Bloomberg
U.K. Election 2017
This interactive map will bring you live results, from the national standings down to individual candidates and constituencies.
_https://www.bloomberg.com/graphics/2017-uk-election/
Friday June 9, 2017
Live Blog:
U.K. Election 2017
This interactive map will bring you live results, from the national standings down to individual candidates and constituencies.
_https://www.bloomberg.com/graphics/2017-uk-election/
Friday June 9, 2017
Live Blog:
7:31:34 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Labour under Jeremy Corbyn are heading towards a vote share of more than 40 percent. For comparison, Tony Blair won power with shares of 35.2 percent in 2005, 40.7 percent in 2001 and 43.2% in 1997.
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7:28:06 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Former Education Secretary Nicky Morgan tells me the Conservative Party "has some hard questions to ask itself." She continues:
"This is not an election campaign which has healed divisions across the country in the way it needed to."
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7:27:12 AM
Rob Dawson Photo Editor
robdawsonpix
Security is unsurprisingly tight outside the home of Jeremy Corbyn this morning.
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7:20:38 AM
Svenja O'Donnell U.K. Government Reporter
SvenjaODonnell
May's poor campaign being blamed for much of these losses at CCHQ. As a Tory source put it to me earlier:
"Corbyn's last rally was a party in a chapel. May's was a short speech in a basement in Meriden. That tells you all you need to know about her campaigning style."
The party will not want to keep her as leader after this.
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7:19:37 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Of those potential runners, Davis has stood twice before and lost, while Johnson almost stood last year -- before a savage attack on his leadership credentials from Michael Gove prompted his withdrawal before even announcing his candidacy. Read about that here:
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7:14:18 AM
Svenja O'Donnell U.K. Government Reporter
SvenjaODonnell
It's really looking increasingly hard for Theresa May to stay on. The next questions are:
who will be in the running for the Tory leadership if she steps down? and
if the Tories hang on in a minority government, how long before another election?
It's looking increasingly likely Brexit talks will be delayed, and another vote may well be in the offing within months.
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7:11:51 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
We're still waiting for Theresa May to come out and give a speech. Big questions are being asked about how long she can remain prime minister. She called the election asking for voters to give her a mandate for her brand of Brexit, and while the Conservatives remain the biggest party, a hung parliament only weakens the U.K.'s hand in Brexit negotiations.
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7:09:31 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Caroline Lucas holds the Green Party's only seat in Brighton Pavilion. The Liberal Democrats didn't stand there in order to boost her chances. She celebrates the Tories' losses in her victory speech:
"Today that sea of blue is receding; hope is growing. People have shown that we can do politics differently."
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7:08:28 AM
Mark Evans European Economics
Here's another view of the state of play, with most of the results in and a hung parliament assured. Some of those smaller parties are going to be crucial in the coming weeks. If you're a Bloomberg terminal user, you can see more at {EU <Go>}.
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7:03:04 AM
Mark Cudmore Macro Strategist, Singapore
In my view, the long-term macro fundamentals for sterling were already very negative before this election. The critical issue from the vote is how it might shift the Brexit situation. And ultimately, that dynamic probably hasn’t changed too much.
We’re in a sweet spot of uncertainty for the U.K. How long will Theresa May survive as the Conservative Party leader? What does this result mean for Brexit negotiations?
All the "noise" will weigh on sterling in the short-term but have the fundamentals really shifted that much? No
Many investors will claim that, far from a strengthened mandate, whatever government represents the U.K. will now have reduced credibility when negotiating Brexit terms
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7:00:15 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Ed Balls, former finance spokesman for Labour, says he expects another election because it'll be very hard to negotiate Brexit as a government without a majority.
"The reality is you can't run the country on a none-of-the-above basis"
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6:59:33 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Meanwhile, the Tories have held what had been their only Scottish seat, Dumfriesshire, Clydesdale & Tweeddale. Scottish Secretary David Mundell returns with a slightly diminished majority, but still well over 9,000. He'll have competition for his job, now that the Tories have more Scottish MPS
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7:03:04 AM
Mark Cudmore Macro Strategist, Singapore
In my view, the long-term macro fundamentals for sterling were already very negative before this election. The critical issue from the vote is how it might shift the Brexit situation. And ultimately, that dynamic probably hasn’t changed too much.
We’re in a sweet spot of uncertainty for the U.K. How long will Theresa May survive as the Conservative Party leader? What does this result mean for Brexit negotiations?
All the "noise" will weigh on sterling in the short-term but have the fundamentals really shifted that much? No
Many investors will claim that, far from a strengthened mandate, whatever government represents the U.K. will now have reduced credibility when negotiating Brexit terms
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6:58:33 AM
Garfield Reynolds Markets Editor
GarfieldR1966
Markets are staying calm as it becomes clear that we have a hung parliament. While several analysts have forecast declines in the pound going forward -- I have seen $1.21 touted -- for now sterling is stuck between $1.27 and $1.28. Global bonds are flat; Asia-Pacific stocks are gaining, more or less, while U.S. equity futures are little changed.
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6:53:56 AM
Alex Morales U.K. Politics Reporter
AlexJFMorales
Stephen Crabb, the former Tory leadership candidate who held his Welsh seat earlier, says the government will have to be "balanced" and "pragmatic" on Brexit, and reach out to other parties.
"We need to be trying to forge as much cross party consensus on this as possible."