Prime Minister, Allen Chastanet, has asserted that the snap election call in the United Kingdom creates a certain amount of stability.
Chastanet told reporters that Prime Minister Theresa May, who announced a June 8 poll, has obviously seen an opportunity and has made her government’s position very clear.
“There was a lot of skepticism as to whether in fact after the referendum she would have proceeded, so she made the announcement that she was actually going to proceed – she has actually now triggered Article 50 at the EU to indicate that England is going to proceed with extracting itself from the EU,” the Saint Lucia Prime Minister said.
Chastanet said having an election now gives a very clear mandate to her government which creates stability.
He noted that on Tuesday morning the pound strengthened.
“For Saint Lucia to be more competitive in the UK market, we need to see a pound of around one fifty to one sixty – that will drive not only arrivals into Saint Lucia but our real estate market,” the PM asserted.
He said anything England can do to strengthen confidence in the UK is a good thing.
“I think having an election at this time when she only has a minor majority in the house will certainly, hopefully give her the leeway to be able to push more aggressively what she is attempting to do,” Chastanet said.