollpredicted the Conservatives would win 314 seats and the Labour Party 266, meaning no clear victor and a "hung parliament". If she is to succeed in delivering the wishes of 52% of the public and take Britain out of the European Union, she must find a way to secure the full support of her party to pass legislation preparing for and enacting the departure.
This week's election left the Conservatives several seats short of a majority in Parliament, so they are seeking a deal with the Northern Ireland-based DUP, which won 10 seats.