UK elections Boris Johnson wins the brexit fight
The result of the recently held UK elections has given the green signal to brexit. The British country under Boris Johnson will now make all efforts to officially exit the European Union on January 31, 2020.
December 12, 2019 is when the UK went to vote and Boris Johnson once again returned to power with a majority. Despite the result, there were protests in the country against the British Prime Minister. This is the third election in less than five years and the underlying core issue of this election was Brexit. The Prime Minister Boris Johnson called for an election in October after he was convinced that the only way to pass his Brexit deal in Parliament was to obtain a majority.
What happens now?
The UK will officially leave the EU on January 31, 2020 but will continue to follow EU rules while new agreements are drafted and signed between both the sides during the ‘transition’ phase which ends on December 31, 2020. News reports indicate that Boris may be planning for a softer Brexit considering that a portion of his new seats are from the North and Midlands represent large manufacturing bases that rely heavily on low-barrier trade with the European Union (EU).
The International Impact of Brexit on Foundries
As Boris Johnson holds the upper hand he will now also have to quickly negotiate an ‘ambitious’ trade agreement with the EU and get it ratified by the transition period deadline of December 31, 2020. The British Prime Minister will also have to work on a new Withdrawal Agreement Bill and then submit it to the Parliament.
Boris Johnson had earlier promised in his campaigns that he will not extend the transition period beyond December 2020; however, with his recent and massive victory he will always have the option of extending it further, if the need arises.
The Scotland stand
In this scenario of celebrations, Scotland rejected Boris Johnson’s party in the United Kingdom's general election as Nicola Sturgeon’s Scottish National Party (SNP) won 47 of Scotland's 59 seats in the British Parliament. Sturgeon has now decided to hold a second referendum on Scottish independence.
Predictive maintenance: Big opportunity for industrial sensors market
She said, “I accept regretfully that [Johnson] has a mandate for Brexit in England. But he has no mandate whatsoever to take Scotland out of the European Union... Scotland's future must be in Scotland's hands.” Sturgeon continued, “Given what I fear the Tory Government now has in store for Scotland, that right to choose our own future has never been more important or more urgent.”
With so much going on, one thing is for certain: The recently concluded elections in the UK has directed the country to finally go ahead with the Brexit idea but to what extend will it impact the country and its surrounding regions is a question which only time will tell.
For more news visit our facebook page or twitter.