Britain’s ‘change election’ changes nothing
Much will stay the same, because the new Labour government will largely follow Conservative policy in four key areas, including spending and borrowing, and restoring relations with the EU
DeeperDive is a beta AI feature. Refer to full articles for the facts.
“EVERYTHING must change so that everything can stay the same.” This famous aphorism from Giuseppe Tomasi di Lampedusa’s novel Il Gattopardo (The Leopard) about how to survive revolutions, is a perfect description of what happened in the UK on Jul 4. Labour has secured the biggest swing from one party to another in British history, while the Conservatives, once described as the world’s “most successful political party”, have suffered a near-extinction event.
This electoral revolution was propelled by the one-word title of Labour’s manifesto: “Change”. But, ironically, everything that matters in the UK will stay much the same after Labour’s landslide victory.
That is because the Labour leadership, in sharp contrast to the party’s electoral slogan, holds positions that are indistinguishable from the defeated Conservatives on four key policy issues: government spending and borrowing; restoring relations with the European Union; conflict with China and Russia; and reform of a voting system that can produce an elective dictatorship. These positions will severely restrict the new government’s ability to change the country’s course.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report