Open

Coming up

Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

More than half of French households will pay no income tax this year

Read more

MEDIAWATCH

#IceBucketChallenge and hashtag activism

Read more

DEBATE

Pakistan's Political Turmoil: Can Imran Khan's PTI Party Depose the Government? (part 2)

Read more

DEBATE

Pakistan's Political Turmoil: Can Imran Khan's PTI Party Depose the Government?

Read more

WEB NEWS

Web users taking on the "Ice Bucket Challenge" to fight ALS

Read more

FOCUS

Israel's minorities and military service

Read more

ENCORE!

Montreal Stories

Read more

DEBATE

Racism, riots and police violence: USA under scrutiny (part 2)

Read more

DEBATE

Racism, riots and police violence: USA under scrutiny

Read more

  • Ex-PM Juppé announces bid for 2017 French presidential race

    Read more

  • IS militants ‘behead’ missing US journalist in gruesome video

    Read more

  • Deadly airstrikes hit Gaza as ceasefire with Israel collapses

    Read more

  • Tentative peace in Ferguson despite second fatal shooting

    Read more

  • Suspected Ebola cases in Austria, new drug raises hopes

    Read more

  • WWII anniversary highlights best - and worst - of Paris police

    Read more

  • Headscarf at the beach sparks French MEP’s fury

    Read more

  • Iraqi army clashes with militants in Tikrit after retaking key dam

    Read more

  • Video: Life in under-siege Donetsk

    Read more

  • Racism, riots and police violence: USA under scrutiny

    Read more

  • ‘Let it be’: Londoners sick of Abbey Road tourists

    Read more

  • Australia to free children from immigration detention centres

    Read more

Europe

David Cameron takes over as Britain's new premier

Video by Aurore Cloe DUPUIS

Text by News Wires

Latest update : 2010-05-12

Conservative party leader David Cameron took over as Britain's prime minister Tuesday after being formally appointed to the post by Queen Elizabeth II. Cameron has begun forming a coalition including five Liberal Democrats in his cabinet.

REUTERS - New Prime Minister David Cameron's Conservatives and the smaller Liberal Democrat party struck an agreement on Wednesday to form Britain's first coalition government since 1945.

The agreement between the two parties, reached five days after an inconclusive election, ends 13 years of rule by the centre-left Labour Party under Tony Blair and his successor Gordon Brown.
 
The untested partnership will have to tackle a record budget deficit running at more than 11 percent of national output.
 
Markets welcomed the agreement, hopeful that a government led by the centre-right Conservatives will take swift action.
Profile: Who is David Cameron?
 
"This is going to be hard and difficult work. A coalition will throw up all sorts of challenges. But I believe together we can provide that strong and stable government that our country needs," Cameron said in his first speech as prime minister.
 
The Liberal Democrats were also celebrating after decades spent in the shadow of Labour and the Conservatives.
 
"There will of course be problems, there will of course be glitches. But I will always do my best to prove new politics isn't just possible, it is also better," Liberal Democrat leader Nick Clegg, who will be deputy prime minister, told reporters.
 
His party put its final seal of approval on the deal at a meeting that ended after midnight on Tuesday.

Cameron, a 43-year-old former public relations executive, took over as prime minister just hours earlier when Brown admitted defeat in his own efforts to broker a deal with the Liberal Democrats.
 
He is Britain's youngest prime minister in almost 200 years.
 
The Liberal Democrats have more in common with Labour in policy terms, but talks to form what the media called a "coalition of losers" swiftly fell apart.
 
Labour/Lib Dems, an uneasy coalition
Right-leaning British newspapers hailed the deal for ending uncertainty, but the left-leaning press pointed to problems ahead arising from ideological differences between two parties long seen as on opposite sides of the political spectrum.
 
"The coalition provides Britain with the stable government it needs at a time of economic peril," the Times said, while the Labour-supporting Mirror said "Deep-held grudges, mutual suspicion and opposing agendas will bedevil this cobbled together regime".
 
The Conservatives are the largest party in parliament after last week's election but fell 20 seats short of an outright majority. Combined with the Liberal Democrats, they will have a majority of 76 seats.

Osborne to be Chancellor
 
The prime minister's office said late on Tuesday there would be five Liberal Democrats in cabinet in total, including Clegg.
 
It did not name the other four ministers but there were reports Vince Cable, the well regarded Liberal Democrat Treasury spokesman, would have a role overseeing banking and business.
 
A Conservative source said the two parties had agreed to accelerate deficit reduction plans significantly. The focus would be more on cutting public spending than on raising taxes.
 
Another Conservative source said George Osborne, a close friend and ally of Cameron, would become the new Chancellor of the Exchequer (finance minister).
 
Some in the finance industry have expressed doubts about Osborne because he is untested and takes over an economy emerging from the worst recession since World War Two.
 
William Hague, a former Conservative leader and one of the main negotiators with the Liberal Democrats, will be foreign minister, and media reports said Liam Fox would be the new defence secretary.

Date created : 2010-05-11

  • UK ELECTIONS

    PM Gordon Brown presents his resignation to the Queen

    Read more

  • UK ELECTION

    Labour/Lib Dem power-sharing talks break down, UK media reports

    Read more

  • UK ELECTION

    Who will replace Gordon Brown as Labour Party leader?

    Read more

COMMENT(S)