Saturday, June 10, 2017

Mayday Mayday, Or Theresa Maybe! British PM's top aides are quitting in major Political shakeup in UK

First, Theresa May is the current PM in the UK. She is not resigning, as the Conservatives party’s grip on the UK government slipped in a recent major election. Theresa May has been the Prime Minister for the past 11 months, in the United Kingdom. A 'hung parliament' is the main result in the last UK general election, which happened four days ago. The major cities in England are losing confidence in the government, as the Conservative party won less than 50% of the seats in the UK region. Today, Theresa May lost two of her top aides when Nick Timothy and Fiona Hill announced their dual resignation. Nick served as the chief of staff, under Theresa May for the past 11 months. Fiona served as the Joint Chief of Staff at 10 Downing Street, for the past 11 months. Both of them helped Theresa May on a daily basis, to shape May's political agenda before the shocking UK election result. Now, the world is wondering 'can Theresa May weather the new political storm, as many of her supporters have turned into major detractors?' The UK election could mean a softer 'BrExit'; or could the UK will their way back into the European Union somehow. The mandate of 'Brexit' is in trouble, and the hung parliament means that Northern Ireland and Scotland, Wales; will see changes in leadership soon. Theresa May has contacted Northern Ireland’s Democratic Unionist Party in order, to get enough votes to govern. After the UK general election results, the Foreign Secretary Boris Johnson; and Brexit secretary David Davis will keep their roles in Theresa's minority government. Also, Chancellor Philip Hammond; Home Secretary Amber Rudd; and Defence Secretary Michael Fallon will retain their roles in the new minority government. How does all of this news change the exchange rates, between the US Dollar and the Great Britain Pound? One GB Pound is exchanging/converting to $1.275 US dollars. The GB pound remains one of the few currencies, which exchanges into a weaker foreign US dollar. One Euro is equivalent to $1.12 US dollars. Can the Euro and the US Dollar have a 1:1 monetary ratio one day? It would be incredible to see the 1 GB Pound equal to $1.10 US dollars. In the end, the British citizens that live in different countries (US, France, India, Australia, etc.) have become deprecators of the UK and their governmental decisions. Nine months ago at Universal Studios Hollywood, a tour guide and myself were chatting about the UK government for handful of minutes. The informative tour guide mentioned that Theresa May is called 'Theresa Maybe' in many wealthy parts of London. He mentioned to me that Theresa May received this moniker due to her inconsistent governmental decision making. As a final statement, US president Donald Trump has lent his support to Theresa May. How will the rest of the world, including the EU and other European countries feel about May in the upcoming months of 2017? It is a probing question, with many various answers. Enjoy the image above of each political party, from the recent UK general election results.

1 comment:

H.R.A. said...

hahahaha- nice word play - perhaps you can "call me *maybe*"