Politics
There is currently 1 person viewing this thread.
These 745 comments are related to the topic:
Why was the next pm market closed and then re-opened?
Why was the next pm market closed and then re-opened?
sort by:
Show
per page
Replies: 745
|
By:
I have emailed the House of Commons the following:
Could you please let me know the current official position of the Prime Minister and who the government. Is Theresa May officially the Prime Minister? I shall post the reply here. |
|
By:
she is pm matty, she holds that position until she or someone else forms a government, so your email is pointless. The market is about who is the PM in the new govt.
|
|
By:
This is the new government, she resigned as PM when the election was called, as did all the other MP's. If she had lost her seat she wouldn't even have been in the commons let alone PM.
|
|
By:
Oops I may be wrong again, I'll need to do more research.
|
|
By:
Reply from Parliament
Thank you for contacting us. I can confirm that Theresa May is still the Prime Minister. The 'rules' on forming a government after an election are set out in Chapter 2 of the Cabinet Manual*. Where no party has a majority, and until a new Prime Minister is appointed by the Queen, the existing Prime Minister remains in office. The Cabinet Manual states that the incumbent should resign only if and when it becomes clear that they cannot command a majority of the House of Commons and there is a clear alternative government. As you will know, the results of the election mean that although the Conservative Party won the most seats, they did not win a clear majority of them. On 9 June 2017, the Prime Minister Theresa May visited the Queen to inform her that she would seek to form a Government. The Prime Minister has indicated that the Conservative Party intend to continue in Government by coming to some kind of cooperative arrangement with the Democratic Unionist Party. The details of the arrangement are still to be announced. In the past few days, the Prime Minister has appointed other ministers to her Government. You can find the details on the Government's website, at: https://www.gov.uk/government/news/election-2017-prime-minister-and-ministerial-appointments The first test for the new Government will be when the new House of Commons debates and votes on the Queen's Speech, which is now expected to delivered on Wednesday 21 June. The speech is normally debated over six days, with the votes now expected to take place at the end of the following week. *The Cabinet Manual is available to read at: https://www.gov.uk/government/publications/cabinet-manual I hope this reply is helpful. You can find more information on what happens after an indecisive election result, at: http://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7163 [NB the date of the Queen's speech has been deferred since the publication of this paper.] Yours sincerely Jean |
|
By:
If Betfair needed any more encouragement to keep the market open because of fears over her leaving 2 minutes later, they only need to replay her visiting the Grenfell Tower tragedy where she had the chance to show some humanity and meet the grieving residents but chose not to...a shocking own goal.
|
|
By:
Betfair have interpreted their rules that she needs to be a viable PM in practice which hasn't been tested yet rather than in name only as she is at the moment....that's the crux of it.
|
|
By:
well done matty...a very succinct summary
|
|
By:
That would good of the House of Commons people to send you a reply like that. And they did it very quickly too.
|
|
By:
Yes. We need more government like that
 |
|
By:
1.12 now. With no news!
|
|
By:
|
|
By:
Can't see how she stands down immediately. There has to be an Tory party members vote and that can't be done before queens speech vote etc. So she will still be PM.
|
|
By:
Corbyn won't be taking over. He's off to Glastonbury -http://www.telegraph.co.uk/music/news/hero-hour-jeremy-corbyn-speak-main-stage-glastonbury/
|
|
By:
^
to thank his core vote no doubt, probably be handing out free joints to all  |
|
By:
A few bits of info courtesy of the New Statesman:
Conservative leaders are easier to remove than Labour ones, owing to the former’s regicidal nature and less protective rules. Only 48 Tory MPs (15%) are required to trigger a confidence vote in a leader, who must resign if defeated. The rebels need only submit private letters to Graham Brady, the chair of the 1922 committee, and are guaranteed anonymity. + Even if a confidence and supply arrangement is reached with the DUP, only nine Tory rebels will be required to defeat the government (May will have a working majority of 17 once the seven Sinn Fein MPs [who do not take their seats], the Speaker and his three deputies are excluded). + The opposition needs a swing of just 1.6 per cent to become the largest party and one of just 3.6 per cent to achieve a majority. Were the government to lose a confidence vote, an early election would follow unless an alternative administration could be formed within 14 days. + all the many, many other various factors... which appear to be stacking up against May at a frankly alarming rate... === ????? Who knows? One thing is certain: I'm closing my position in this market ASAP! It's been edging ever closer to becoming an absolute nightmare for over a week now, and "enough is enough" - I'm out! |
|
By:
Think the drift is more to do with no deal over the weekend.
|
|
By:
Jeremy Corbyn at 17 now. What a joke.
|
|
By:
|
|
By:
If Tories were going to get rid, they would have done by now - nothing if not efficient in their knifing, that lot. They're keeping May for now. The only risk is no deal with DUP then DUP backing Labour but I still think my earlier calculations putting that chance in the several hundreds was about right.
|
|
By:
There is no chance whatsoever of the DUP backing Labour, or Labour having any interest in being backed by the DUP.
|
|
By:
|
|
By:
but she stays as leader and PM until the new tory leader is elected. She would have to literally walk out of no 10 and let someone take over on a temp basis until the tory leadership election.
|
|
By:
The only thing that is preventing me betting on May is that the market doesn't say it will voided if there is no government - the "next government" market says it will be voided.
|
|
By:
She is still 1/6 a certainty in most markets.
|
|
By:
A certainty 6 times out of 7 (minus commission!)
|
|
By:
Perhaps the Tories have finally realised that the only (or easiest) way they're going to discredit JC is by letting him rule...? Let the opposition botch the Brexit hot-potato (which, imo, is utterly impossible NOT to botch, by anyone). Give the battered & bruised Tories time to regroup, rebrand, reboot, reset, reinvent, and ultimately reinstall themselves...
Meanwhile... All hail the new messiah & saviour of the human race... JC ;) Just a shame his middle name isn't Harold!! ;p Seriously though, I suspect May could already be gone! (or it's imminent). We just haven't been told yet (for various reasons). It's possible that she doesn't even know herself yet! I can assure you of one thing though: May has had virtually ZERO actual involvement in the DUP talks. Do you honestly think they'd let her anywhere near those discussions!? A weak & wobbly walking-dead farcical leader_v_ some of the toughest, most experienced negotiators imaginable...? It's probably one of the reasons why nothing has been confirmed: they cannot possibly allow May to take any "credit" for something that she (a) hasn't achieved, when (b) she'll be GONE by Monday! etc etc PS Anyone see QT last night? Outraged Tory audiencebot: "I'll never vote for TM ever again!" DD: "I suspect you won't have to!" :D |
|
By:
Why doesn't she come out and fight, the complete idiot. She's just stood back and let Corbyn play the tune. Now they're Labour incited protests storming meetings, I bet the Labour fans would be well happy to see someone die in that so that they can blame her for that too. All she had to do was get on with things but she's helped to drag it all out.
|
|
By:
Despicable comment
|
|
By:
It's bad when in the "next leader to leave" market she is at 1.25 and has traded at 1.17. Farron is still in this market!!!
|
|
By:
@Jes1981, TM is quite literally in combat shock! I've seen that 1000-yard stare with my own eyes, many times before. It's unmistakable.
Heaven knows what extreme cocktail of medication she must (surely?) be on...?? I wouldn't be at all surprised if she suddenly had to step down for "medical reasons". Doctor's advice & all that, ya know? Would suit everyone, really. [DISCLAIMER: these are only my personal opinions!] I'm not talking through my book though - I'm still massively red on just about everyone except her :( Doh! |
|
By:
Can anyone explain to me by what method could the Tories be in power in a week's time but without May as PM (even as a temp waiting the election of a new Tory leader)?
|
|
By:
Assassinated.
|
|
By:
Can anyone explain to me by what method could the Tories be in power in a week's time WITH May as PM...!? ;)
|
|
By:
 |
|
By:
|
|
By:
some hammond action in the market I see
|
|
By:
Hmm, yes, that Hammond drive is interesting. Although, actually, everyone's odds have plummeted (even Davidson!?) ... except for poor old Boris! Lol. He must be seething...
|
|
By:
Gove must be w_nking himself rotten right now.
|
|
By:
squeaky squeaky bum bum
|