Does the UK election outcome clear any Brexit fog? - Spanish market responds

Eugenia Jiménez
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Does the UK election outcome clear any Brexit fog? - Spanish market responds

Since Boris Johnson won the UK general election sealing a landslide majority on the 12 of December, reactions from world leaders and professional investors have not stopped happening.

The Tory leader secured his position as the UK prime minister, leading the Government and holding more than a half of the seats in the House of Commons.

The Tory party won 365 seats (a 47 seat increase) out of the 650 seats of the UK Parliament.

Labour, meanwhile, gained 203 seats, losing 59, a defeat described by leader Jeremy Corbyn as "very disappointing" for his party. Following the election outcome, he announced he would not be leading the Labour party into the next general election.

The Liberal Democrats only won 11 seats, with leader Jo Swinson losing her seat in East Dunbartonshire, while the SNP (Scottish National Party) took 13 seats more, ending up with 48.

Meanwhile, European Union leaders welcomed Johnson's victory but called for swift ratification of the Brexit deal.

Charles Michel, European council president, told reporters at a summit of EU leaders in Brussels last week: "It is important to have the clarity as soon as possible. We are ready. The EU will negotiate to ensure to have a close cooperation in the future with the UK."

On the other hand, Czech prime minister Andrej Babis, warned: "He won and now they will leave, unfortunately. That is bad news for Europe."

Eugenia Jiménez
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Eugenia Jiménez

Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as Italy.