May could lose majority in United Kingdom parliament: YouGov study in The Times
- Author: Zachary Reyes Jun 01, 2017,
Jun 01, 2017, 4:53
The general election is scheduled for June 8th, and it appears that the Jeremy Corbyn is playing catch up with the Conservative party in the wake of the release of the respective "election manifestos".
But May insisted she had the best plan for taking Britain into negotiations over its exit from the European Union, which start 11 days after the election.
"You really can't run a portfolio around poll results", said Eric Moore, a portfolio manager at Miton Group, who added he had not changed his portfolio much and remained wary of United Kingdom consumer stocks. May could then be out as prime minister and a more hard-line Brexit supporter put in charge.
"This is just a snapshot based on data from the past seven days and people can and do change their minds in the closing days of a general election campaign". But her Conservative Party remained on 43 percent according to a survey conducted by Survation for ITV's Good Morning Britain programme, seeing their lead drop as support for Labour rose 3 percentage points to 37 percent.
In stark contrast to opinion polls that have until the past week shown May on course for a big win in the snap election she called, the YouGov model suggested May would lose 20 seats and her 17-seat working majority in the 650-seat British parliament.
The Times said YouGov acknowledged that its predictions were controversial and allowed for a wide margin of error.
Corbyn on Wednesday did not rule out forming a coalition or doing a deal with the Scottish Nationalists and others to get into government in the event of a hung parliament.
The Calculus had the majority at 100 until the most recent polls were accounted for.
Among equities, commodity-related stocks, usually also beneficiaries from a weak pound, suffered as a supply glut and selling by Chinese speculators spurred the sharpest rout in iron prices this year.
"There is a slightly more cautious attitude as a result of those narrowing polls", said Michael Hewson, chief market analyst at CMC Markets. May was interior minister from 2010 to 2016.
Rebutting questions from journalists during a visit to factory workers in Bath, southwest England, May denied she was scared of the scrutiny.
"It's actually about getting out and about, meeting voters and hearing directly from voters".
"Debates where the politicians are squabbling among themselves doesn't do anything for the process of electioneering".