What We're Watching
Sunak fires the starting gun
British Prime Minister Rishi Sunak delivers a speech calling for a general election outside No. 10 Downing Street, in London, Britain, on May 22, 2024.
REUTERS/Maja Smiejkowska
British Prime Minister Rishi Sunak delivers a speech calling for a general election outside No. 10 Downing Street, in London, Britain, on May 22, 2024.
For embattled leaders with the power to call elections, it’s all about the timing. In Sunak’s case, though his Conservative Party has trailed badly for months, some factors suggest things might only get worse in the fall. More migrant arrivals by boat over the summer will add to his political headaches, particularly if the government’s plan to fly some to Rwanda runs into more legal challenges and delays.
He does have some positive economic news to work with.Newly released data from the Office for National Statistics on Wednesday indicated that UK inflation fell to just 2.3% in April, allowing Sunak to say he kept his promise to cut inflation in half during his tenure.
Will Sunak’s earlier-than-expected election date help Tories stage a stunning comeback? Not likely, says Eurasia Group’s Mujtaba Rahman. Instead, he forecasts, “Labour will capitalize on the public’s desire for change after 14 years of Tory rule and will win a comfortable majority.”
Elections have been taking place around the world in recent weeks – and if there’s one thing they have in common, it’s this: voters are fired up.
Airlines across the continent have been affected by threats, now in their second week, with some planes making emergency landings or being escorted by fighter jets.
On The Debrief, Clayton Allen explains why the vice president’s ties to Trump—and dependence on a fractured MAGA coalition—could make 2028 a race he chooses to skip.
From shopping to services, consumer spending is showing strength across categories. Holiday shopping got an early start, and it’s not just higher earners filling their carts. Bank of America Institute sees continued spending growth recovery for lower- and middle-income households. See what’s driving the trends.