Labour majorities on 10 councils are set to be wiped out now that the cancelled elections are going ahead, according to polling for The Telegraph.
Newsquawk Staff ·
Labour majorities on 10 councils are set to be wiped out now that the cancelled elections are going ahead, according to polling for The Telegraph.
What it means
The impending elections could significantly alter the balance of power on 10 councils, with Labour majorities facing potential losses. This shift indicates a broader political trend that may impact government policy and market sentiment, particularly if it signals weakening support for Labour ahead of forthcoming national elections. Traders should monitor related equities and sectors that may be responsive to changes in local governance.
Sources
- UK PM Burnham rules out an early election; says, "I don’t think people want another backward looking squabble. They want me to get on with the job", The Times reports
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