Start Trading Now Get Started
Table of Contents
Affiliate Disclosure
Affiliate Disclosure DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

UK To Hold General Election

By Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

UK electionsHaving three times denied the prime minister’s motions calling for a general election under the terms of the Fixed Parliament Act, the Commons passed a simple act yesterday fixing a general election for 12th December 2019.

The objections that opposition MPs had to a general election were the fears that Johnson could somehow manipulate the date of the poll (which would have been his to set under the FTP Act) to enable a “no deal” Brexit to occur and that, until yesterday. The EU and UK had not formally agreed to an extension of A50 notice until the end of next January. With these hurdles out of the way and the Labour leader claiming at every turn to want an election, there was little doubt that an election would happen, but the timing was in doubt.

The initiative for the Bill came from the SNP and LibDems, both parties with an unequivocal remain stance. The opposition coalition against “no deal” was never fully against “no Brexit” since the position of the Labour Party has been that the referendum from 2016 must be respected. This means that their current policy would be to block “no deal”, insist that any deal is confirmed by a popular vote and, if in power, they would re-negotiate a softer Brexit with the Eu then put that to the nation in a referendum, if in power. Their position in such a referendum would be decided by a special conference. However, 19 Labour MPs rebelled to grant Johnson’s Withdrawal Agreement Bill a second reading. This precipitated the SNP LibDem action since they believed it to be the only viable way to prevent what they see as a disastrous Tory Brexit.

It is almost inconceivable that the House of Lords will delay the passage of the bill, so a December election is all but certain. However, the outcome of that election is impossible to predict despite a 10-point lead for the Conservatives and the worst ever personal polling figures for the leader of the opposition, Jeremy Corbyn. It is likely that the dissolution of Parliament will take place a week from today, making this session one of the shortest ever.

In terms of Brexit certainty, all you can say is that the UK will remain in the EU until mid-December, after then, all bets are off.

Dr. Mike Campbell
Dr. Mike Campbell is a British scientist and freelance writer. Mike got his doctorate in Ghent, Belgium and has worked in Belgium, France, Monaco and Austria since leaving the UK. As a writer, he specialises in business, science, medicine and environmental subjects.

Most Visited Forex Broker Reviews