Advertisements
SHARE

The victory has been hailed by the markets too as the Sterling surged 3% after the announcement of the exit polls. This gives a clear indication the markets will react in a stronger nature attracting more investment from overseas. The stability of the Conservative government will attract free trade agreements with countries like China and India at a faster pace than expected before …. Writes Taha Coburn-Kutay

 by . 12th December general election has once again given a clear mandate of “Get Brexit Done” to Boris Johnson. Get Brexit done has resonated with the larger population of UK and defines the mood that people of UK want to be out of the European Union. This does send a clear message to the European Union that there will be no more delays in achieving what Boris Johnson had said when he assumed office, Brexit.

The victory has been hailed by the markets too as the Sterling surged 3% after the announcement of the exit polls. This gives a clear indication the markets will react in a stronger nature attracting more investment from overseas. The stability of the Conservative government will attract free trade agreements with countries like China and India at a faster pace than expected before. Now that the US has agreed a trade deal with China in principle gives more leeway to Boris Johnson to have a free trade agreement on our terms. With India the approach might be cautious because of the downturn in the economy due to large scale unemployment, industrial production and the Rupee weakening against the Dollar.

The property market will see a surge from overseas investment now that a stable government is in Westminster. The reintroduction of post study work visa from September 2020 will have a larger student intake both from China and India, which had fallen in the recent years to a minimum. This means that Universities in UK will have sigh of relief as their budgets have been reduced in the past but international student fees will fill those gaps.

 by .
UK Election verdict – Front Page

The only worry at home is the demand of SNP for an independence referendum for Scotland. This could throw the spanner in the works for the new government. Achieving a strong mandate north of the English border has given confidence to the SNP that they can achieve independence, but the fact remains it could turn out that Scotland doesn’t want to leave the Union as it happened with the previous referendum.

What remains to be seen is the policy of the new conservative government towards NHS and other promises which they have made in their manifesto. I have picked up NHS only for now as it has been blatantly made clear, NHS will never be a part of a trade deal with the US and will not be privatised. It will be catastrophic if this is not the case.

Congratulations to the Conservative party for a thumping victory and lets hope we all come out as winners.

Advertisements

LEAVE A REPLY

Please enter your comment!
Please enter your name here