Tories clean up in local elections

Theresa May’s Conservatives appear set for “a very substantial victory” on 8 June following gains in council elections.

844-May-634

Theresa May: mistress of all she surveys
(Image credit: Copyright (c) 2017 Rex Features. No use without permission.)

Theresa May's Conservatives appear set for "a very substantial victory" on 8 June, says The Guardian. Government parties "normally do badly" in midterm local elections, but on 4 May the Conservatives finished 11% ahead of Labour. They gained more than 500 seats, "making potentially very important inroads against the SNP in Scotland", and capped their evening with Andy Street's victory in the West Midlands metro-mayoral contest. Ukip was almost wiped out, reduced to only one council seat. Overall, "the combination of Tory ascendancy on the right" and "Labour eclipse on the left", points "to a big Tory win in June".

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up for MoneyWeek’s free twice-daily newsletter.

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.

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.

Sign up
Latest Videos FromMoneyWeek
Dr Matthew Partridge
MoneyWeek Shares editor