🔒 Tory turmoil: Recent by-election losses cast shadow on Rishi Sunak, Conservative Party’s future – Martin Ivens
The UK’s ruling Conservative Party faces a grim outlook after losing two once-secure seats in recent by-elections.
The UK’s ruling Conservative Party faces a grim outlook after losing two once-secure seats in recent by-elections.
In the turbulent landscape of the UK Conservative Party, internal divisions are laid bare as dissent simmers over Prime Minister Rishi Sunak’s leadership.
Martin Ivens say that the Tories’ reluctance to invest in infrastructure and regulate the industry effectively has led to a dire situation.
Former Chancellor Rishi Sunak, who warned that Liz Truss’s economic plans for Britain were a “fairy tale,” will take over the world’s sixth-biggest economy at a time of deep financial and political turbulence.
His candidacy would be a dramatic twist even in a period of unprecedented chaos in British politics since the 2016 Brexit referendum. Truss herself is set to become the shortest-ruling prime minister in British history when she formally steps down next week.
Some traders said markets will be volatile until a replacement is named, and any new leader will struggle to fix the UK’s weak economy and double-digit inflation.
Truss resigns as UK PM after a chaotic tenure that saw her announce a package of tax cuts before unwinding most of it in the face of a market rout.
British voters have sent a strong message to their political leaders: They don’t want the “hard” Brexit proposed by Prime Minister Theresa May.
The latest national polls suggest Theresa May could be on course for the sort of House of Commons majority enjoyed by Tony Blair and Margaret Thatcher as she seeks a mandate for her Brexit strategy.
Theresa May’s Conservative Party held the Parliamentary seat vacated by her predecessor, David Cameron, in the new premier’s first electoral test.