UK General Election Could Have 'Huge Implications' For Energy Firms

UK General Election Could Have 'Huge Implications' For Energy Firms
The surprise general election called by UK Prime Minister Theresa May could have huge implications for UK and European energy firms, according to Airswift Senior VP Ford Garrard.

The surprise general election called by UK Prime Minister Theresa May could have huge implications for UK and European energy firms, according to Airswift Senior VP Ford Garrard.

“This general election may come as a surprise to some, but the hope is that it will strengthen May’s support for Brexit. What we don’t yet know is how it will impact the Brexit process, immigration and employment law,” Garrard said in a statement sent to Rigzone.

“Any major changes in these areas could have huge implications for both UK and European companies, particularly in project-based industries such as energy, if they can’t get the right people, in the right place at the right time,” he added.

Commenting on the election announcement from the UK Prime Minister, Scotland’s First Minister and SNP leader Nicola Sturgeon said it was one of the most extraordinary U-turns in recent political history.

“It shows that Theresa May is once again putting the interests of her party ahead of those of the country,” Sturgeon said in an SNP statement.
 
“She is clearly betting that the Tories can win a bigger majority in England given the utter disarray in the Labour Party,” she added.

UK offshore union Unite’s Acting General Secretary Gail Cartmail echoed Sturgeon’s comments, saying that the prime minister had gone back on her word regarding an early general election.

“The country now has a choice between whether to vote for a Conservative party which is determined to pursue a hard, disastrous Brexit…or a Labour party which is presenting real, positive change based on a fairer economy,” Cartmail said in a union statement.

The UK general election is scheduled to take place June 8. 

A graduate in journalism from Cardiff University, Andreas has eight years of experience as a business journalist. Email Andreas at andreas.exarheas@rigzone.com

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