David Cameron, Prime Minister

May 12, 2010

So, we’re in uncharted waters on the very edge of a recession. Is that a good thing or not? We certainly needed something to change after the cock-up of the last 5 years, but Labour haven’t been all bad.

Well, at about twenty past seven last night, Gordon brown officially tendered his resignation to the Queen, who dutifully accepted. Less than 90 minutes later, David Cameron was walking out of Buckingham Palace, officially Britain’s new Prime Minister.

Given that the Conservatives didn’t win an overall majority in the election, the government will be made of a “full and open” coalition between the Conservatives and the Liberal Democrats, headed by Nick Clegg. Mr Clegg is officially the Deputy Prime Minister, a role that was accepted by the Queen herself.

Both parties have had to bend and compromise in this coalition, some being almost strictly against their priorities and standards. But a partnership is a partnership. Some of these are the referendum of the voting system (which will go ahead), a cap on immigration (which will go ahead) and an agreement not to join the Euro during the premiership.

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Euro Exchange Rate Forecasts on a regular basis

Posted by Fred | Filed Under London Events