With the postponement of Brexit date, the British Parliament, which decided early elections, held the third general election in the last four years. The turnout was 67.3 and according to the Sky News unofficial results, the Conservative Party led by Johnson get the 43.6 of the votes and came to power in the UK.

This election was somewhat considered a Brexit referendum. Johnson won the majority he needs to ‘get the Brexit done’. According to the unofficial results, the Conservative Party won 364 seats out of 650 seats in the parliament and exceeded the projections of the polls.

Looking at the losing side of the election, the Labor Party led by Jeremy Corbyn suffered a major defeat against the Conservatives. The Party got 32.2 percent of the votes in the election and the number of seats in the parliament declined from 262 to 203.

General distribution of the votes for the other parties.

  • Scottish National Party: The Party won 3.9 percent of the votes and increased the number of seats it had from 35 to 48.
  • Liberal Democrat Party: Dem. increased their share by 4.2 percent and got 11.5 percent of the votes, yet the number of seats they had declined from 12 to 11.
  • Brexit Party: The Party did not attend the election in the regions, where Tories are in lead and tried to steal the votes of the Labour Party. It gained 2% of the votes, yet couldn’t win a seat in the Parliament. The Party’s purpose was to get the Brexit deal voted ‘yes’ by the Parliament, so we can say that they achieved in giving support to the Conservative Party.
  • Others: 8 percent of the votes and 23 seats in the Parliaments, shared among the other parties.

First Remarks About the Tory Majority;

  • According to the unofficial results, the Tories won the majority in parliament and Johnson said that the people of the UK gave power to the Conservative Party and they will get the Brexit done.
  • Jeremy Corbyn, the leader of the main opposition Labour Party said in his first statement that he would not step down as party leader in the next election.
  • U.S. President Donald Trump first congratulated Johnson. He said that the UK and the United States would have the freedom to make a big and new trade agreement after Brexit.
  • Charles Michel, President of the Council of the European Union, congratulated Boris Johnson on his election victory and said that the EU is ready to negotiate in close cooperation with Britain.
  • The Vice President of the European Central Bank Luis de Guindos said that there is a positive development in terms of reducing uncertainties in the election results.
  • The international credit rating agency Moody’s stated that the Conservative majority in parliament will lead to Brexit, but challenges such as budget risk, low productivity will continue if serious policy changes are not achieved.
  • German Chancellor Angela Merkel said that the road to Brexit is clear now.

The early election in the UK was important both for UK citizens and global markets. Because we are aware that the reason why this election held is Brexit. Although there have been uncertainties among the markets in whether Brexit will include a deal or not, Johnson made the Brexit deal passed the Parliament, where his party won the majority. With the Brexit deal, the UK may stay within the Customs Union within the scope of certain rules and conduct foreign trade operations with other countries in a more flexible way.

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