Market Talk – November 22, 2024
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 257.68 points or 0.68% to 38,283.85 • Shanghai decreased 103.21 points or -3.06% to 3,267.19 [...]
May Forms Government To Retain Power in Britain
Britain’s Prime Minister Theresa May has at last secured a governing majority in the UK Parliament by agreeing to spend £1 billion on top of £500 million previously promised to Northern Ireland. Of course the stability of the May government going forward will be delicate as Jeremy Corbyn does his best to bring down the May government and seize control for Labour.
The deal with the Democratic Unionist Party (DUP) will provide its 10 members to back May’s minority government over the Queen’s Speech. This will relate to the national security of Britain and maintain Brexit. Theresa May made the public statement:
“I welcome this agreement which will enable us to work together in the interest of the whole United Kingdom, give us the certainty we require as we embark on our departure from the European Union, and help us build a stronger and fairer society at home.”
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