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.”
The EU is having a moment; Norway, Iceland, Canada, and Britain are suddenly warming to Brussels, a reversal for a bloc that spent decades fighting off euroskeptics. As Norway's foreign minister put it, it's a "crazy world." And that's working in the EU's favor.
As America approaches its 250th anniversary, Bank of America is investing in the legacy of leadership — committing $5M to the Theodore Roosevelt Presidential Library and conserving 110 presidential portraits at the Smithsonian National Portrait Gallery, so the history of leaders who defined our nation is preserved for generations to come. Learn more here.
Chris, an Army veteran, started his Walmart journey over 25 years ago as an hourly associate. Today, he manages a Distribution Center and serves as a mentor, helping others navigate their own paths to success. At Walmart, associates have the opportunity to take advantage of the pathways, perks, and pay that come with the job — with or without a college degree. In fact, more than 75% of Walmart management started as hourly associates. Learn more about how over 130,000 associates were promoted into roles of greater responsibility and higher pay in FY25.
In this "ask ian," Ian Bremmer breaks down President Trump’s approach to the 2026 midterm elections and what his political strategy may look like afterward.