UK vote adds to uncertainty over tax and Brexit

Prime Minister Theresa May will form a government with the support of Northern Ireland’s Democratic Unionist Party to “provide certainty and lead Britain forward,” after the June 8 general election that May had hoped would deliver “strong and stable” government but instead produced a hung Parliament.

“This government will guide the country through the crucial Brexit talks that begin in just 10 days, and deliver on the will of the British people by taking the United Kingdom out of the European Union,” May said in a statement delivered in Downing Street June 9.

Businesses and tax professionals had been quick to voice concerns about added uncertainty in taxes, the economy, and the impact of Brexit.

May, widely considered to have conducted a disastrous election campaign, failed to secure a majority in the House of Commons. Read more:

My news story for Tax Analysts, June 9 (paywall)