– the first Thursday – into his second half of the year guidance. Will he be rewarded by the voters for finally putting the nation out of its misery? Or punished for effectively misleading and messing up every one’s plans?
But now the Prime Minister has fired the starting pistol, even though, if he loses he will not make his second anniversary in No 10 due on 24 October. He has said that he intends to stay on as MP for Richmond come what may. Some are already pointing to the decision to hold polling on American Independence Day as a hint that he is dreaming of his own personal liberation to move to the United States where his family already owns an apartment in California.
The trendy middle classes who flock to Glastonbury are complaining that their festivities will be disrupted by the campaign. More importantly, 4 July also coincides with some school holidays in Scotland, not that the Conservatives had anything to look forward to there. Latest polls suggest Labour could snatch more than 30 seats from the Scottish Nationalists.Breakthrough in Scotland would make it all the easier for the Labour Party to score an outright victory.
Maybe inflation is down but not by as much as the markets expected. Government borrowing is up, leaving little room for tax cuts before an Autumn election. Markets have marked down the chances of an early cut in interest rates the next time the monetary policy committee meets in June.
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