In a preliminary round to elect the next leader of the ruling Conservative Party and and PM, saw Boris Johnson take 114 votes, a vote that eliminated 3 of the 10 candidates for the position. In second place was Jeremy Hunt at 43 votes. This is an elimination process that will, in the end, find a new leader for the Conservative Party. The next round takes place on Thursday, 18 June with a winner expected to be announced on July 22.
The eurosceptic Johnson has said that he will take Britain out of the EU, the EU has said it will not re-negotiate the deal. Our view is that the the EU will punish any country that does not follow the narrative, that does not walk in lock-step with Brussels. The upcoming battle between “remainers” and “leavers” in parliament will likely intensify with Boris Johnson pushing for the UK to leave the EU while battles rage.
Whoever becomes the next Tory party and prime minister will face a divided Parliament in office. The three candidates who were eliminated failed to get, according to rules, the required 17 votes from colleagues sitting in Parliament in secret ballots. They were Andrea Leadsom, Esther McVey and Mark Harper. At least for now, Boris Johnson seems to be the front runner but things can change quickly in London politics.
Note that the EU will be focused on an open and punishing battle with Britain as it wants to send a clear message to any country that tries to leave – expect economic hardship when leaving the European Union. Britain will pay for Brexit!