UK Prime Minister Rishi Sunak is betting that calmer economic conditions will get him re-elected

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British Prime Minister Rishi Sunak is taking the biggest gamble of his political life by calling a general election for July 4

British Prime Minister Rishi Sunak has portrayed himself as thorough and evidence-led. That's why his gamble to call a U.K. general election for July 4 has come as such a surprise. Those personal traits were supposed to be attributes that would endear him to British voters following the chaos of his two predecessors in the top job, Boris Johnson and Liz Truss. But if opinion polls ahead of the election prove right, he hasn't shifted the dial much, if at all.

The more right wing elements in his party have argued that the policy is destined to fail, and urged Sunak to block all routes of legal challenge. Despite a toxic inheritance of squeezed living standards and over-stretched public services, he pitched himself as a leader that would restore calm and stability to the economy and revive the party's fortunes. A year and a half on, inflation is down to near-normal levels, wages are rising and mortgage rates are set to start falling.

 

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