Britain Takes a Turn to the Left
WSJ Opinion: Free Expression
Gerard Baker, Editor at Large, The Wall Street Journal
4.6 • 591 Ratings
🗓️ 5 July 2024
⏱️ 29 minutes
🧾️ Download transcript
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| 0:00.0 | Boardrooms love buzzwords. AI, climate, resilience. But what do they actually mean for CFOs and |
| 0:06.1 | execs trying to survive the next earnings call? That's where the pre-read comes in. Real experts and |
| 0:10.8 | real talk. Subscribe to the pre-read, presented by Workiba. From the opinion pages of the Wall Street |
| 0:19.3 | Journal, this is Free Expression with Jerry Baker. |
| 0:23.6 | Hello and welcome to the Free Expression podcast from the Wall Street Journal. I'm Jerry Baker, editor at large of the journal. |
| 0:29.6 | If you're not already a subscriber to Free Expression, please sign up wherever you do your podcast listening. |
| 0:34.6 | This week, Britain turns left. As President Joe Biden continues to |
| 0:38.9 | battle for its political life here in the US, in other Western democracies, incumbent governments |
| 0:43.4 | are being routed by their electorates. France goes to the polls on Sunday and will elects a parliament |
| 0:48.6 | in which President Emmanuel Macron's governing party is likely to be dwarfed by a combination of |
| 0:53.5 | left and right-wing populists. |
| 0:55.0 | Meanwhile, in the UK on Thursday, Independence Day over here, of course, |
| 1:00.0 | the Conservative Party, which has ruled Britain for 14 years, was trounced by the opposition Labour Party. |
| 1:06.0 | Prime Minister Rishi Sunak's Tories suffered the heaviest defeat in their long electoral history, |
| 1:11.6 | losing two-thirds of their seats in the House of Commons and seeing their national vote share |
| 1:16.6 | slump by almost 20 percentage points to just 24%. Also, it's worst showing. |
| 1:23.6 | Under the new Prime Minister Kirstama, who took office on Friday, the left of centre Labour Party won a landslide on a par with Tony Blair's big win in 1997, with a majority of more than 170 seats in the 650-seat Commons Chamber. |
| 1:40.0 | But there were plenty of twists in this otherwise widely expected tale. |
| 1:45.0 | Labour's share of the popular vote at just 34% was the smallest ever by a party winning an election. |
| 1:51.0 | Now, the growth of alternatives to the two main parties means that in a winner-take-all electoral system like the UK's |
| 1:57.0 | in which the leading candidate in each district takes the seat, Labour was able to |
| 2:01.8 | translate a small overall vote share into a massive over-representation in Parliament. The fragmenting |
... |
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