UK elections Conservatives look set for big win - ING

The research team at ING explains that the UK snap election gives PM May greater flexibility to get a transition period agreed, given the next vote won’t be until 2022.

Key Quotes

“A larger majority may also give her greater confidence to be more realistic/open with the public on the possible economic effects of Brexit.”

“But the road to Brexit will still be rocky…

The EU’s draft negotiation guidelines, and the fallout from a dinner between the Theresa May and Jean-Claude Juncker, suggest that both sides could hardly be further apart on their Brexit views.”

“We still think that a positive outcome for both sides is possible given the amount of trade and jobs that are dependent on it.”

“But there are many obstacles in the road: first of all, the size of the so-called “exit bill”.”