UK General Election 2024 Result Forecast
Politics / UK General Election Jun 26, 2024 - 03:11 PM GMTBy: Nadeem_Walayat
UK General Election - 4th July 2024
Mentally soft as a sponge Richi Sunak clearly cannot take the pain of being PM any more even though his job is mostly about reading cue cards handed to him by his handlers, nevertheless Richi has thrown in the towel and declared he does not want to do it for another 6 months, he's had his fun playing at being PM and so announced a General Election for the 4th of July, Richi's Independence Day! Can you imagine that this clown has been PM for 575 days! They used to call John Major a dull boring grey man in a grey suit, but this guy Richi has done a worse job than if Mr Bean had been PM! I do not recall anything that this fool has done over the past 575 days as PM! He was never fit to be an MP let alone PM, his primary focus has always been to get to a net worth of £1 billion! Which is fine and dandy but why the hell make the British people suffer for near 2 years in the process? The Tories deserve to DIE an electoral death, the party needs to undergo a major PURGE!
If there is any justice that Sunak should be stripped of his wealth and locked up in the Tower of London!
And No it won't result in Britain's Independence Day given that there is no choice between Fake Socialist wannabe multimillionaire Keir Stalker Stalmer who is destined to become Britains Next sorry excuse for a Prime Minister which has been the trend trajectory Britain has been on since I last covered the prospects for a UK election 6 months ago when I concluded -
The Tories committed suicide as soon as they decapitated Boris Johnson, Liz Truss was a disaster, Rishi Sunak is a only marginally better dead PM walking. The Tories are FINISHED! It's going to be an electoral blood bath. Labour winning over 400 seats would not surprise me doubling their current 198 count and well past the 326 seats winning post..
The latest polls confirm that the Tories are dead as a dormouse, despite all of the propaganda of the past 6 months the Tories have actually sunaked further lower in the polls with Labour maintaining a commanding lead of 41% vs Tories dead on 20%,as Nigel Farage's Reform party soaks up both Labour and Tory voters to rise to 16% which is just enough to inflict further damage on the Tories by giving those few seats that the Tories might have managed to hold onto now look set to go to Labour.
It's going to be a bloodbath! An even worse nightmare than Richi's gang of idiots, a Labour party with a landslide victory, well over 400 seats! Does it matter if they win with 405 or 455 seats? The damage done will be the same.
They will be able to get every crackpot bill through Parliament aimed at punishing those who work hard and rewarding the bums sat on benefits their whole lives, waiting for someone to come along and spoon feed them. And then we have the bureaucracy, the silly servant paper pushers that are likely to see their ranks grow by a million under Labour as the cure for unemployment. In the Age of AI we are going to see labour create tens of thousands of back offices full of hundreds of paper pushers shuffling papers between offices.
Get ready for a lot higher inflation in the UK, yes there may be an initial growth spurt from all of the rampant money printing but it will soon feed through to higher inflation and it's bond market consequences.
So here we stand a few weeks before the election where Britain is going to be exposed to volumes of poop across it's broadcast media as if either Labour or Tories winning was going to make any difference to the fundamentals of a sinking US aircraft carrier. Neither party will ever do what needs to be done which would amount to a revolution, it would have taken the likes of Jeremy Corbyn to usher in a new dawn, yes it would be painful but all the current buffoons will do is to continue the current status quo thus make things a lot worse for ordinary folk as the Government prints money, causes inflation and hence average living standards drop as the money continues to flow to those who own the means of production.
Yes you can get rich in Britain by doing the OPPOSITE of what the system wants you to do as I covered in my HGR guides,
The system does not want you to BUY CRYPTO! Even now the criminals at the FCA do not want the British public to be able to buy bitcoin ETF's! The Financial Crime Agency works for the Elite, one of the few sure bets to getting rich right now, Bitcoin, destined to X2 from it's current price and these criminals want to deny the British public access to relatively safe spot bitcoin ETF's!
What's going to be result of having a Labour government?
They are going to continue to squeeze the middle classes whilst letting the mega-rich off the hook which does not bode well for wealth creation amongst the working masses within the UK. Your fortunes will be made abroad, either by migrating or online.
I fear the Labour redistribution of wealth fanatics will target one of the few mechanisms that ordinary folk have to accumulate wealth, the tax free ISA accounts i.e. likely put some sort of cap on how much one can have invested tax free, say a £100k cap that will bugger things up a lot for me and many other Brit's!
Meanwhile both 'leaders' continue to bend over backwards to congratulate the Fourth Reich in their genocide of Palestinians - The illusion of Democracy!
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By Nadeem Walayat
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Nadeem Walayat has over 35 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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