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It all felt very ‘1992’ this morning.
In that year nobody predicted success for John Major’s Conservatives; yet he won the general election of that year with a majority of 21 MPs.
Today, David Cameron exceeded the expectations of commentators and pollsters alike and has clocked up a majority of 12.
There will be no coalition agreements nor any supply and confidence arrangements. Indeed a reshuffle is taking place now:
So what does the future hold for commercial lawyers?
Here’s what has caught our eye in the Conservative Party manifesto.
And leaving the biggest policy to last (or 'Bully's Special Prize' as they might have said in Bullseye):
We will legislate in the first session of the next Parliament for an in-out referendum to be held on Britain’s membership of the EU before the end of 2017. We will negotiate a new settlement for Britain in the EU. And then we will ask the British people whether they want to stay in on this basis, or leave. We will honour the result of the referendum, whatever the outcome.”
No doubt, there’ll be more on these matters in the weeks and months to come.
We'll be keeping an eye on the Queen’s Speech for developments (due to take place on Wednesday 27 May). There’ll be more analysis at that time.
In the meantime, have a good weekend…
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