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Briferendum Series: Key political updates 2

Political updates are a must watch for anyone, who has following the UK referendum and trying to gauge its impact. Largely, the future economic path will depend a lot on what kind of relation the U.K. maintains with the European Union. And to analyze that there are no other ways but to follow the political happenings.

Our take on the happenings are highlighted.

  • Polish embassy has issued condemnation for the xenophobic attack on a polish community center. If the xenophobia escalates, similar treatment may be faced by British citizens working in the EU. A hostile European people to Britons is in nobody’ interest.
     
  • European leaders are meeting in Brussels in their post-referendum summit. Cameron is attending his last summit. The outcome is likely to define the path for both the UK and the Union.
     
  • Poland has blamed Brussels for the referendum outcome. Has called for a fresh approach and a new treaty. A change in approach and additional concession can make way for a second referendum in the European Union.
     
  • Labour leader Jeremy Corbyn is facing immense pressure to step down. His deputy has called for his resignation, however, good news for him is that public service union, Unison has backed him.
     
  • UK independence Party (UKIP) has rejected any possibility of early election saying that it will not support any attempt to muddy the water to avoid an exit.
     
  • David Cameron has called on his business advisory group to meet with on Thursday to learn and discuss business priorities in an exit negotiation.
     
  • According to conservative party committee, a successor to David Cameron likely to be found by September.
     
  • George Osborne, UK chancellor of exchequer warned that country will be poorer if it leaves the European Union and at the same time he is suggesting his stay or candidacy or something of that sort by saying, “I will do everything I can to make it work for Britain in the weeks and months ahead. He may not be in great position to become the Prime Minister.
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