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Posts from the ‘Politics’ Category

Local Council Elections Results: Is Britain going BlueKip?

Just 35 days before the UK General Election the Conservative had their best local government election’s result in years. They recorded 558 gains with labour losing 328 and UKIP being almost annihilated to 1 seat from 114. UKIP claimed to be a victim of their own success after last year’s Brexit Referendum. This was cited as one of the main reasons for holding a General Election to provide a stronger mandate to negotiate for the EU exit deal. Surely the domestic economy’s tax and spending plans should be a higher priority manifesto consideration as Brexit is now only for the negotiators as it’s over as a concern for voters (Irish Mirror, 2017).

The UKIP vote may well have collapsed as a result of a drift back to the Conservatives of Conservative leaning EU Leave voters. However the wide ranging losses across all parties, including even a modest drop in SNP councillors in Scotland, projects a majority of 48 approx. for the Conservatives in the June 2017 election. Pundits predict solid gains even in Wales and Scotland.

The SNP with 431 seats remained the party with the largest amount of councillors in Scotland. The Conservative are now the opposition with 276 and Labour trailing 3rd with 262. It must be noted that the Conservatives gained seats in Shettleston, a poorer area of Glasgow, and Cowdenbeath in Fife. This has been taken as positive proof of a Conservative revival under Ruth Davidson’s leadership.

Whether the momentum can be kept or lost will play out over the next few weeks. However by the result posted for last week’s council elections it spells out that Ruth Davidson’s political fortunes are in the ascendant. The SNP is still bent on a 2nd Independence Referendum will face criticism on their record in government. Yet it’s highly likely they will return by far the most Scottish MPs back to Westminster on the 9th June. It’s going to be interesting how many Conservatives join them?

As for the UK result as a whole this blog’s prediction is for a Conservative majority of 75 on the night although this blogger thought Remain would win and Trump wouldn’t so may we live in interesting times…….or perhaps a new Centrist Party?

LDC

References:
Irish Mirror; (2017); “Who won the 2017 local elections in my area? Detailed results for mayoral votes and all 88 councils”, by Dan Bloom, MGN Ltd. Website accessed: Mon. 8th May 2017.

http://www.mirror.co.uk/news/politics/who-won-2017-local-elections-10359007

BBC News; (2017); “Full Scottish council election results published” Scotland: Politics, UK. Website accessed Mon. 8th May: http://www.bbc.co.uk/news/uk-scotland-scotland-politics-39846268

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2016: Goodbye to All That Nonsense and Hello to 2017

I’m looking forward to seeing the back of 2016.

However it’s not particularly as an investor that I’ll be glad to see the start of 2017 but as a voter. I have voted 5 times since 2014 in elections for EU, UK and Scottish parliaments, 1 Scottish referendum and in June 2016 the Brexit referendum. It has been the latter that has seemed to matter the most and it has caused all the political upset although markets have been benign about the result so far except with currency markets against Sterling. Unfortunately that does matter as prices are rising and inflation will creep back in to the UK RPI figures as 2017 progresses.
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Brexit and the Philippines’ President Duterte “Harry” Show the US Has Problems With Key Allies Doing the Unexpected.

Before the UK’s referendum on leaving the EU in June 2016 plenty of world politicians advised the British to remain most prominently was the current US President Barack Obama warning the UK would be, “at the back of the queue,” in any future trade negotiations with the US if it choose to leave.
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Sow the Seeds and Scatter: Will UK Farmers Reap What Profits They Sow in A Post-Brexit Britain?

Harvest thanksgiving services in many rural parish churches were for centuries well attended events in the church calendar which celebrated the harvest had been successfully gathered in for another year and the prospect of famine and poverty avoided.
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Brexit – Well That Wasn’t Meant to Happen But There’s Democracy For You.

The cliches maybe old and tired but they usually contain an element of truth this time on what happens now in UK politics – it’s anyone’s game, all is possible, the cat is out of the bag and who knows what tomorrow brings or the worst possible outcome of all would be cry havoc and let slip the dogs of war as Europe has often witnessed, and recently too with Bosnia in 1990’s and Ukraine now although on the EU periphery it’s geographically part of Europe.
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Brexit: The Great Tory Tear up and Why Britain is Better Bumbling Along.

The polling cards have been delivered and the debate is at large for the referendum on the United Kingdom remaining or leaving the European Union on the 23rd June 2016.
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Building a Wall to Stop Immigrants is the Last Piece of Infrastructure the USA Needs.

Republican Presidential Nominee apparent for the 2016 election (unless the Republicans can depose him at their convention) Billionaire property tycoon Donald Trump as part of his electioneering bravado has promised to construct a wall along the Mexican border to stop illegal immigrants from entering the US.
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Out and Proud with Ruth: Has the Tory Tide Turned in Scotland?

The election result was never in doubt in the May 2016 Scottish Parliament elections it was more about who came in second place. The governing SNP won the election easily with 63 out of the 129 seats only 2 short of an outright majority although losing its parliamentary majority did take the shine off an otherwise good result again for the SNP.
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What kind of a billionaire would you be?

US Republican nominee frontrunner Donald Trump appears at the moment to be the billionaire who has both the magic and the pong touch. He appeals to a section of disaffected voters across America, yet causes dismay and bemusement elsewhere. However, with his comments on whether women should be punished for abortion or not he has, bluntly put, handed Democratic front runner Senator Hilary Clinton a big club to beat him with.
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Corbyn’s Secret War Yet Public Disarray.

The Labour party is in trouble and HM Opposition isn’t functioning properly. In an autumn statement where the UK Chancellor George Osborne announced U-turns on tax credit reform and public spending budgets including the police and with cash for military spending too. The Labour party had a golden opportunity to attack and ridicule the Conservative government for its change of heart and to question the soundness of their economic policies and assumptions for future growth.
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