The British Vote In Stability But Will They Actually Get It?

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As upheavals go, the massive victory of the Labour Party over the long-ruling Conservatives was relatively sedate — apart from all the yelling from the losers, mostly directed at each other. Perhaps it was because it was largely foretold by opinion polls. They had been broadcasting Armageddon for the Tories since Prime Minister Rishi Sunak announced the July 4 elections on May 22. With at least 412 out of 650 seats, it’s the biggest majority for Labour since Tony Blair’s 1997 victory took the leadership from Conservative Prime Minister John Major. Sunak’s party won only 121 contests. Former Prime Minister Liz Truss (infamously in office only 49 days amid invidious comparisons to a head of iceberg lettuce) lost her parliamentary seat. While in Downing Street, she spooked the bond market with her attempt to foist unfunded tax cuts on the country, as John Authers reminds us. Several former Tory cabinet ministers also lost their contests. (See more analysis of the election in our livestream.)