Theresa May called a snap General Election from the steps of Downing Street this morning, expected to be held on Thursday 8 June, if approved as expected by parliament tomorrow.
In order for there to be an election, the Prime Minister will require two thirds of MPs to support the motion – that’s 434 MPs.
For UK life science companies the coming weeks are a period of further political uncertainty as policy proposals like the Government’s Industrial Strategy and the Life Science sector’s response to it, are formally put on hold for the period of the General Election campaign.
Similarly any further clarity or certainty on the UK’s approach to Brexit will have to await the outcome of the election – and only then become the focus of a debate with the European Union.
General Elections are also an opportunity – and the BIA will use this period to ensure that the role of, and key issues to, our sector are given a prominent voice as each of the parties prepare their manifestos. We will also provide timely commentary on the process itself, and insight into the party positioning on issues relevant to our sector through the campaign to members – starting in Newscast next week.
As with any election there are likely to be changes of personnel, new and retiring MPs, and at least some, or perhaps full scale, change in Ministerial lineup. We will use our Parliament day in July to ensure our members are comprehensively engaged with the new parliament and government within weeks of its establishment.