Berliner Boersenzeitung - UK parliament dissolves ahead of election

EUR -
AED 4.061239
AFN 70.774285
ALL 90.674324
AMD 400.588378
ANG 1.979985
AOA 1014.065922
ARS 1708.818725
AUD 1.627461
AWG 1.992192
AZN 1.879823
BAM 1.955229
BBD 2.233478
BDT 137.929696
BGN 1.9559
BHD 0.418387
BIF 3352.91121
BMD 1.105852
BND 1.425122
BOB 12.980207
BRL 6.24054
BSD 1.108886
BTN 104.234956
BWP 15.384644
BYN 3.340924
BYR 21674.696468
BZD 2.230279
CAD 1.577039
CDF 2560.046784
CHF 0.924354
CLF 0.027949
CLP 1099.98486
CNY 7.37675
CNH 7.377757
COP 3668.807308
CRC 500.66502
CUC 1.105852
CUP 26.614223
CVE 110.234284
CZK 24.380825
DJF 197.474975
DKK 7.475371
DOP 67.280948
DZD 151.457624
EGP 59.092272
ERN 16.587778
ETB 181.067828
FJD 2.515094
FKP 0.835271
GBP 0.836107
GEL 2.864315
GGP 0.835271
GHS 12.985206
GIP 0.835271
GMD 81.832691
GNF 9825.217834
GTQ 8.473639
GYD 232.002207
HKD 8.675264
HNL 29.819556
HRK 7.534784
HTG 145.301483
HUF 365.491779
IDR 20145.248052
ILS 3.540329
IMP 0.835271
INR 104.187335
IQD 1681.139161
IRR 2116047.535497
ISK 136.616819
JEP 0.835271
JMD 175.668668
JOD 0.784015
JPY 176.996042
KES 143.716444
KGS 96.705527
KHR 4569.78864
KMF 493.210208
KPW 995.266721
KRW 1476.417309
KWD 0.34434
KYD 0.924147
KZT 492.534985
LAK 24954.70802
LBP 99304.282436
LKR 368.772242
LRD 188.517471
LSL 18.550659
LTL 3.265293
LVL 0.668919
LYD 7.151007
MAD 10.922908
MDL 20.227089
MGA 5061.52098
MKD 61.54566
MMK 2322.178184
MNT 3985.580384
MOP 8.959244
MRU 44.869968
MUR 52.660715
MVR 17.041092
MWK 1920.864311
MXN 20.579351
MYR 4.518954
MZN 70.674713
NAD 18.53394
NGN 1486.587678
NIO 40.808444
NOK 10.583743
NPR 166.774775
NZD 1.995747
OMR 0.425205
PAB 1.108976
PEN 3.780995
PGK 5.058613
PHP 70.551412
PKR 306.648568
PLN 4.405067
PYG 6874.084575
QAR 4.042474
RON 5.346681
RSD 117.602261
RUB 91.561274
RWF 1638.121327
SAR 4.174609
SBD 8.954413
SCR 15.490166
SDG 665.172606
SEK 11.089316
SGD 1.423286
SHP 0.828633
SLE 25.323544
SLL 23189.184907
SOS 633.101178
SRD 41.473866
STD 22888.900808
STN 24.493286
SVC 9.70334
SYP 14378.286141
SZL 18.534317
THB 37.444695
TJS 10.229949
TMT 3.88154
TND 3.33797
TOP 2.662625
TRY 55.680198
TTD 7.532935
TWD 36.35543
TZS 2940.298651
UAH 50.390575
UGX 4563.666457
USD 1.105852
UYU 44.947069
UZS 13274.121188
VES 995.809091
VND 28391.087743
VUV 133.070168
WST 3.0907
XAF 655.957
XAG 0.022146
XAU 0.000283734004
XCD 2.98862
XCG 1.998552
XDR 0.781895
XOF 655.957
XPF 119.331742
YER 261.535134
ZAR 18.548679
ZMK 9953.992832
ZMW 22.649689
ZWL 356.083848
SSP 6575.959858
MXV 2.311087
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

UK parliament dissolves ahead of election
UK parliament dissolves ahead of election / Photo: Molly DARLINGTON, Andy BUCHANAN - POOL/AFP

UK parliament dissolves ahead of election

The British parliament dissolved on Thursday ahead of a July 4 general election, which looks set to bring Labour to power after 14 years of Conservative rule.

Text size:

Five weeks of campaigning officially began as 650 seats of members of parliament (MPs) became vacant at one minute past midnight (2301 GMT) in line with the electoral schedule.

The first week of campaigning has seen a shaky start following Prime Minister Rishi Sunak's rain-drenched election announcement, with many observers taking the downpour as a bad omen.

Sunak set the election for July 4, instead of later in the year as had been widely expected, in what observers said was an attempt to regain momentum as his party slides in opinion polls.

After 14 years in opposition, the Labour party now has the chance to win back power with its leader Keir Starmer, a former human rights lawyer, at the helm.

- Mass exodus -

Trailing double digits behind Labour in polls, the ruling party also faced a mass exodus of parliamentarians, some throwing in the towel in the face of bleak chances of victory.

Some 129 MPs have so far announced that they will not be standing for re-election. Among them are 77 Conservatives, an unprecedented exodus for a governing party.

Among the Tories standing for re-election, some have made no secret of their annoyance at having been caught off guard by the July election date.

Steve Baker, Secretary of State for Northern Ireland, stood by his decision to continue his vacation in Greece, saying that he would be preparing his campaign there.

Signs of infighting also spilled into the open with one Tory MP backing a candidate from the right-wing populist Reform UK party in her constituency, before being promptly suspended by the Conservatives.

- Faltering start -

After the election announcement, Sunak travelled across the country, promoting Conservatives as the "safe" option.

His campaign met with some early snags, including a visit to the site where the Titanic was built drawing comparisons between his leadership and captaining a sinking ship.

Doubling down on older voters and right-wing supporters, Sunak's campaign has seen pledges to bring back national service and what is billed as a £2.4 billion ($3 billion) tax break for pensioners.

However, Sunak's week of intense campaigning and bid to surprise the country have done little to boost favour.

Polls put Labour on average at 45% of voting intentions, against 23% for the Tories, suggesting that, given the simple-majority voting system, Labour will enjoy a very large win.

In a bid to turn things around, Sunak is hoping to win points in the scheduled debates with Keir Starmer, the first of which is set to take place next Tuesday on ITV.

- More infighting -

Meanwhile, Labour is seeking to capitalise on the public's weariness with the Conservatives, who have seen five prime ministers since 2016 alongside a slew of scandals and economic woes.

It has tried to focus on its shift to the "natural party of business" after winning the backing of 120 industry leaders this week.

After a resounding defeat under left-wing leader Jeremy Corbyn in 2019, Starmer has pushed the party to the centre in a bid to win back voters, including by purging Corbyn and making moves to root out anti-Semitism.

However, the past week has exposed the long-standing factional splits within the party, with MP Diane Abbott expressing her dismay at the party's desire to bar her from candidacy.

Starmer has insisted that the fate of Abbott, who was suspended last year for comments on racism, had not yet been decided. But the treatment meted out to the highly respected 70-year-old, who has spent 37 years as a member of parliament, has provoked fierce criticism.

Starmer has also faced condemnation from leftist voters who accuse him of rolling back promises he made during his successful leadership campaign.

(A.Lehmann--BBZ)