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    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

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    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

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    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

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    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Charlie Hunnam Reflects on Playing a Serial Killer in Monster: The Ed Gein Story – Yahoo

    Charlie Hunnam Reveals the Dark Challenges of Playing a Serial Killer in Monster: The Ed Gein Story

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    “Reba” cast, then and now: See the stars 24 years later (and who’s reunited for another show) – Yahoo

    Why Taylor Swift Name-Dropped Elizabeth Taylor in Her New Album – Yahoo

    Here’s Why Taylor Swift Dropped Elizabeth Taylor’s Name in Her New Album

    Al Roker Gives Olivia Dean an Unexpected ‘New Job’ on the ‘Today’ Show – Yahoo

    Al Roker Shocks Olivia Dean with an Exciting New Role on the ‘Today’ Show

    Books about the arts and some haunts for a Denton October – Denton Record-Chronicle

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    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

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    ARM Institute opens technology project call to speed submarine manufacturing – The Robot Report

    ARM Institute Unveils Cutting-Edge Technology Project to Revolutionize Submarine Manufacturing

    Forget Cowbells. Cows Wear High-Tech Collars Now. – The New York Times

    Ditch the Cowbells: Discover the High-Tech Collars Transforming Cattle Care

    What the Recent Price Surge Means for Figure Technology Solutions After SEC Settlement – Yahoo Finance

    What the Recent Price Surge Reveals About Figure Technology Solutions Following SEC Settlement

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    MAC Brings iPad Technology to Football Sidelines Across All 13 Member Schools – Sports Video Group

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    Technology Is Becoming More Important Than Humans In CX – No Jitter

    A Tech Expo Shows What China Can Make, but Not Who’ll Buy It All – The New York Times

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Starmer’s Labour Party returns to power in the U.K. for the first time in 14 years: exit poll

July 5, 2024
in Business
Starmer’s Labour Party returns to power in the U.K. for the first time in 14 years: exit poll
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Keir Starmer’s Labour Party has vaulted back to power in the U.K. for the first time in 14 years, according to exit poll data released Thursday.

The victory, which was anticipated in polling, means the center-of-left party will take the helms of the country from Rishi Sunak’s Conservative Party.

In a landslide, an exit poll released by the BBC and other news stations showed Labour with 410 seats, compared to the Conservatives on just 131 seats.

Financial markets yawned in response — the pound was virtually unchanged vs. the dollar
GBPUSD,
+0.05%
and the euro
GBPEUR,
-0.01%.

Sunak was unable to make inroads in polls after calling for a surprise election six months before absolutely necessary, after running a campaign that began in the rain and included leaving a D-Day celebration early.

Rachel Reeves, who previously was a Bank of England economist, will become chancellor of the exchequer, the equivalent of finance minister.

She has pledged not to increase income or value-added taxes, though analysts say the new government may increase inheritance or capital-gains taxes. She’s pledged to limit spending by moving the current budget into balance.

A voter enters a polling station at The Old Fire Station in Hackney, east London, on July 4, 2024 as Britain holds a general election.

paul ellis/Agence France-Presse/Getty Images

Economists aren’t expecting much from the new government. Goldman Sachs economists see a growth upside of one-tenth of a percentage point in 2025 and 2026.

Starmer has said he won’t try to undo Brexit, the U.K.’s departure of the European Union, that was ushered in by the Conservatives. In fact he said on Wednesday the U.K. would not rejoin the E.U., or even the single market or customs union, in his lifetime.

Sunak’s message late in the campaign was a call to limit Labour’s “supermajority,” implicitly conceding defeat. Unlike the U.S., the U.K. parliament’s ruling party does not have extra powers with a higher margin-of-victory.

Sunak was the third Conservative prime minister this term, replacing scandal-ridden Boris Johnson and Liz Truss, who resigned after financial markets gyrated in response to her budget plans.

>>> Read full article>>>
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