Labour's Landslide

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Koushik Korampalli

July 7, 2024

Written by Koushik Korampalli

Est read: 0 minutes

The Labour Party is now in power in the UK headed by Sir Kier Starmer as the new prime minister
Labour won the election in a landslide victory
- Labour won with 412 seats whilst Conservatives came second at 121.
During ex-PM Rishi Sunak’s speech, he apologised to the conservative party and took the blame for the results
Labour has announced their first 6 steps for change
- Deliver economic Stability
- Cut NHS waiting times
- Launch a new Border Security Command
- Set up Great British Energy
- Crack down on antisocial behaviour
- Recruit 6,500 new teachers
“There’s no quick fix to get out of the mess that the tories have made” – Starmer
Labour has also promised to build more houses to ease the housing crisis
- They promised to build 1.5mn houses over 5 year in government
- This caused housebuilding stocks to surge following their victory
Starmer also stated that one of his first acts of power would be to abolish the Rwanda scheme, “its never been a deterrent... I’m not prepared to continue with gimmicks”
Labour has pledged not to increase national insurance or income tax rates leading people to believe that they will have to find alternatives to fund their plans for change