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David Cameron and Conservatives Get Majority in British Election
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The Conservative Party under David Cameron won 330 seats in the British parliament, securing a majority in the 2015 general elections. The Labor party won 232 seats, losing 26 seats compared to the 2010 election. The Conservatives gained 24 seats. The Labor party lost very badly in Scotland, winning only 1 seat. The Scottish National Party won 56 of 59 seats in Scotland. Opinion polls underestimated the strength of the Conservatives whose campaign theme was jobs created under the Cameron administration. Austerity was a theme for the Scottish National Party and Labor, yet as Greg Ip reported in his column on the British economic recovery the Cameron administration adroitly managed this by relaxing deficit targets after 2012 forecasts on the deficit cutting could not be met with lower revenues. Labor was hit by the sense that the Tony Blair type liberal economics had failed to reverse the decline in real wages and jobs for working class people, and the Conservatives were taking on a tough situation with the deficit and the 2008-2009 recession that started under Labor. This hurt Labor in Scotland and in the rest of Britain. Labor leader Ed Balls lost his seat. The UK Independence Party fared badly winning only one seat and its leader Nigel Farage lost his seat. Prime minister Cameron promised a EU referendum for 2017 during the election, and he will now have to manage this issue as his party favors membership in the EU with some changes. The improvement in jobs was a strong point for the Conservatives, yet Britain faces wage stagnation with low productivity gains which will be a challenge for the new administration.
Britain's May 2015 general election
01/19/2015
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Wall Street Journal 01/19/2015
Wall Street Journal 01/21/2015
Britain’s Surprisingly Unpredictable Election
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Britain’s Drift From the Global Stage Becomes an Election Issue
New York Times 04/27/2015
Disgruntled U.K. Voters Rally to Small Parties
Wall Street Journal 05/01/2015
David Cameron Struggles to Turn Economic Recovery Into Votes
Wall Street Journal 05/06/2015
Nicola Sturgeon, leader of the Scottish National Party, in the 2015 general election in Britain
05/05/2015
Nicola Sturgeon has increased the popularity of the SNP in Scotland in 2015.
Grouped Articles
Nicola Sturgeon, Not Running in British Election, May Yet Prevail
New York Times 05/05/2015
In U.K. Election, It’s Jobs Boom vs. Stagnant Wages
Wall Street Journal 05/07/2015
David Cameron and Conservatives Get Majority in British Election
New York Times 05/08/2015
Post-Election Britain: A Disunited Kingdom
New York Times 05/08/2015
Markets, democracy and economics: The winning formula?
Economist 05/09/2015
A Chasm Divides David Cameron and Nicola Sturgeon, Leaders of a Kingdom Still United
New York Times 05/10/2015
Britain's prime minister Cameron and the Conservatives win a majority in parliament in the 2015 general elections
05/08/2015
Grouped Articles
David Cameron and Conservatives Get Majority in British Election
New York Times 05/08/2015
Post-Election Britain: A Disunited Kingdom
New York Times 05/08/2015
The economy after the election: The climb to come
Economist 05/09/2015
Markets, democracy and economics: The winning formula?
Economist 05/09/2015
A Chasm Divides David Cameron and Nicola Sturgeon, Leaders of a Kingdom Still United
New York Times 05/10/2015
David Cameron Sets Course for Britain Amid Pageantry of Queen’s Speech
New York Times 05/27/2015
Credibility of elites tested in the decade following the financial crisis of 2008-2009- falling incomes in the U.S. and high unemployment in Europe, and disaffection in local regions such as Scotland
09/20/2014
Policies of Gordon Brown and Alistair Darling in a Labor government increased the role of the financial sector in the British economy and the part played by London as financial capital, only to lead to a near collapse of the banks in the financial crisis of 2008-2009. Brown and Darling are both Scots who failed to see the effects on regions in Britain such as Scotland, already affected by deindustrialization under the Conservative Thatcher government, and now hit by the repercussions of the financial crisis under first Labor and then austerity Conservative government of David Cameron. Irwin faults the elites for failing to grasp the effects of their policies on average working people, the risks involved in an overblown speculative financial sector, and only waking up with the elections for the European parliament and tense moments before the referendum in Scotland.
Grouped Articles
In Scotland and Beyond, a Crisis of Faith in the Global Elite
New York Times 09/20/2014
The world economy: Wealth without workers, workers without wealth
Economist 10/06/2014
How Righteousness Killed the World Economy
New York Times 10/12/2014
Germany, France Tap Economists for Advice to Avoid ‘Lost Decade’
Wall Street Journal 10/14/2014
Jerry Brown is spending more on ballot measures than on his own campaign - The Washington Post
Washington Post 10/24/2014
British Treasury Targets Banks to Increase Tax Revenue
New York Times 12/04/2014
Britain's elections to local councils and the European parliament amid voter discontent in May 2014
05/23/2014
Grouped Articles
Britain’s Discontent Lifts Populist Party to Even Stronger Vote Tally Than Expected
New York Times 05/23/2014
UKIP, Labour Make Gains In U.K. Local Vote
Wall Street Journal 05/24/2014
Anti-EU, Far-Right Parties Post Strong Gains in European Elections
Wall Street Journal 05/27/2014
Wall Street Journal 05/27/2014
E.U. Leaders to Meet in Wake of Election Setbacks
New York Times 05/27/2014
Populists’ Rise in Europe Vote Shakes Leaders
New York Times 05/26/2014
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