2024-07-28 00:07:17
While other European countries have managed to boost their economies after the pandemic, the British economy continues to develop slowly.
Just five years passed between the UK Conservative Party achieving a resounding victory in the 2019 elections and suffered its worst defeat to the Labour Party since the Second World War.
With a broad dominance of the political scene since he came to power in 2010, The Conservatives lost almost 250 seats in Parliament and gave way to the arrival of Labour’s Keir Starmer at 10 Downing Street.
But what are they? The reasons behind the overwhelming victory of the Labour Party. Analysts point to a series of factors which explain the radical change among British voters.
He increase in poverty The stagnation of the economy is one of the main reasons experts point to the overwhelming victory of the Labour Party in the United Kingdom.
COVID y Brexit
As he COVID-19 and the war in Ukraine have severely affected state coffersand while other European countries have managed to boost their economies, the British economy continues to experience slow development, which many attribute to Brexit.
In particular, analysts point out that British voters punished the Conservatives for the scandal of the party in which its leaders participated during the pandemicled by then-Prime Minister Boris Johnson, known as Partygate.
Regarding Brexit, experts say that The exit from the European Union has damaged the British economy and has hampered its take-off after the pandemic and the start of the war in Ukraine.
On the other hand, according to what was reported by the BBC, in April about 10 million people were on the waiting lists for healthcare.
A reflection of the increase in poverty and inequality in a country that has the stagnant wages and a public debt that reaches 88% of the Gross Domestic Product (GDP).
Furthermore, although inflation is 2%, interest rates are very high and they have made things very difficult for those who asked for loans at difficult times.
Added to this is a severe housing crisis that primarily affects the younger generations.