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May was right to call an election
Theresa May's decision to call a snap general election was an astute move.
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Theresa May's decision to call an early general election was an "abrupt reversal" of her earlier insistence that she wouldn't hold one until 2020. But it is nevertheless "the right decision", says the Financial Times. "Britain is embarking on the most important constitutional change in postwar history." A strong mandate will help May remain on her current pragmatic course (recognising that a transitional period is required after Britain's departure from the EU, and that migrants are needed) and lessen the risk of being "held hostage by minority pressure groups".
An early election also means that May need not be "constrained" by a 2015 manifesto that was not her own, says The Sunday Times, and avoids the potential added complication of Brexit negotiations running up against a general election, as would have happened with a 2020 poll. This is an opportunity, particularly in policy terms, for the "real Mrs May to stand up". As it stands, May is set for the biggest Tory win since Margaret Thatcher, with recent polls putting the Tories more than 20 points ahead of Labour, says Toby Gould in the Huffington Post.
This isn't just down to the "useless and weak" opposition provided by Jeremy Corbyn's Labour (though it is "useless and weak"); her policies are generally well received and the public are confident she can make Brexit a success. There is also, however, a chance that "angry Remainers" could use this as an opportunity to "strike back through tactical voting", says Ben Chu in The Independent, leaving a "configuration of results" that encourages May into a "more conciliatory position in the EU divorce and trade negotiations".
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Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
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What about Labour? The Sun is predicting that it could "kill off" the party, and the latest opinion polls imply a 7% swing to the Tories, which could see Labour's 229 MPs reduced to just 165. The Tories would gain 66 seats to win a Commons majority of more than 140, says Alan Travis in The Guardian. If defeat prompts Corbyn to stand down, that would be "welcome", says the Financial Times. "It would give the party a chance to rebuild." Britain needs a strong prime minister to negotiate, but it also needs "a strong opposition to hold her to account".
Join more than 165,000 subscribers and keep yourself informed with the latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.
Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
