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UK Prime Minister Rishi Sunak Calls Snap Election Amid Economic Challenges

Betting on recent economic improvements, Sunak sets a crucial election for July 4.

by Vishruti Soni
May 23, 2024
in World
Reading Time: 3 mins read
UK Prime Minister Rishi Sunak Calls Snap Election Amid Economic Challenges
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Prime Minister Rishi Sunak of Britain has announced a snap general election for July 4, pushing his struggling Conservative Party into a crucial battle to stay in power after 14 years of governance. Sunak’s unexpected decision, announced from a rain-drenched lectern outside 10 Downing Street, begins a six-week campaign that will determine the fate of the Tories amid growing public discontent and economic problems.

Political Turmoil and Recent History

The Conservative Party has experienced a turbulent few years, with four prime ministers in eight years and crises such as Brexit, the COVID-19 pandemic, and a severe cost-of-living crisis. The Labour Party, led by Keir Starmer, has maintained a strong lead in the polls for the past 18 months, making a Conservative defeat seem almost certain.

Sunak’s trust in economic recovery

Despite the tough odds, Sunak is betting on recent positive economic signs—like modest growth and the lowest inflation rate in three years—to boost his party’s chances. “Now is the moment for Britain to choose its future,” Sunak said, emphasizing the need to build on recent progress rather than revert to instability.

Analysts’ opinion

Political experts are doubtful about the Conservatives’ chances. Matthew Goodwin from the University of Kent suggested the Conservatives could face a defeat similar to their loss to Tony Blair in 1997. Although some recall the party’s unexpected victory in 1992 under John Major, the current situation seems less favorable for the Tories.

Loss of Key Voter Support

Since their landslide victory in 2019, the Conservatives have lost support from key groups, including young voters, traditional supporters in southern England, and working-class voters in the industrial Midlands and north. Scandals during Boris Johnson’s time in office and the brief, chaotic leadership of Liz Truss have further damaged the party’s image.

Sunak’s Tenure and Challenges

Sunak, who has been prime minister since October 2022, has had some successes, such as stabilizing financial markets and reducing inflation from 11.1 percent to 2.3 percent. However, critics say he has failed to present a clear plan for future growth, address NHS waiting times, or manage the flow of asylum seekers across the English Channel.

Starmer’s Labour Party

Keir Starmer has worked to reposition Labour as a centrist party, moving away from the more left-wing policies of his predecessor, Jeremy Corbyn. Starmer has focused on removing anti-Semitism from the party and aligning its economic policies more with the center. “We’ve changed the Labour Party and returned it once more to the service of working people,” Starmer said, urging voters to “stop the chaos” and rebuild Britain.

Timing of the Election

By law, an election was required by January 2025, but Sunak’s decision to hold it now seems driven by favorable economic news and a desire to capitalize on recent successes. However, the economic outlook remains uncertain, with inflation expected to rise again and the Bank of England likely delaying rate cuts.

Campaign Focus

The upcoming election will see both major parties focusing heavily on the economy. Sunak’s campaign will likely highlight recent improvements, like reduced inflation and economic growth, while accusing Labor of lacking a clear plan and being unprepared for global challenges. Meanwhile, Labour will argue that the Conservatives have mismanaged the economy, leading to instability and slow growth.

Public Sentiment and Election Outcome

Polls show Labour with a significant lead, but the outcome remains uncertain due to the many undecided voters. If Labour wins, Britain will see its sixth prime minister in eight years, a level of political change not seen since the 1830s.

Key Election Issues

Voters will elect all 650 members of the House of Commons, with the party securing a majority forming the next government. Besides Sunak and Starmer, other key players include the Scottish National Party, Liberal Democrats, and the Democratic Unionist Party, with the new Reform Party potentially influencing the results.

Economy: Britain faces high inflation and slow growth, making many feel poorer. Although the Conservatives halved inflation from its peak of 11.1 percent in October 2022, the economy entered a technical recession in late 2023, raising doubts about their policies.

Immigration: The issue of asylum seekers and economic migrants crossing the English Channel has raised concerns about border control. The Conservative plan to deport some migrants to Rwanda faces criticism for being inhumane and ineffective.

Healthcare: The NHS struggles with long waiting lists and delays in services, leading to public frustration over healthcare delivery.

Environment: Sunak has delayed environmental commitments, such as ending sales of petrol and diesel vehicles and approving new North Sea oil drilling, which critics argue undermines efforts to combat climate change.

As the campaign progresses, both parties will strive to address these concerns and convince voters of their vision for the future, making this one of the most important elections in recent British history.

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