U.K. Election Delivers New Variable for Uncertain Global Economy

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New York Times

LONDON — In a global economy amply stocked with anxiety-provoking variables, Britain just added another.

An election designed to bolster the government’s mandate instead yielded fundamental confusion over who is in charge as the nation prepares for fraught negotiations in its pending divorce from the European Union.

Prime Minister Theresa May had called the election on the assumption that her Conservative Party would emerge stronger, solidifying her negotiating position. Instead, the electorate’s stunning rebuke of her leadership all but guarantees a period of unpredictable political jockeying, intensifying uncertainty about future commercial dealings across the English Channel.

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