British Prime Minister Theresa May is due to make an unexpected statement in Downing Street, triggering speculation that she plans to call an early election.
They led to a large, but ultimately temporary bump in the polls for then Liberal Democrat leader Clegg.
"The heightened risk of a harder Brexit shifts the risks to our long-term outlook slightly to the downside", he said. The May's motion for the election will need the support of 2/3 of the Members of Parliament to go into effect. "We have at this moment a one-off chance to get this done. before the detailed talks begin", said May in a policy U-turn that caught everyone off-guard. Both opposition parties are supporting the call for elections.
Sterling hit its highest level since early February on Tuesday after Prime Minister Theresa May called for the United Kingdom to hold a snap general election. The Conservative Party has a slim majority in Parliament, but May is betting they'll gain seats.
European Union negotiators have been concerned that division over Brexit among voters - and within May's own party - could make it harder to agree terms before March 2019 to ensure an orderly British withdrawal.
For all that politicians and political reporters obsess over process issues and consistency, most voters don't.
May said Tuesday that the divisions in Parliament explained her change of heart on an early election.
In response to May's refusal, Corbyn tweeted: "If this general election is about leadership, as Theresa May said this morning, she should not be dodging head-to-head TV debates".
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As Conservative chairwoman in 2002, she made waves by suggesting the Tories were seen as "the nasty party" and needed to overhaul their image - something that they did under Cameron's leadership.
But the stronger pound helped push Britain's main share index to close down 2.3 percent, its biggest one-day loss since June 27, days after Britain voted to leave the EU.
"We expect to have the Brexit guidelines adopted by the European Council on 29 April and, following that, the Brexit negotiating directives ready on 22 May". Cameron, who promised the referendum in his party's 2015 election manifesto, campaigned for Britain to remain part of the EU.
Polls give May's Conservatives a double-digit lead on Labour. But the election still carries risk for May, with voters' potentially wary at being asked to go to the polls again, less than a year after the European Union referendum. "You need to vote Liberal Democrat". "She's taking people for granted already and voters never like that".
What role will UKIP play in this election, especially after the European Union referendum? "If you want to avoid a disastrous hard Brexit".
The Queen will likely open the new Parliamentary session in mid-June after the election is over and a new government has been formed. But after passing the Article 50 Bill with a massive majority, today claimed she "reluctantly" changed her mind because the Lib Democrats, Labour, and the House of Lords were trying to disrupt Brexit. At least two said they would not run.
If all goes to her plan, the snap election in seven weeks will tighten her grip on power with a broader majority.