By Vivek Dubey
CNBC-TV18.com
Published May 23, 2024
- Britons vote to leave the EU, causing a global shock. - David Cameron resigns, and Theresa May becomes the new prime minister.
- Theresa May calls a snap election to strengthen her majority for Brexit legislation. - The Conservatives lose their majority and form a government with the Democratic Unionist Party.
- May resigns due to parliamentary deadlock over Brexit. - Boris Johnson, a pro-Brexit campaigner, becomes the new Conservative leader.
Johnson’s “Get Brexit Done” campaign wins the biggest election victory since 1987.
- Johnson drives a Brexit deal through parliament, and Britain exits the EU. - The impact of the deal is delayed until after a transition period.
- Scandals and missteps lead to Johnson’s resignation after a ministerial revolt.
- Liz Truss becomes prime minister but lasts only 44 days. - Her “mini-budget” with unfunded tax cuts spooks financial markets.
- Rishi Sunak pledges to restore stability to government. - He focuses on the economy, migration, and healthcare.
- Sunak, trailing in polls, calls an election for July 4.