This is remarkable example what happens to living standards and overall country’s economy when populism wins. We can only guess how long would that take for the British Economy to recover. Meanwhile, I would assume that millions of lives would be put on hold because now it is required to forget about prosperity and near term bright future for quite some time.

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British Prime Minister Theresa May stunned her country Tuesday by calling a for a snap general election to be held in less than two months’ time.

Her announcement caps a bruising year for the United Kingdom, coming only 10 months after the country’s “Brexit” vote to leave the European Union that ushered in May’s own leadership.

Tuesday’s statement delivered outside the prime minister’s formal residence came as even more of a surprise because the prime minister has repeatedly ruled out calling an unscheduled election.

Moving forward the vote from its scheduled date in 2020 will require parliamentary approval — something that appeared likely given the immediate backing of several opposition leaders.

Image: Theresa May attends the Sovereign's Parade at  Britain's Royal Military Academy Sandhurst
British Prime Minister Theresa May attends the Sovereign’s Parade at Britain’s Royal Military Academy Sandhurst last week. Paul Grover / Pool via Reuters

At a hastily arranged press conference outside Number 10 Downing Street, May accused opposition political parties of trying to hinder the Brexit negotiations. She said she wanted to increase her political mandate to drive through the two-year divorce from the E.U.

May’s right-of-center Conservative Party rule by a slim majority of lawmakers in the British parliament but currently enjoy a years-high lead of 21-points over the left-wing opposition Labour Party.

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With the PM calling a general election for 8 June, here’s YouGov’s most recent voting intention
Con – 44%
Lab – 23%
LD – 12%
UKIP – 10%

“Our opponents believe that because the government’s majority is so small that our resolve will weaken and that they can force us to change course. They are wrong,” she said. “They underestimate our determination to get the job done and I’m not prepared to let them endanger the security of millions of working people across the country.

She accused opposition parties of “political game-playing” that will “risk our ability to make a success of Brexit” and “cause damaging uncertainty and instability to the country.”

She added: “So we need a general election and we need one now. Because we have at this moment a one-off chance to get this done,” referring to the Brexit negotiations.

May backed the campaign to remain in the E.U. — the losing side — but has vowed to honor the popular vote and lead the U.K. through two tough years of negotiations to exit the 28-member trading bloc.

Labour is led by anti-establishment socialist Jeremy Corbyn, who has drummed up record membership among core supporters but is accused of not engaging with the wider population or providing a strong opposition to the government.

While Corbyn was also pro-Remain he was criticized for his lukewarm backing during the referendum.

Corbyn said he welcomed May’s decision to “give the British people the chance to vote for a government that will put the interests of the majority first.”

“Labour will be offering the country an effective alternative to a government that has failed to rebuild the economy, delivered falling living standards and damaging cuts to our schools and NHS,” he added, referring to the U.K.’s huge National Health Service. Visit NBC News to read more.

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