After all the political ping-pong and backroom wrangling, we finally have a new Government headed by a new Prime Minister to head up a new agenda. Must be similar to the previous financial initiatives for the markets are breathing a sign of relief but it’s too early to tell. Just glad to have finally seen the back of McDoom.
Replacing the Kirkcaldy Kid in No.10 is the chinless PR King of Vagueness, David Cameron with his rather adorable wife Samantha, finally securing the British Premiership Title of Politics. Not without the help from the Liberal Democrats of course, who have had more important meetings in the last week than the previous two decades combined.
Isn’t democracy grand?
Reuters. Tue May 11, 2010 10:16pm BST
Conservative leader David Cameron took over as prime minister on Tuesday and said he wanted to form a full coalition with the smaller Liberal Democrat Party.
Gordon Brown had resigned as prime minister earlier, ending 13 years of rule by his centre-left Labour Party.
The Conservatives won most seats in a parliamentary election last week but fell short of a majority. Labour came second and the Liberal Democrats a distant third.
Giving his first speech as prime minister, Cameron, 43, said he aimed to form what would be Britain’s first coalition government since 1945. The exact shape of the new government was not yet clear and the Liberal Democrats had yet to give their final approval to the deal on offer from the Conservatives.
“This is going to be hard and difficult work. A coalition will throw up all sorts of challenges. But I believe together we can provide that strong and stable government that our country needs,” Cameron said, his pregnant wife Samantha by his side.
The sterling rose against the dollar and the euro as Cameron spoke. Markets had been impatient to see an end to the uncertainty thrown up by last Thursday’s inconclusive election.
The BBC reported that George Osborne, a close friend and ally of Cameron, would become the new Chancellor of the Exchequer, or finance minister.
U.S. President Barack Obama called Cameron to congratulate him, the White House said.
Both the Conservatives and Labour had tried to win Lib Dem support to form the next government during five days of intense negotiations, but it became clear on Tuesday afternoon that Labour had lost and Brown would have to resign.
“I wish the next prime minister well as he makes the important choices for the future,” an emotional Brown, 59, said earlier in front of the prime minister’s residence at 10 Downing Street, flanked by his wife Sarah.
DEFICIT
First among Cameron’s challenges will be how to reduce Britain’s record budget deficit, which has raised fears that the country could lose its triple-A credit rating.
Financial markets favour a Conservative-led government because they believe it would move faster and harder to cut the deficit.
Brown, his wife and their two children briefly posed for photographers after his farewell remarks, before leaving Downing Street. Brown then went to Buckingham Palace where Queen Elizabeth accepted his resignation.
Shortly afterwards, it was Cameron’s turn to visit the queen, who formally asked him to form a government in her name. He went straight from the palace to Downing Street to deliver his speech.
Details of what the Conservatives and Lib Dems had agreed have not yet been made public. Both negotiating teams were due to report back to their legislators and party colleagues later in the evening.
The two parties will have to endorse any deal agreed by the negotiating teams.
(Additional reporting by Michael Holden, Peter Griffiths, Mohammed Abbas, Adrian Croft, Keith Weir and Tim Castle; writing by Estelle Shirbon; editing by Andrew Roche)
So for the next six months, looks like we’re going to have to suffer more EU dictates, more increases in tax and the introduction of the Big Society. Hopefully, such actions will shake the sheep out of our fellow Lions and the next opportunity, maybe vote out the degenerates once and for all.
Vote the same, get the same.
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