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Boris Johnson

Dec 15, 2019, 06.38 AM IST

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BORIS JOHNSON

Boris Johnson heads north to celebrate crushing election win

Johnson's campaign mantra to "get Brexit done" and widespread unease with the leadership style and socialist policies of opposition leader Jeremy Corbyn combined to give the ruling Conservatives 365 seats in the House of Commons, its best performance since party icon Margaret Thatcher's last victory in 1987.

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  • The Conservatives have taken a string of former Labour strongholds, with Labour having lost seats in the north of England, Midlands and Wales in areas that voted to leave the EU in the 2016 referendum. Johnson, who won his own seat in London's Uxbridge and South Ruislip, hailed the projected win for his Conservative Party as a “powerful new mandate”.

    Prime Minister Boris Johnson’s Conservative Party has won a thumping majority of seats in Britain's Parliament - a decisive outcome to a Bre...

    British Prime Minister Boris Johnson looks set to return to 10 Downing Street with a comfortable majority and a victory for his “Get Brexit ...

    Johnson, 55, who vigorously campaigned on a simple slogan "Get Brexit done," vowed that he will work "flat out" to repay the trust of the voters after the Conservatives' most emphatic majority since the 1980s under Margaret Thatcher.

    Incumbent United Kingdom (UK) Prime Minister Boris Johnson’s Conservative Party secured a majority in the House of Commons. The party has cr...

    The 55-year-old was driven to Buckingham Palace for his audience with Queen Elizabeth II for the formal government formation protocol as the final results tally handed him a solid 80-seat majority - the party's largest since 1987 under Margaret Thatcher.

    For Johnson, whose brief tenure in power has been marked by chaotic scenes in parliament and stark division on the streets over Britain's tortuous departure from the European Union, the victory in Thursday's contest is vindication. Johnson called the first Christmas election since 1923 to break what he said was the paralysis of Britain's political system.

    Nifty50 continues to show bullishness as it heads towards the 12,100 level.

    Johnson’s win laid to rest concerns about Labour leader Jeremy Corbyn’s radical plans to nationalise swathes of British industry and impose onerous rules on business, such as handing workers as much as 10% ownership in companies. Still, for many companies Brexit remains a worry, and executives urged Johnson to take his time and strike a business-friendly deal with the EU.

    With or without an agreement, Britain is scheduled to leave on January 31. Though many EU leaders are relieved that the Brexit saga is finally coming to an end, more than three years after Britons voted to leave, just as many are saddened at the departure of such a heavyweight member state.

    In what is being pegged as a very close election that could go down to the last vote on polling day on Thursday, the model that accurately predicted the outcome in the last election in 2017 reveals that unlike some of the previous surveys, the Conservatives can no longer be guaranteed a majority.

    Ajay Bodke, CEO & Chief Portfolio Manager at Prabhudas Lilladher said the victory essentially means a divorce is certain as the electorate has weighed in favour of exit strategy enunciated by Boris Johnson. With the untangling of mess, the market will heave a sigh of relief but it also creates another set of problems, he added.

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