Premier hopes for stability with UK’s new PM

| 11/07/2016 | 9 Comments
Cayman News Service

Premier Alden McLaughlin in the LA

(CNS): Premier Alden McLaughlin has said the quick leadership change in the UK will bring a “semblance of certainty and stability” for the British overseas territories (BOTs) as well as Britain and help “move along the process” of Britain leaving the European Union. In the wake of Monday’s announcement that Theresa May will be the new leader of the Conservative party and by default the prime minister, Cayman’s leader was clearly hopeful that the news would help address the ongoing uncertainty.

But most pundits believe there is a very rocky road ahead for Britain and Europe, both politically and economically, that will have global implications.

Although May has broad support within the Tory party in parliament and across the membership, there is very likely to be mounting pressure in the coming weeks for her to call an election in the UK to secure her position nationally. However, the leadership issues in the Labour Party in the wake of Brexit, which is likely to lead to a bitter fight, may distract the opposition from mounting a serious campaign to pressure government into an early election.

Even if there is no general election, the coming months will be far from certain or stable in Britain, as May begins talks with the leaders of the European Union nation states to extricate Britain from its 43-year trade, economic, social and political relationship with Europe, which will have an impact in Cayman and other territories.

McLaughlin said he was looking forward to the Joint Ministerial Conference in London in October and “discussing matters of common interest between the UK and the Cayman Islands and the way forward as we embark on this historical change in world politics”.

He also appeared confident that May would follow in the steps of her predecessor, David Cameron, whom McLaughlin described as being a “true friend to the overseas territories and crown dependencies”, after he publicly stated that the BOTs should not be considered tax havens.

“We also appreciate his defence of the Cayman Islands and other overseas territories at the recent anti-corruption summit in London,” the premier said. “We appreciate the work Mr Cameron did to support us and look forward to working with Ms May and the new government,” he added as he offered his congratulations to the new UK leader.

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Category: Local News, UK, World News

Comments (9)

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  1. Anonymous says:

    She doesn’t believe climate change is real. She’s an idiot.

  2. Anonymous says:

    Alden’s resignation would give more credibility to the Cayman Islands.

  3. Ann Obzerva says:

    What??? The BOTs should not be considered tax havens? Why not? That’s what they are! If it weren’t for them, we would still be trying to sell coconuts.

  4. Sharkey says:

    Why would the premier be concerned ? Blair was a good friend who looked after the over seas territories , why do you always depends on friends ? The premier job , is the leader of Government business in the Government . So then you have to be a leader and be able to do without depending on friends . You should know by now that politics is a dirty job , but it can be done clean .

    • Ann Obzerva says:

      Sharkey says, “Politics is a dirty job , but it can be done clean.”

      True, but it isn’t!

  5. Unison says:

    Uk lord: “Seeing what’s happening here and the stock market, I best hide my pounds in the Cayman Islands” …

    [sipping coffee and holding a royal biscuit in his hand]

    “I would like to add that such claims that Cayman is a tax haven is blimey preposterous!!!” :o/

    • Anonymous says:

      Unison, stick to ranting about homosexuals. It is funnier that your attempts at comedy.

    • Anonymous says:

      Hey Lunison, read the latest FTSE results, they’re up and rising. Sterling was overvalued anyway and was due a decline. Let not facts get in the way of arrogant bigotry.

      • Anonymous says:

        So true so many people in this country ran from the colonial collapse around the world I guess we will soon see more coming after they brexit mother country. Telling us how much we need them where were they between 1700 & 1983.

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