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Starting from Wednesday evening, the United Kingdom is set to have a new Prime Minister – Theresa May. David Cameron has announced that he will be relinquishing his position later this week as Mrs May has clinched the Conservative party elections after Andrea Leadsom announced this morning that she is out of the race.
The leadership position of Theresa May is welcomed by the markets and the period of uncertainty which was set to continue into September was avoided for now. But what has really changed for the United Kingdom with the election of the new conservatives leader? How is the ... (read more)