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Conservative Cameron takes over as British PM
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Conservative Cameron takes over as British PM
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LONDON
Tue May 11, 2010 4:49pm EDT
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LONDON (Reuters) - Conservative leader David Cameron took over as British prime minister on Tuesday and said he wanted to form a full coalition with the smaller Liberal Democrat Party.
World
Gordon Brown had resigned as prime minister earlier, ending 13 years of rule by his center-left Labour Party.
The center-right Conservatives won most seats in a parliamentary election last week but fell short of a majority. Labour came second and the Liberal Democrats a distant third.
Giving his first speech as prime minister, Cameron, 43, said he aimed to form what would be Britain's first coalition government since 1945. The exact shape of the new government was not yet clear and the Liberal Democrats had yet to give their final approval to the deal on offer from the Conservatives.
"This is going to be hard and difficult work. A coalition will throw up all sorts of challenges. But I believe together we can provide that strong and stable government that our country needs," Cameron said, his pregnant wife Samantha by his side.
Britain's sterling currency rose against the dollar and the euro as Cameron spoke. Markets had been impatient to see an end to the uncertainty thrown up by last Thursday's inconclusive election.
The BBC reported that George Osborne, a close friend and ally of Cameron, would become the new Chancellor of the Exchequer, or finance minister.
U.S. President Barack Obama called Cameron to congratulate him, the White House said.
Both the Conservatives and Labour had tried to win Lib Dem support to form the next government during five days of intense negotiations, but it became clear on Tuesday afternoon that Labour had lost and Brown would have to resign.
"I wish the next prime minister well as he makes the important choices for the future," an emotional Brown, 59, said earlier in front of the prime minister's residence at 10 Downing Street, flanked by his wife Sarah.
DEFICIT
First among Cameron's challenges will be how to reduce Britain's record budget deficit, which has raised fears that the country could lose its triple-A credit rating.
Financial markets favor a Conservative-led government because they believe it would move faster and harder to cut the deficit.
Brown, his wife and their two children briefly posed for photographers after his farewell remarks, before leaving Downing Street. Brown then went to Buckingham Palace where Queen Elizabeth accepted his resignation.
Shortly afterwards, it was Cameron's turn to visit the queen, who formally asked him to form a government in her name. He went straight from the palace to Downing Street to deliver his speech.
Details of what the Conservatives and Lib Dems had agreed have not yet been made public. Both negotiating teams were due to report back to their legislators and party colleagues later in the evening.
The two parties will have to endorse any deal agreed by the negotiating teams.
(Additional reporting by Michael Holden, Peter Griffiths, Mohammed Abbas, Adrian Croft, Keith Weir and Tim Castle; writing by Estelle Shirbon; editing by Andrew Roche)
World
Comments
See All Comments (6) | Post Comment
May 11, 2010 2:43pm EDT
Good result. Nick Clegg might have done better had he given a narrative for his party instead of just attacking the “old politics.” His best argument is that Labor is worn out and have been in there entirely too long and is the wrong party to deal with the needed cuts in budget, but that the Tories, with their policy of ending inheritance taxes and cutting taxes for the wealthiest Britains, is totally out of touch. The Lib Dems are in the progressive center and can be trusted to do what is necessary in a fair way. Well, maybe next time.
cummings01
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May 11, 2010 2:43pm EDT
Good result. Nick Clegg might have done better had he given a narrative for his party instead of just attacking the “old politics.” His best argument is that Labor is worn out and have been in there entirely too long and is the wrong party to deal with the needed cuts in budget, but that the Tories, with their policy of ending inheritance taxes and cutting taxes for the wealthiest Britains, is totally out of touch. The Lib Dems are in the progressive center and can be trusted to do what is necessary in a fair way. Well, maybe next time.
cummings01
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May 11, 2010 2:45pm EDT
Good riddance to all the left of center governments.
DanStlMo
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May 11, 2010 3:14pm EDT
Thank God Labour is out .
bojimbo26
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May 11, 2010 3:26pm EDT
A great shame. At least eh Lib Dems will act as a restraining force.
pasaremos
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May 11, 2010 4:42pm EDT
One socialist down, one to go.
GRJensen
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