Despite their bitter disappointment at losing their majority, the Tories should celebrate this fact. In 2015 David Cameron secured 11.33 million votes – 36.9 percent of all votes cast. In 2017 Theresa May got 13.66 million votes or 42.5 percent. So Theresa got 2.3 million more votes than Call-Me-Dave. (Not quite as good as John Major's 14.1 million votes in 1992 – the largest electoral mandate in UK history – but not bad either.)
Another 70 votes and Mrs May might actually have made it (Kensington – Labour majority of 20; Perth- 21; Dudley – 22…).
What happened this election is that we reverted to a two-party system, with Labour getting 40 percent – an astonishing achievement by Mr Corbyn: many more votes than Tony Blair's victories of 2001 and 2005. And the Tories took 13 seats in Scotland. Indeed, this new Tory government – assuming it will be working with the DUP – has significant representation in all parts of the UK, which is good news for Unionists.
But Mr Corbyn has much more to celebrate than Mrs May. And there is one thing that comes out of the numbers which suggests that they now have momentum towards a future victory…
by Zak Mir| Trading| 1 mins. to read I was keen enough to attend a presentation of URU Metals (LON:URU) earlier this year when the shares were trading above 4p. The question now with the stock below 2p is: What are the technicals saying?
by Robert Stephens| Equities| 5 mins. to read Since the EU referendum on 23 June 2016, the pound has weakened significantly versus a basket of major currencies. For example, it is down 15% versus the dollar, and by 14% versus the euro.
by Zak Mir | Trading | 1 mins. to read It has been a rather rough ride to say the least for shareholders of Ncondezi Energy (LON:NCCL). The question now is whether or not recovery is finally in the air.
by Nick Sudbury | Funds | 6 mins. to read The Personal Assets Trust (LON:PNL) is one of the best defensively orientated investment trusts on the market and it has just released its annual results for the year ended 30th April.
by Robert Stephens | Commodities | 4 mins. to read The election result has plunged the UK into a period of significant political uncertainty. There have been calls for Theresa May to resign, and there is the potential for a relatively weak minority government formed by the Conservatives and DUP.
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