By Craig Wilson
This post Four Winners in the UK Election appeared first on Daily Reckoning.
Look for multiple winners in the upcoming UK election, and not one of them to be current Prime Minister Theresa May.
As the United Kingdom prepares for a snap election on June 8, voters will select lawmakers to fill 650 seats. Originally, the next election was scheduled to be held in 2020 but following the landmark Brexit vote, the upcoming election is seen to be a deciding factor in ongoing negotiations.
At its core, the snap election looks to guide British leadership as a public referendum on UK-EU negotiations.
The so-called hard Brexit option would mean that the UK would exit the EU’s single market option all together. Within the single market a guarantee of the free movement of trade, goods and services is open to participating EU members.
Under current rules it also means open and unrestricted migration of people that belong to participating EU countries within the single market. A hard Brexit would stop all such activity.
In contrast, a soft Brexit option would leave negotiated connections with the EU single market. Under agreed upon ties the UK and the EU would continue to somehow be connected in free flows of trade and migration.
Other issues such as UK healthcare services and the economy have also been at the center of the election campaign.
So, who wins in the UK election? The numbers are far too close to call right now.
However, below are four major signals identified that indicate what to watch for and who is positioned for a positive UK election outcome.
Germany Wins at the UK Ballot Box
Sure, this answer seems obvious. But so many forget that the dominant members in the EU have positioned themselves to be the “West Versus the Rest” (think Samuel Huntington-esque). Germany is the conductor of this EU symphony.
The German economy is the largest in Europe and ranks fourth in the world by nominal GDP standards.
While addressing her own parliament, German Chancellor Angela Merkel hit hard at the prospect of soft Brexit propositions.
Merkel, while outlining the German position on Brexit negotiations, said: “Countries with a third country status – and that’s what Great Britain will be – cannot and will not have the same or even more rights as a member of the European Union. All 27 member states and the European institutions agree on this.”
Meeting supportive applause while speaking to those assembled at the German Bundestag, Merkel identified:
“That means the sooner the British government is prepared to find constructive solutions, the sooner we can engage with their desire to already talk during the exit negotiations about the future relationship between the United Kingdom and the European Union. But first we need to know how Great Britain sees its future relationship with us.”What the leader was doing was simply echoing what she’s said since the triggering of Brexit. That is, Britain and leaders in London will not be able to cherry-pick on what parts of the EU they will …read more
Source:: Daily Reckoning feed
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