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  • Writer's pictureEliteLettings


We have analysed how the 2024 General Election in the UK is expected to have a significant impact on the property rental sector. Several factors will come into play, including potential changes in housing policy, economic conditions, and investor sentiment. Now lets analyse some other key areas where the effects might be felt:

  • Economic Policy

  • Public Services

  • Social Policies

  • Environment and Climate Change

  • Foreign Policy and Defence

  • Regional and Local Impacts

  • Political Stability

Who is running?

Sunak, a former Treasury chief who has been prime minister since October 2022, is leading his party into the election. His primary opponent is Keir Starmer, a former director of public prosecutions in England and leader of the Labour Party since April 2020. But other parties, some of which have strong regional support, could be crucial to forming a coalition government if no one wins an overall majority

The Scottish National Party which campaigns for Scottish independence, the Liberal Democrats, and the Democratic Unionist Party, which seeks to maintain ties between Britain and Northern Ireland, are currently the three largest parties in Parliament after the Conservatives and Labour. Many observers suggest the new Reform Party, fronted by Brexit campaigner Nigel Farage, may siphon votes from the Conservatives

  • The centre-right Conservatives

took power during the depths of the global financial crisis and have won three more elections since then. But those years have been marked by a sluggish economy, declining public services and a series of scandals, making the Tories, as they are commonly known, easy targets for critics on the left and right. They then led Britain out of the European Union, battled one of the deadliest COVID-19 outbreaks in western Europe, and saw inflation soar after Russia invaded Ukraine.

The Conservatives succeeded in controlling inflation, which slowed to 2% in the year through May after peaking at 11.1% in October 2022, but growth remains sluggish, raising questions about the government’s economic policies.

Sunak acknowledged that “people are frustrated with our party and frustrated with me.” But he argued that the Conservatives are “the only party with the big ideas to make this country a better place to live.”

'You can make the difference,' Sunak says in late pitch to Oxfordshire voters

  • The Labour Party, which leans to the left

is far ahead in most opinion polls after focusing its campaign on a single word: Change.

Starmer has spent four years as opposition leader dragging his social democratic party from the left towards the political middle ground. His message to voters is that a Labour government will bring change — of the reassuring rather than scary kind.

“A vote for Labour is a vote for stability — economic and political,” Starmer said

Starmer was a strong opponent of Britain’s decision to leave the European Union, though now says a Labour government would not seek to reverse it.

Starmer’s challenge is to persuade voters that a Labour government can ease Britain’s chronic housing crisis and repair its fraying public services, especially the creaking health service — but without imposing tax increases or deepening the public debt.

Starmer said, “As leader of the opposition, you are not in power and it’s the most frustrating job I’ve ever had, and a job I hope I don’t have for much longer”

But the Tories face other challenges as well.

  • The new Reform Party, right-wing

is siphoning off votes from the rightwing of the Conservatives after criticising the Tory leadership for failing to control immigration.

That disillusionment has given the opposition Labour Party a significant lead in the polls — but it has also given oxygen to Reform and its leader Nigel Farage, who is drawing growing numbers of Conservative voters with his pledge to “take our country back.”

Opponents have long accused Farage of fanning racist attitudes toward migrants and condemned what they call his scapegoat rhetoric. They argue that chronic underfunding of schools, hospitals and housing under successive governments on both left and right — particularly in poorer areas like Clacton — is the real problem, not migrants. Reform wants the U.K. to leave the European Convention on Human Rights so that asylum-seekers can be deported without interventions from rights courts.

Reform appears to me to be the only UK political party happy to fight for landlords and lower rates of tax.

Check this out on their website …

Mr Farage said: "I can't turn my back on the people's army. I can't turn my back on those millions of people who followed me, believed in me despite the horrendous things that were being said about me."

He added: "Make no mistake, we are unashamedly patriotic. We believe that it's right to put the interests of British people first.

The election will have far-reaching consequences, shaping the UK's domestic and international policies for years to come.

On July 4, British voters will elect lawmakers to fill all 650 seats in the House of Commons, and the leader of the party that can command a majority — either alone or in coalition — will become prime minister.

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