Theresa May who is currently battling with the exit of the United
Kingdom from Brexit as well as terrorism might be vacating her seat
after her party lost parliamentary majority.
Theresa May
British Prime Minister Theresa May
faced pressure to resign on Friday after losing her parliamentary
majority, plunging the country into uncertainty as Brexit talks loom.
The
pound fell sharply amid fears the Conservative leader will be unable to
form a government and could even be forced out of office after a
troubled campaign overshadowed by two terror attacks.
After being re-elected with an increased majority in the London commuter seat of Maidenhead, May said Britain “needs a period of stability” as it prepares for the complicated process of withdrawing from the European Union.
She said that while the full results had yet to emerge, her party seemed to have won the most seats and “it would be incumbent on us to ensure we have that period of stability”.
But Leftist opposition leader Jeremy Corbyn, whose Labour party surged from 20 points behind, urged May to quit, saying she had “lost votes, lost support and lost confidence”.
Former Conservative minister Anna Soubry, who just held onto her seat, said May was “in a very difficult place” following a “dreadful campaign”.
With
a handful of seats still to be declared, the Conservatives were
predicted to win 319 seats, down from 331 in 2015 — yet another upset in
a turbulent year since the EU referendum in June 2016.
They
were mathematically unable to reach the 326 mark that would give them a
majority, meaning they will have to form an informal or formal alliance
to forward their agenda.
Labour are expected to
increase their share from 229 to 260 seats, resulting in a hung
parliament. May, a 60-year-old vicar’s daughter, is now facing questions
over her judgement in calling the election three years early and
risking her party’s slim but stable majority of 17.
“It is exactly the opposite of why she held the election and she then has to go and negotiate Brexit in that weakened position,” said Professor Tony Travers of the London School of Economics.
Sterling
fell nearly two percent against the dollar on the back of the exit
poll, as investors questioned who was now going to control the Brexit
process.
Early newspaper editions reflected the
drama, with headlines such as “Britain on a knife edge”, “Mayhem” and
“Hanging by a thread”.
In a night that threatened
to redraw the political landscape once again, the UK Independence Party
(UKIP), which won 12.5 percent of the vote two years ago and was a
driving force behind the Brexit vote, was all but wiped out, hovering
around two percent.
The pro-European Liberal
Democrats, who have campaigned for a second EU referendum, increased
their number of seats from nine, but their former leader Nick Clegg lost
his seat.
Meanwhile the Scottish National Party
of First Minister Nicola Sturgeon, which has dominated politics north of
the border for a decade and called for a new independence vote after
Brexit, was tipped to lose around 21 of its 54 seats.
Deputy leader Angus Robertson, one of the strongest SNP performers in the House of Commons, was an early casualty.
– ‘Pressure to resign’ –
May,
who took over after last year’s Brexit referendum, began the formal
two-year process of leaving the EU on March 29, promising to take
Britain out of the single market and cut immigration.
Seeking
to capitalise on sky-high popularity ratings, she called the election a
few weeks later, urging voters to give her a stronger mandate to go
into Brexit talks that are expected to begin as early as June 19.
Officials
in Brussels were hopeful the election would allow her to make
compromises, but this has been thrown into question by the prospect of a
hung parliament.
“It creates another layer of uncertainty ahead of the Brexit negotiations,” said Craig Erlam, senior market analyst at OANDA currency traders.
Despite
campaigning against Brexit, Labour has accepted the result but promised
to avoid a “hard Brexit”, focusing on maintaining economic ties with
the bloc.
Barely a month ago, the centre-left
party seemed doomed to lose the election, plagued by internal divisions
over its direction under veteran socialist Corbyn.
But
May’s botched announcement of a reform in funding for elderly care, a
strong grassroots campaign by Corbyn and the terror attacks, which
increased scrutiny of her time as interior minister, changed the game.
“Even
if she manages to get just enough seats it will be seen as a failure
and she may indeed be under pressure to resign as leader quite quickly,” said Paula Surridge, senior lecturer at the University of Bristol.