United Kingdom lawmakers back prime minister's call for June 8 election

"I will be asking the British people for a mandate to complete Brexit and to make a success of it", the Conservative leader said, to cheers from her lawmakers sitting behind her.

Delivering the latest jolt in Britain's year of political shocks, Prime Minister Theresa May called Tuesday for a snap June 8 general election, seeking to strengthen her hand in European Union exit talks and tighten her grip on a fractious Conservative Party.

Labour and the much smaller opposition Liberal Democrats said they would vote in favour of the early election, all but guaranteeing her decision will be approved. Elections are now set for 2020, just a year after the scheduled completion of Brexit talks.

British lawmakers voted by a resounding 522 to 13 on Wednesday to back Prime Minister Theresa May's call for a snap election on June 8.

If May doesn't secure the two-thirds majority she needs then the only remaining means of holding an early election available to her would be MPs passing a no-confidence vote against her leadership.

"If you look at the timetable, had the election been in 2020 we would have been coming up to the most crucial part of the negotiations, at the end of the negotiations, in what would be starting to be the run-up to a general election".

The remaining 27 European Union countries will be asked to endorse Tusk's guidelines at a summit on April 29. UKIP leader Paul Nuttall accused May of putting party politics ahead of the national interest - but the party now does not have any MPs in the House of Commons.

John Drinnan: When does plain talk become hate speech? .

Dealers said the pound's nearly 4-cent surge in the previous session, half of it in USA trading time after London dealers had gone home, had likely cleared out a large portion of the record bearish bets against the currency that have dominated trading since the Brexit referendum last June.

If the election is approved Wednesday, Parliament will be dissolved on May 2, sparking nearly six weeks of campaigning.

Against a backdrop of raucous cheers and jeers, May called Corbyn "not fit to lead" and said his left-wing economic policies "would bankrupt this country".

Analysts from other major banks and investment houses for the moment seem to largely discount other potential post-election scenarios, like a surge for the pro-EU Liberal Democrats that could derail May's plans.

"The Prime Minister talks about a strong economy, but the truth is most people are worse off than they were when the Conservatives came to power seven years ago". TV debates don't have a long history in British politics, but were a feature of the last two elections, in 2010 and 2015.

While the vote increases uncertainty in the short term, traders think that the expected resounding victory by May's Conservative Party could help the prime minister face down critics - both within her ranks and the opposition - in upcoming Brexit discussions.

"I believe in campaigns where politicians actually get out and about and meet the voters", he said.

Senior Liberal Democrats have already "confirmed" to The Telegraph that Blair "could" strike an alliance with Lib Dem leader Tim Farron and lead a joint campaign against Brexit at the general election.

  • Zachary Reyes