News ID: 193088
Published: 0727 GMT May 19, 2017

Citibank: May to win UK election

Citibank: May to win UK election

British Prime Minister Theresa May is likely to win a majority of 104-190 seats in the June 8 election, Citigroup said.

"Prime Minister Theresa May called early elections on 8 June to boost her mandate and win time to implement her version of 'hard-but-smooth' Brexit," the global bank said in a research note published on Friday, AAP reported.

"National polls, experts' analyses and our own constituency-level simulations suggest that her bet should pay off."

Citibank added that it saw no signs that May was moving towards a so called "Singapore-upon-Thames" deregulated low-tax economic model.

As she packed her manifesto for next month's general election, May warned that Britain will face “dire consequences” if it does not secure a clean departure from the European Union, Telegraph reported.

The prime minister said that if the Tories win the general election, her government would “not seek to fudge this issue – to be half-in and half-out of the EU”.

She committed the Tories to taking Britain completely out of both the single market and the customs’ union, and cutting net immigration into the UK to fewer than 100,000 a year, something she failed to do in her six years as home secretary.

The strength of the commitment in the manifesto will make it very hard for the House of Lords, where the Tories do not have a majority, to frustrate her Brexit plans when they are voted on by peers.

May said that securing the best deal for Britain outside the EU was the single most important challenge facing her government over the next five years.

Brexit is listed as one of five "giant challenges" in the conservative manifesto, alongside the economy, social divisions, an ageing society and technology.

May said: “Make no mistake, the central challenge we face is negotiating the best deal for Britain in Europe.”

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