UK finance minister hails sterling gains after snap election announced

May made the unscheduled statement outside her office and residence in Downing Street, in central London.

Following Ed Miliband's 2015 general election defeat, nominations to replace him opened on 9 June and the result was announced on 12 September. If the motion is passed, parliament will dissolve in May.

"In this general election it is clear that only the Liberal Democrats can prevent a Conservative majority". May had full support of Cabinet and had spoken to the Queen Opposition parties say they will not block move to hold election on June 8.

Some argue the past gains for the FTSE, along with some of the major merger deals done since previous year, also reflect the corporate world's confidence that sterling is unusually cheap - and will recover. The opposition Labour Party said it will vote in favour of a new election, meaning she should be able to get it through.

NAN reports that May announced that she wants to hold a snap general election on June 8. At this moment of enormous national significance there should be unity but there is division.

Under the Fixed-Term Parliaments Act, general elections take place every five years, meaning Mrs May would have had to carry on until 2020 before the chance to strengthen her position.

It is also a risky roll of the political dice.

The prime minister said her decision had been made "recently and reluctantly", but she argued that the United Kingdom has a "one-off opportunity" to form a unified government while the European Union decides its negotiating position on Brexit.

A round of opinion polls over the Easter weekend also showed her Conservative Party far ahead of the main opposition Labour Party.

Corbyn said he would not oppose the call for an election.

The Prime Minister will require the support of two-thirds of MPs to go to the country, with a vote scheduled in the Commons on Wednesday.

The borough's MPs are as divided in their response to Theresa May's snap general election announcement as the infighting alluded to in her speech this morning.

Dr Cole added: "For the Labour Party this is perhaps a more unsafe election than there has been since, say, 1983". Lib Dem leader Tim Farron is presenting the election as chance to change the country's direction.

Scotland's First Minister Nicola Sturgeon called the decision a "huge political miscalculation" by May "in terms of Scotland".

May wants to establish a fundamental political cleavage in British society between pro and anti-Brexit forces. That's pretty unlikely, since recent polls indicate that the Conservatives have a almost 20-point lead over Labor, but it's still a potentially risky move.

Last month, May formerly triggered the two-year process by which Britain will leave the EU.

Negotiations to leave the European Union will be arduous. Islington North voted 78 per cent to remain in the 2016 referendum, the fifth highest anti-Brexit vote anywhere in the UK.

British voters are getting one more chance to weigh in on Brexit-and prime minister Theresa May.

The European Commission has said it wants the exit talks to be concluded by October 2018 at the latest and stressed in an initial reaction to May's shock announcement that the plans were unchanged.

  • Jon Douglas