June 9, 2017 / 4:27 AM / 2 years ago

Britain may need to ask for delay to Brexit process - JPMorgan

The sun rises over the Houses of Parliament in London, Britain June 9, 2017. REUTERS/Hannah McKay

LONDON (Reuters) - Britain may have to delay Brexit talks in the absence of a majority for Prime Minister Theresa May’s Conservative Party, JPMorgan said on Friday.

With no clear winner emerging from the parliamentary election, a wounded May signalled she would fight on, despite being on course to lose her majority in the House of Commons.

“Perhaps the most obvious conclusion is that the likelihood of the UK needing to request a delay in the Brexit process has risen substantially, given the chance that political developments in the UK disturb what is already a time-compressed process,” said Malcolm Barr, economist at JPMorgan, in a research note.

Reporting by Andy Bruce; editing by Guy Faulconbridge

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