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ARTICLE · 12 MAY 2015

UK Political Risk Reduced Not Eliminated

Deloitte
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There are plenty of explanations for the failure of the opinion polls to predict the outcome of Britain's General Election.

United KingdomGovernment, Public Sector
Ian Stewart
Ian Stewart
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There are plenty of explanations for the failure of the opinion polls to predict the outcome of Britain's General Election.

But the Conservative victory seems, in part, to vindicate the notion that, in politics, it's the economy stupid. The US election strategist, James Carville coined the phrase to describe the focus of his successful 1992 campaign to win the White House for Bill Clinton. In the UK a governing party which is seen by voters as economically competent and is presiding over a strong economy has historically enjoyed a powerful electoral advantage.

As we noted last week, the UK economy is seeing a decent recovery which, in the nick of time for the Conservatives, has started to lift consumer spending power.

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