The best of a bad bunch?

The best of a bad bunch?

The best of a bad bunch? The thoughts of Gilt Edge.

 

A snap election called by Theresa was a shock to the system after the Easter break. On reflection, her timing is very sensible. The Conservatives were ahead in the polls and have themselves suggested there is not much of an opposition to their winning. One of the first surveys by ComsRes had the Conservatives ahead of Labour by 21 points. This is the greatest lead any Conservative party in power has had since 1983 and the largest of any party since 2009. Many Labour supporters will disagree as Jeremy Corbyn is exceeding expectations and closing the gap consistently week on week, with figures from four major polls reducing the gap to between 9 and 13 points.

 

If polls were repeated on 8th June the Conservatives would have the biggest gap in terms of the share of the vote since Tony Blair’s victory at the 1997 election.

 

UKIP seem to be the most at risk party. They have seen their share of the vote reduce dramatically, whilst the rejuvenated Liberal Democrats have manufactured their manifesto around them being the only credible opposition party.

 

We have already seen the campaigning turning both sour and personal, with the Conservatories remarking that the opposition are nothing more than ‘mugwumps’ (Boris Johnson speaking of Jeremy Corbyn). This petty name calling does nothing but cause disdain amongst voters who see the election campaigning as nothing more than childish, immature individuals who we fear letting loose running our country.

 

So, who will the electorate chose?

 

Some polls suggest the Conservatories are continuing to extend their lead over Labour to a sizeable majority, whilst others show Jeremy Corbyn narrowing the Tory lead with each passing week. With campaigning now in full swing, the rhetoric from each party is being viewed as the same old promises, none of which are extremely exciting and are at most thought provoking due the lack of funds in the government coffers. Any manifesto promises that could be bring a tinge of excitement are reviewed sceptically by the public, with many asking is how will the UK electorate pay for these changes?

 

How will Sterling react?

 

The decision to hold an election saw the pound rise against both the US dollar and the euro. Sterling prices soared to six month highs, although still lower compared to the average for 2016.

 

 

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