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Citi says May’s premiership is not sustainable, UK to have another election within a year

Prime Minister Theresa May’s government is not sustainable beyond a few months and there is likely to be another British national election within the next year, Citi said in a research note.

“We continue to think that her premiership is not sustainable beyond a few months, perhaps a year at most, and will be under pressure in the face of contentious parliamentary votes from the very beginning,” Citi said.

“Our base case remains that we will have a Conservative leadership contest followed by a new general election within the next 12 months,” the bank said.

(Reporting by Guy Faulconbridge; editing by Michael Holden)

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