Pound dives as UK enters new period of uncertainty

A culture war masquerading as a youthquake

GE2017 A culture war masquerading as a youthquake

The British currency lost as much as three cents against the US dollar by Friday as the results confirmed exit poll predictions that Prime Minister Theresa May had failed in her gambit to gain a stronger majority for those Brexit talks.

Theresa May is to head a minority Conservative government - propped up by the Democratic Unionists - after her General Election gamble backfired disastrously.

Shortly before Mrs May's statement, senior Unionist MP Sir Jeffrey Donaldson said it was "much too early" to talk of a formal agreement with a minority Conservative government.

The only way May has been able to form a government is to strike a partnership deal with the DUP, a socially conservative party that represents those who want Northern Ireland to remain part of the United Kingdom. Meanwhile, the Labour Party started the campaign looking as if it was maybe facing some sort of existential disaster.

Labour is set for an improved showing compared with 2015, with Jeremy Corbyn's party predicted to win 266 seats, an increase of 34 on its performance two years ago.

"Theresa May is a dead woman walking". She's now attempting to form a government.

"It's an issue very close to my heart and one that I wanted categoric assurances from the prime minister on, and I received (them)".

"I don't think she does have a majority in the House of Commons for leaving the single market", said Anna Soubry, a Conservative member of parliament who campaigned ahead of last year's referendum for Britain to stay in the EU.

Many others have been less vocal, but with 12 fewer Conservative seats in parliament than before the election, you can be sure many are smarting if not seething, meaning a leadership challenge could soon be on the cards.

Foreign Secretary Boris Johnson's office dismissed as "simply wrong" a report suggesting he was lining up a leadership bid. He also claimed it is "pretty clear who won this election" and that "the party that has lost in this election is the Conservative Party".

"I can still be prime minister", Corbyn tells the Sunday Mirror. DUP leader Arlene Foster told Sky News she would meet May at Downing Street on Tuesday.

"This is still on", Corbyn says.

It came as her most senior minister Damian Green confirmed that the Queen's Speech, due to set out the Government's programme on June 19, could be delayed as the Tories seek an agreement with the DUP. "We need stability", she said.

In a surprise move, Michael Gove was appointed environment and agriculture minister less than a year after the prime minister sacked him as justice minister.

Ellvena Graham, president of Northern Ireland Chamber of Commerce and Industry, said: "This result has accomplished the unlikely feat of piling more uncertainty on business communities already grappling with a number of issues including a shortage of skilled workers, currency fluctuations, high up-front costs, and the Brexit process". She wanted, for example, an end to the automatic right of EU nationals to settle in the U.K. She wanted total control over U.K. trade while maintaining full access to the EU single market, while massively reducing or even eliminating the U.K.'s budget contribution to EU coffers.

A party councillor in Ballymena reportedly claimed Hurricane Katrina, which killed more than 1,500 people in the United States, was God's revenge for New Orleans hosting an annual gay pride event. At the start of the campaign, she was enjoying poll leads of 20 points or more over the main opposition Labour Party.

"I could not care less what people get up to in terms of their sexuality, that's not a matter for me, when it becomes a matter for me is when people try to redefine marriage".

The nursery worker said he was "angry" that Mrs May had done a deal with the DUP, although he admitted he did not initially know who they were.

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