By Vivek Dubey
CNBC-TV18.com
Published May 23, 2024
– Britons vote to leave the EU, causing a global shock. – David Cameron resigns, and Theresa May becomes the new prime minister.
– Theresa May calls a snap election to strengthen her majority for Brexit legislation. – The Conservatives lose their majority and form a government with the Democratic Unionist Party.
– May resigns due to parliamentary deadlock over Brexit. – Boris Johnson, a pro-Brexit campaigner, becomes the new Conservative leader.
Johnson’s “Get Brexit Done” campaign wins the biggest election victory since 1987.
– Johnson drives a Brexit deal through parliament, and Britain exits the EU. – The impact of the deal is delayed until after a transition period.
– Scandals and missteps lead to Johnson’s resignation after a ministerial revolt.
– Liz Truss becomes prime minister but lasts only 44 days. – Her “mini-budget” with unfunded tax cuts spooks financial markets.
– Rishi Sunak pledges to restore stability to government. – He focuses on the economy, migration, and healthcare.
– Sunak, trailing in polls, calls an election for July 4.