Stock market futures in US down 2.5% after hours.
Am I wrong or is Canada really going to get it at both ends. Your stock market/economy is somewhat tied to ours, and England is a big trading partner
Maybe you can get the Governor General to petition the Queen or something. There has to be some crazy byzantine long-forgotten procedure to petition the monarchy to issue some kind of obscure royal decree.
I've been strongly eurosceptic for the past decade since hitting an age where I became interested in politics. I studied economics and have always believed there was a strong case for leaving the EU. But even as I walked down to the polling station I wondered if I was making the correct decision so despite many people being entrenched in there views (I've spent the last ten years trying to convince people leaving the Eu was a good idea, long before it became a popular idea) lots of people will still have been open to change if the campaigns had been fought in the right ways. Unfortunately both sides used scaremongering, exaggerated and mislead the voters.
Most of these voters had made their mind up and it didn't matter how the politicians acted. This whole Labour need to get their vote out crap is indicative of how the politicians have just not got the foggiest about the voters. Yes there were undecideds but most of them would have been "shy" Leavers who didn't want to get argued with for not being on the hipster's choice.
thinking politicians were going to sway these people was ridiculous. The Torys got a majority because leavers wanted a referendum yet UKIP still got 4m votes. It was obvious that most people on the leave side had already made up their minds.
Cameron could leave and call a conservative leadership vote, or announce a successor or he could announce a new election, however with fixed term governments it isn't quite that straight forward.
If Cameron calls an election it will be a spiteful payback. He lied to get the job, then turned europhile. If he is a conservative (which most conservatives don't think he is) he will pass the mantle and bow out gracefully. If not he will prove he was Blair MkII as we all expect.
He definitely shouldn't call a GE while UKIP have their little moment i.e. now. Need to wait and let people cool down, realise they got what they want and vote for a normal party.
I don't see how or why Cameron could call a quick election. I could see a situation where the Cabinet agree to start the process of repealing the Fixed Term Parliaments Act so an election can be called once a Conservative leadership contest is completed but that's about it.
That's the practical reason, there's also the question of what the point would be of Cameron leading the party into ANOTHER election.That's why I said he couldn't just call an election
Though I believe there is possibly an emergency clause in the act somewhere that is possibly able to be enacted? I'd have to look further into it, but otherwise as you say it would require the act to be repealed.