time is running out to reach a divorce deal. ahead fornt presses its plans for an october referendum. begin in the u.k.. theresa may well seek permission from the queen to form a government. her high-stakes gamble is meant to reinforce her mandate for a hard brexit has backfired. won most of the seats, but they have fallen
short of the number of seats for a governing majority. votes -- all of the the opposition party has taken 217 seats. standing by in london is benedict. theresa may's spokesperson has said she will not be resigning. what is her next move? , when she made her acceptance speech and was reelected in her own constituency, she made clear she was not going to be resigning, that the country needed stability. her next move, she will be shortly leaving 10 down a street and making her way -- 10 downing the queen will meet
and say she can form a new government. in order to do that, she has 318 mps. we are waiting for one more seat that is close, here in kensington. they get 319? they are short of the 326 majority. she will need others and the others she is looking at is the democratic unionist party in northern ireland, who obtained 10 seats. we expect a press conference from them early afternoon. they have already made clear no formal agreement. any talk of a formal agreement is premature. thes watch a she goes to palace and perhaps she will convene a cabinet meeting. one of the big criticisms of theresa may and the way she ran the election campaign and the
way she runs government, it is being criticized today. .he is not collegial it will she try and consult her cabinet? we will see. some of the challenges facing theresa may as she tries to form a government? >> i apologize for the sound. we have a helicopter above us, watching everything here, as we are next to parliament. can you repeat the question? >> what are the challenges facing theresa may? is how long the .overnment lasts is it a government for now? will there be another election in the autumn? challenge is the brexit
negotiations or due to start in 11 days. what is going to happen there? up isow the do you p -- d pro-brexit, but will it alienate people in her own party? there was talk she was going to get rid of her chancellor, who has been strangely absent. we expect the major posts, like home secretary, the chancellor, and the foreign secretary to be announced by the end of today. us a big clue as to if she is building consensus. ministermaged prime whose authority is being
challenged. >> thank you. heading for a hung parliament, one of only four in its history. the most recent was in 2010 when the conservatives formed an alliance with the liberal democrats. what does a hung parliament detail? .> 326 seats that was the number needed for a majority in the house of commons. a goal that was not reached by one party friday. now that theresa may's party has lost their majority, they are facing a hung parliament. what is that? clearo one party has a majority and loses the ability to form a new government. a hung parliament does not mean theresa may gets the boot right away. she may resign, but she may also thato woo other parties
would bring them to the needed 326 seats. that is where things get complicated for the prime minister. parties may be unwilling to form an alliance. theresa may will likely seek out the help of two parties in ireland. if that does not work and may resigns, what happens next? be up torbyn would bat. he might be able to form a coalition with smaller parties. an alliance that would put the brexit issue front and center at the debate. donald tusk has urged britain not to delay talks, warning that time is running out to reach a divorce deal.
weighting hasid made the negotiations more uncertain. >> it could change a certain number of things. we will have to wait for the results. theresa may has lost her confidence, so she is in a cop located situation. what will the dynamic be like within the conservative party? what will it be like for the labour party? we have a political situation that is more open. the european commission and its negotiator are ready to open talks. story, our on this european affairs editor joins us. lots of uncertainty surrounding brexit. how might election results impact negotiations that start in 10 days? init probably will not start 10 days. this is the worst result for the brexit negotiations.
brussels, they wanted a prime minister that had a strong backing in the house of commons because there are so many policies and legislature that will have to be pushed through during those talks. as we were hearing in brussels, we don't know when those talks will start. we do know when the deadline is. if the u.k. does not have a deal on the table in terms of its future relationship and how it will leave the european union, they could leave with nothing, back to the world trade with all the trades and tariffs. that, was where you had the big divide between the two big parties across the u.k. both parties said they would
respect the results of the brexit referendum. theresa may wanted a hard brexit. she repeatedly said to leave with nothing is better than a bad deal. jeremy corbyn said we want to remain friends with the eu. we are leaving the eu, not europe. brussels'his work in favor? give them more leverage? click you have something unique on an eu level. you have a 27 heads of state united, when it comes to these brexit negotiations. remaining to be seen when those negotiations get underway. it puts the u.k. government and theresa may and a weaker position. she called these snap elections
by saying she needed a stronger mandate, a stronger parliament. she has lost that. earlier, talk of her trying to form a coalition with the party from northern ireland. , butcampaigned for brexit they want a soft brexit. they want to keep trade ties with the eu. most people say they want it, the problem is how that gets put into place is a question. questions remain that need answering. other world news. the cattle and regional government has chosen october 1 as the day for referendum on a split from spain. previouslyent has said it will not allow the vote it considers to be
unconstitutional. is --ay the negotiation ote is nothe v negotiable. they were promised they would get a binding referendum. in 2014, they held a symbolic vote using volunteers to help people vote around catalonia. the spanish government has already reacted. we have heard from the deputy prime minister and she said they can make as many announcements as she likes, referring to the catalan nationalists. the big question is, what will the spanish government do to stop it?
could apply article 155 of the constitution that allows the spanish government to suspend the powers of an autonomous region. they could start to seek measures against civil servants that cooperate. some are always worried they they face consequences if are forced to open up schools for this vote. >> do they want to break away? how do the spaniards feel? of n -- a lot of them better ifey could do they were an independent country. shere is a lot of catalan
that feel spanish. a lot of poor workers moved here to work. if you look at the opinion polls, 49% of people are against independence. catalans would vote for independence. it looks as though a majority of them would favor a vote. it looks as if the barcelona government are going to remain for some time yet. >> sarah morris in madrid. japan's parliament has paved the way for its first imperial abdication. monarch shocked
the country last summer -- 83-year-old monarch shocked the country last summer when he said he desired to leave the throne after three decades. grilled by the senate intelligence committee thursday. comey testified for more than two hours. comey was fired last month, and made a number of explosive allegations, namely that he was given the boot in a bid to undermine the fbi's pressure probe and that moscow did interfere in last year's election. from trump, but rather a speech. >> we are under siege. you understand that. bigger ande out better and stronger than ever. you watch. personal lawyer defended
his client in a statement. >> mr. comey's testimony makes clear the president never sought to impede the investigation into attempted russian interference in the 2016 election. >> some democrats were unconvinced. the president did appropriate? i don't see how anyone can look at the facts and say yes. of trump's party rally behind him, such as paul ryan. why he was so frustrated when the fbi director told him three times there is no investigation of him, yet that speculation was allowed to continue. >> the russian investigation has a way to go. >> you are watching live from paris.
british prime minister theresa may will seek permission from the queen to form a new government. hinges on al future hung parliament after the conservative party fell short of an outright majority in general elections. how does this bode for upcoming brexit negotiations? time is running out to reach a divorce deal. the cattle land government catalonianthe government presses ahead with a vote that spain declares unconstitutional. the shock election result has thrown britain into uncertainty days before it is set to begin. how are the markets reacting to the news? tank 2% toish pound
a two-month low on the surprise exit polls. bitpound has recovered a and has a strong showing that points to a softer slowing. european stock markets are trading and positive territories. for more on the markets, we can cross to jasper. surprise election outcome, the city 100 is in the 0 is in thee citi 10 green while sterling took a hit. >> good morning. -- given the shot nature of this election result. by the time the cash market
opened, it opened in positive territory. it is purely a currency reflection. the ftse 100 is a lot of multinational companies, not dependent on the british economy. firms, the fact that they are foreign earnings, they will be worth more. it means it is a net policy for their earnings outlook. it is clear companies like , that has large foreign earning space is doing well. homebuilders, they are faring the worst. it is a currency effect there. been talking about a hung parliament. is it the worst scenario for the markets perspective? >> probably from a brexit
perspective. it makes kicking off the negotiation next week a bit unlikely while the government is forming. clouds the brexit outlook. perspective, there are two waze theresa may can interpret brexit after this result. she could air on the softer side err onould -- she could the softer side [indiscernible] it is a bit uncertain what this eventually means for the brexit perspective. probably, if you are talking about the future of the british economy, probably a labor victory would have been the more shocking result and a hung parliament is probably better than that. >> thank you for bringing us the
latest. thank you to our guest, as well. >> thank you. >> time for our press review. onset, to go over the latest results of the shock the election. >> the keyword in several papers shockking about exit poll for theresa may. a cheerful looking jeremy corbyn. shock on the front page of the conservative paper. shock for may as these polls point to a hung parliament. another keyword's gamble and how
it failed. you can see that on the front page of the times. s big gamble fails. they talk about how the gamble backfired, leaving her black and blue, perhaps after a toxic match or something like that. of the economist, a gamble gone wrong. gamble and shock are the keywords today. >> this was not the outcome she was expecting. jeremy corbyn has calls for her to step down. what does this mean for the future of the prime minister? >> it is certainly mayhem. how the. talks about city is scrambling to make sense of this electoral mayhem with a ayday.ent pun -- mad
the knives are out for theresa may. this is bad, worse than bad. the campaign was catastrophic. senior conservatives complained that the campaign was centered around a cult of personality. blown up in our face. >> catastrophe, disaster, how does this bode for brexit negotiations? >> it is very uncertain. if you look at this article, they are looking at what a week theresa may will mean for these brexit negotiations. according to the economist, mean a predict this will hard brexit. the activity we were seeing with the pound. it slumped after the polls came out. commentatorsother -- they complain opposite ways.
perhaps it will be a softer brexit. it is unclear what is going to happen with the negotiations. the clock is ticking. several high-profile politicians lost their seats. >> the guardian has a good summary of the winners, losers, and survivors. clegg.gest was nick the deputy prime minister. he lost his seat after 12 years, to a labor -- a member of the labour party. an opinion piece by lucas kaminsky, saying good riddance, nick clegg. younger generations believe in the labour party. on twitter, people said they were disappointed. cleggid he was sad nick lost his seat.
>> lots of papers are focusing on the importance of the vote in this election. >> it might explain the humiliating result for the conservatives. a survey was carried out amongst a thousand young people. they turned out to vote. if you look at the 18 to 24-year-olds, a majority of them voted for labour party. the independent is talking about this. peace, perhaps. young people were called snowflakes and fools during the selection campaign. now we have been back. they're looking at the phenomenon in the difference between how young people and older people vote. divide ist political age. it is bigger than brexit,
class. >> younger people will turn to social media to vent their frustrations. postse social media looking? >> an ocean of tweets. i had to pull out a selection. i like this tweet getting a lot of attention. this is gary linacre, saying i won owneresa may has goal of the season. saying she did not need to hold these elections. one is from an american, molly knight. can theresa may can mean a snap election in the united states? i am just asking. >> thank you for taking us through what is buzzing in the media. if you would like to watch the buzz review again, head to our website.
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