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Report: Johnson's Tories likely to secure majority in UK general election

U.K. Prime Minister Boris Johnson's Conservatives looks set to secure a parliamentary majority in the upcoming Dec. 12 general election, Bloomberg News reported, citing five senior figures from the ruling party and the opposition Labour Party.

The officials, who Bloomberg said are familiar with high-level discussions in their parties about the potential outcome of the election, believe Johnson's pledge to "get Brexit done" was gaining support from Labour's traditional strongholds in northern England. That is likely to translate to a Tory majority of between 20 and 35 seats in Parliament, according to the report.

As all candidates running under the Tory roster have pledged to vote in favor or Johnson's withdrawal agreement with the EU, a potential majority could mean that Brexit may happen by the Jan. 31, 2020, deadline, Bloomberg said.

Berenberg Economics said in a Dec. 6 note that the U.K. could expect economic growth "to far exceed the European average" well into 2021 if Johnson and the Tories win, citing the increased likelihood of an orderly Brexit and a Conservative-backed stimulus package by spring 2020.