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Britain's new prime minister, as the chaos of Brexit begins



Boris Johnson (L) and Jeremy Hunt participated in the debate of Jeremy Hunt and Boris Johnson at ITV on 9 July 2019 in Salford, England. News |

The United Kingdom will know who his next prime minister will be this week when the vote in the ruling Conservative Party of the UK ended to end.

Monday is the last day in which Party members can present their Desired Candidate to head the party and the country, with former Foreign Minister Boris Johnson standing before the current holder of Jeremy Hunt.

Johnson, who is known for his revealed and often controversial views, is seen as leading with the result expected Tuesday. The vote comes after Prime Minister Teresa Mei announced she would resign after multiple parliamentary rejections of the deal with Brexit she has concluded with the EU

As such, the party leadership competition focuses on how each candidate will be deal with Brexit before a new one

Pro-Brexit Johnson's candidate has already provoked excitement by saying that the UK must leave the EU by the deadline "do or die, come what can" even if it means leaving without a deal Place, His tivnik Hunt, "stuck" in the original referendum in 201

6, which has since said he will now vote to leave, was also strong for the implementation of Brexit, but said that no deal was not a last resort. many inside and outside parliament are perceived by many as a scenario that should be avoided at all costs. Leaving without a deal would mean a sharp departure from the EU without a transitional period that would allow businesses to adapt to life outside the trading block. This would also mean that the United Kingdom should revert to WTO rules and automatic import duties that could harm trade and consumption.

Many ardent Brexiteers are tired of the delay and believe that Britain must adhere to an extended deadline for leaving the bloc. The EU has repeatedly insisted it is not open to renegotiating the deal concluded last May, which increases the prospect of leaving the treaty.

Finance Minister Philip Hammond has already said he will resign on Wednesday and has a strong influence. opposed Brexit without a deal, telling CNBC last week that "if the new government tries to make the UK turn into a coastline called Brexit without a deal, I will do my best to stop it."

Uncertainty about Brexit has had a bad impact on the economy, as many firms are hindering investments until they learn more about the future relationship that Britain will have with the EU – the most Its Biggest Trade

Gross Gross Domestic Product (Gross Domestic Product) growth of 0.5% in the first quarter was seen as a drop in production and stockpiling of goods and components before Brexit's original March 29th. GDP in the fourth quarter will reflect the wider mood and fluctuation of investment, largely caused by Brexit.

One economist of the United Kingdom, Thomas Pue, issued a note earlier in July, noting that "the economy is probably almost negotiated in Q2 (Part of this is just a return from the activity that shifts from the second quarter to the first quarter before Brexit's original term on March 29. But there is a growing risk that the main trend is also slowing down. "The sterling also weakened nearly 4 percent against the dollar over the past three months, trading at 1.2481 dollars on Monday morning. the next one and e Britain's long-term economic future, while others are more confident that Britain will eventually recover.

"We think Britain is almost impossible to buy, as we have much greater clarity about what will happen "said Paul Gambles, co-founder of the MBMG group, on Monday at CNBC Squawk Box Europe

" This is (the pound) not at low levels in the dungeons, and we need to see pounds lower to $ 1.20 or less than that, "he said. "We do not see an end to the weak pound scenario if something does not change dramatically."

Taban Date, Head of Global Asset Allocation in Aon, was more optimistic about UK investment.

"If you are working on the idea that somehow a deal can be reached over the next 6 to 12 months – though it does not seem to happen until October, frankly – there are some parts of the British stock market that at the moment they seem really deeply valuable, "he said, saying that more sensitive cyclical stocks in the country (whose performance usually follows economic trends) that were" beaten "during the Brexit talks are an example of potential value [19659003] "You can assume that sterling is too low, as at $ 1.24 / $ 1.25 is low and maybe significantly underestimated So if you are willing to accept this point, you may lose some money in the near future but if "Ready to sit for a few if you can sit with 10% plus profit, "he said on Monday at CNBC Squawk Box Europe." So, I do not agree that Britain is impossible to buy, just the uncertainties in the near future are very significant. "


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