Brexit has dominated the news in recent months, and it’s not going away any time soon. So what does that mean for businesses in the United Kingdom?
From financial woes to uncertainties about immigration policy, there are a lot of questions on everyone’s minds. In this blog post, we will explore five recent news stories about the United Kingdom and how they will impact businesses.
Theresa May Resigns as Prime Minister
After days of speculation, Theresa May has announced that she will be resigning as the Prime Minister of the United Kingdom. In a statement released on Friday, May said that she will step down on March 29th, 2019, two years after being appointed to her current role.
May has been widely criticised for her handling of Brexit negotiations and her decision to call a snap election in 2017 which she lost. Her resignation comes as a surprise given that she had been expected to lead the Conservative party into the next general election.
In her statement, May thanked her colleagues and said that she was proud of what they had accomplished over the last two years. She also said that she would continue to serve as MP for Maidenhead until the end of 2020.
Labour Wins the General Election
Labour has been declared the victors in the United Kingdom General Election, with Jeremy Corbyn becoming the new Prime Minister. The Conservatives have suffered a large defeat, losing their majority in Parliament and with Theresa May resigning as Prime Minister. The Labour party had been predicted to do well in the election, but their victory is still a surprise.
The Labour party was founded by trade union members in the early 1900s, and they continue to focus on supporting workers’ rights. They campaigned on promises to increase taxes for the wealthiest citizens, invest in public services, and reduce inequality. Their manifesto also included plans to nationalize key industries, such as rail and energy.
The Conservative party was founded by former members of the Liberal Party. They emphasize fiscal responsibility and free market principles. Their main policies include reducing taxes for businesses and individuals, investing in defense and infrastructure projects, and creating a “stronger Britain” by leaving the European Union.
This election marks the first time that Labour has won an outright majority in Parliament since 1997. Corbyn’s strong support among young people and working class voters may have helped them win this election. The Conservatives will now need to work together with other parties to pass their policies through Parliament.
Boris Johnson Becomes Foreign Secretary
On Wednesday, Boris Johnson was appointed the new Foreign Secretary in Theresa May’s Cabinet. Johnson is a controversial figure, with a reputation for tough talk and cutting political commentary. He has been a journalist and politician for more than 20 years.
As Foreign Secretary, Johnson will be responsible for the UK’s relations with other countries, as well as its relations with the European Union. He is also expected to play a role in negotiations on Brexit, which is scheduled to take place in 2018. In his previous roles as Mayor of London and Minister of Transport, Johnson has shown an interest in international affairs.
United Kingdom Prepares for Brexit
In the run up to the United Kingdom’s planned departure from the European Union, there has been a great deal of news coverage about the country’s preparations. On Monday, Prime Minister Theresa May announced that the UK would leave the EU on March 29, 2019. This leaves little time for negotiations about the UK’s future relationship with the bloc.
The government has set out several plans for what will happen if Britain leaves without a deal. The first is that Britain would join Norway in being a member of the European Free Trade Association (EFTA). EFTA is made up of three countries—Norway, Iceland, and Liechtenstein—and it allows for limited trade with other EFTA members while still being part of the European Union.
If Britain cannot negotiate a better trade agreement within two years of leaving the EU, it will enter into a long-term partnership with the bloc known as “a customs union”. This would mean that all goods coming into and out of Britain would be subject to common tariffs and quotas. It is not clear how this would work in practice, as it would likely require significant changes to Britain’s trading relationships around the world.
Another option is for Britain to become a “semi-permanent partner” of the EU. This would involve signing an agreement that says Britain can have some access to EU markets but also gives Brussels more control over British laws and regulations.
The final option is for Britain to stay
Here are 5 recent news stories about the United Kingdom that you might find interesting.
1) Protests in London after police officer is charged with manslaughter over death of black man.
2) Protesters clash with police as they rally against austerity measures in London.
3) UKIP leader Farage urges Leave voters to back Brexit in order to stop ‘clear and present danger’ from Labour.
4) Thousands march through central London demanding a vote on the EU referendum result. 5) Theresa May meets Queen at Buckingham Palace as she begins new job as Prime Minister