By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > How the Conservatives came to the brink of wipeout
News

How the Conservatives came to the brink of wipeout

News Room
Last updated: 2024/06/28 at 12:22 AM
By News Room
Share
6 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

This is part of a Data Points series on the UK election

With less than a week until polling day, the Conservatives are heading for the worst general election result in their 190-year history.

One large poll and forecast this week from research companies FocalData and Prolific estimated that the Tories would hold on to only 110 seats if an election were held today. More striking still was its finding that even if they hold on in tight Labour and Liberal Democrat marginals, that figure only rises to 158 seats. John Major’s humbling 1997 defeat by Labour is no longer a worst-case scenario but an optimistic hope.

This makes it all the more baffling that as recently as five months ago, Tory strategists were reportedly preparing for the possibility of back-to-back general elections, based on their belief that Labour would win the first so narrowly that the party would quickly be forced to call a second snap election to try to secure a working majority.

That many in the Conservative party believed things were salvageable until very recently does not bode well for the Tories’ ability to learn from the errors of the past four and a half years and rebuild both themselves and their relationship with the electorate.

Much of the narrative in recent weeks suggests this election was lost only in the past few months as Nigel Farage entered the fray and his Reform UK party began eating into the Conservatives’ right flank, but this is false.

Using detailed voting data to model how a general election would have played out at various points over the past four years, we can see that as early as January 2022, with the “Partygate” scandal over pandemic lockdown breaches gaining traction, the Conservatives were on course to lose an election. By the time Boris Johnson resigned as prime minister, they would have been down to 211 seats, their fifth-worse result in two centuries.

Chart showing that the Conservatives were already on course for a heavy defeat by late summer of 2022

As fresh calls are made for Johnson’s return, few in the party seem to recall that he departed less popular than Rishi Sunak is today. It was under his leadership that many voters came to see the Tories as synonymous with dishonesty and unfitness for government. On the eve of his resignation, Johnson and his government were less popular than Major and his on the eve of the 1997 election.

Months before Liz Truss’s infamous “mini” Budget, only 60 per cent of those who voted Conservative in 2019 were planning to do so again, and the Tories had already lost their lead over Labour on the economy, immigration and crime. The situation has deteriorated since then, but huge damage was already done.

Chart showing that the Conservatives lost far more of their support before the Reform UK surge than in the months since it began

To be clear, the split on the right has done considerable additional harm, amplified by the capricious nature of the first-past-the-post voting system. But that has turned what was already on course to be a top-five worst-ever defeat into what seems set to be the all-time worst.

Uniting the right is a necessary step on the way to the Conservatives’ return to power, but it is far from sufficient to deliver it. At best it gets them back to where they were under Johnson: a dysfunctional party disliked and distrusted by most of the electorate, trailing some distance behind Labour in the polls.

Chart showing that perceptions of the Conservatives nosedived under Boris Johnson

And even this won’t be easy. Most voters who have stuck with the Tories since 2019 take a dim view of Farage. And the increasingly desperate attempts to win back those who have switched to Reform UK in recent weeks have fallen flat. This is because they make the same mistake that lost those voters in the first place: thinking this is about making popular pledges when it is actually about demonstrating trustworthiness.

The reason the Tories stand on the brink of a historic defeat is a slow, rolling competence shock that has alienated voters across the spectrum, not just a few months of insurgency on their right flank.

Chart showing that the Conservative government was already deeply unpopular long before the mini Budget and ‘stop the boats’

That they had thought the situation salvageable five months ago shows a failure to appreciate both how far and why they had fallen. It is just the latest indication that this is a party that reaches for short-term sticking plasters over long-term solutions.

The Conservatives seem likely to have plenty of time for soul-searching over the coming years. Asking simple questions that produce reassuring yet misleading answers is what helped bring them to the brink of wipeout. They would be wise to take their own future more seriously than they took the country’s.

[email protected], @jburnmurdoch



Read the full article here

News Room June 28, 2024 June 28, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Europe’s rocky relations with Donald Trump

Gideon talks to Jens Stoltenberg, Nato's former secretary-general, about Ukraine and Europe's…

Here’s why Tesla stock is moving lower after its Q3 earnings report. 🔻

Watch full video on YouTube

How Levi’s, Gap And American Eagle Are Winning Back U.S. Shoppers

Watch full video on YouTube

China signals concern over falling investment

Stay informed with free updatesSimply sign up to the Chinese economy myFT…

lululemon athletica inc. (LULU) Q3 2026 Earnings Call Transcript

FollowPlay Earnings CallPlay Earnings Call lululemon athletica inc. (LULU) Q3 2026 Earnings…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Europe’s rocky relations with Donald Trump

By News Room
News

China signals concern over falling investment

By News Room
News

lululemon athletica inc. (LULU) Q3 2026 Earnings Call Transcript

By News Room
News

Crypto founder Do Kwon sentenced to 15 years in prison

By News Room
News

Synopsys, Inc. (SNPS) Q4 2025 Earnings Call Transcript

By News Room
News

Zelenskyy talks Ukraine postwar plan with Scott Bessent, Jared Kushner and Larry Fink

By News Room
News

Trump’s immigration data dragnet

By News Room
News

EU companies say ‘undervalued’ renminbi aiding China’s exporters

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?