Best of the Week
Most Popular
1. Best Cash ISA Savings Account for Soaring UK Inflation - February 2018 - Nadeem_Walayat
2.Gold Price Forecast 2018 - February Update - Nadeem_Walayat
3.Bitcoin Crypto Currencies Crash 2018, Are We Near the Bottom? - Nadeem_Walayat
4.Trump Bubble Bursts, Stock Market Panic Dow 1175 Point Crash Analysis - Nadeem_Walayat
5.Gold Corrects, Bitcoin Markets Crash, Whilst Stocks Plunge - Nadeem_Walayat
6.US Treasury Bonds: Fuse to Light the Bonfire - Jim_Willie_CB
7.Dow Falls 666 Points As Cryptocurrencies Crash And Krugman Emerges From His Van - Jeff_Berwick
8.Stock Market Roller Coaster Crash Ride Down to Dow Forecast 23,000 - Nadeem_Walayat
9.Trading the Shadows - Oil, Dollar, Stocks, Gold Trend Analysis - B.R. Hollister
10.Stock Market Analysis: Baying for Blood - Abalgorithm
Last 7 days
Why You Should NOT Sub4Sub Free Youtube Subscribers - YTpals, Subpals, SubmeNow Test Results - 23rd Feb 18
One Belt, One Road, One Direction for Precious Metals - 23rd Feb 18
Gold’s Curious Sentiment - 23rd Feb 18
Relationship Between Crude Oil and U.S. Dollar in February 2018 - 23rd Feb 18
Why The Next Oil Boom Will Be Fueled By Blockchain - 23rd Feb 18
Gold Bull and Bear Markets - 23rd Feb 18
Why Recent Lows Are Crucial for US Dollar - 23rd Feb 18
Will Bitcoin be Larger Than NEO in 2018? - 23rd Feb 18
Stock Market SPX Probable Pop-n-drop - 22nd Feb 18
Stocks Fail to Hold Gains, But Still No Correction - 22nd Feb 18
Why We Should Buy Essay - 22nd Feb 18
The Latest US Debt Blow - 22nd Feb 18
6 Tips For Seamless Business Foreign Exchange - 22nd Feb 18
How to Anticipate Stock Market Trend Changes - 21st Feb 18
Gold Miners’ Rally? What Rally? Watch Out for More Fake Moves! - 21st Feb 18
5 Big Drivers of Higher Inflation Rates Ahead - 21st Feb 18
Goofy Indictments Divert Attention from Criminal Abuses at the FBI and DOJ - 21st Feb 18
Bitcoin or British Pound ‘Pretty Much Failed’ As Currency? - 21st Feb 18
Stock Market Waiting for the Fed - 21st Feb 18
National Identity Demands Restrictive Immigration - 21st Feb 18
Best Opportunities for Freelance Technical Writing Jobs - 21st Feb 18
4% US 10-year Treasury Note Yield Will Be a Floor Not a Ceiling - 20th Feb 18
Governments Are LYING about Their Gold Activities while Mining Companies Cower - 20th Feb 18
No Silver Lining Here - 20th Feb 18
Semi Conductor Stocks SEMI Bearish? - 20th Feb 18
The Prisoner Promised Land - 20th Feb 18
Best Car Dash Cam Review: Z-Edge S3 Dual Dash Cam - UNBOXING (1) - 20th Feb 18
How Inflation Reduces The Real Value Of Social Security Net Of Medicare Premiums - 19th Feb 18
Could Stellar Lumens be a Challenger to Bitcoin for International Payments? - 19th Feb 18
US-China Trade War Escalates As Further Measures Are Taken - 19th Feb 18
How To Trade Gold Stocks with Momentum - 19th Feb 18
Is a New Gold Bull Market on the Horizon? - 19th Feb 18
Stock Market Decision Point! - 19th Feb 18
An Inflation Indicator to Watch, Part 1 - 18th Feb 18
Get on Top Of Debt Before It Gets on Top of You - 18th Feb 18
Will the Stock Market Make a Double Bottom? - 18th Feb 18
5 Reasons Why Commodities Are the Investment Place to be in 2018 - 18th Feb 18
1 Week Later, Stock, Bond Market Risk Remains ‘On’ as 2 of 3 Amigos Ride On - 17th Feb 18
Crude Oil Prices: A Case of Dueling Narratives? - 17th Feb 18
Free 1000 Youtube Subscribers Services - YTpals, Subpals, SubmeNow Test - 17th Feb 18
How to Trade as We Near March Stock Market Top - 16th Feb 18
Bitcoin as Poison - 16th Feb 18
GDX Gold ETF Weathers Stock Market Selloff - 16th Feb 18
Casino Statistics and Demographics - 16th Feb 18
IS Today Thee Stock Market Turn Day? - 16th Feb 18
Huge SMIGGLE Shopping HAUL, Pencil Cases, Drinks Bottles, Back Packs, Toys.... - 16th Feb 18
Tesla Cash Keeps Burning at $320 a Share - 15th Feb 18
Big Conflict Ahead in the Financial Markets - 15th Feb 18
Stocks Extend Rally Off Friday's Low, But Short-Term Exhaustion Near - 15th Feb 18
Stock Market Out on a Limb... - 15th Feb 18
Things Only a True Friend Would Say About Gold - 14th Feb 18
Global Debt Crisis II Cometh - 14th Feb 18
Understanding Crude Oil Behavior - 14th Feb 18
Stock Market is Getting Scary... - 14th Feb 18

Market Oracle FREE Newsletter

Urgent Stock Market Message

Theresa May's Political Spectrum Impact on the UK General Election 2017

ElectionOracle / UK General Election May 31, 2017 - 05:42 PM GMT

By: Nadeem_Walayat

ElectionOracle

For at least the past 30 years, Leaders and parties that most closely appeal to the centre ground tend to win UK general elections. Which is why Labour repeatedly lost election after election during the 1980's and most of the 1990's because whilst Margaret Thatcher was to the right of the political spectrum, Labour was far further to the left and it would take a long hard battle fought by first Neil Kinnock and then John Smith who paved the way for Tony Blair to firmly occupy the centre ground for the next 13 years, even delivering Tony Blair several landslide election victories that Theresa May hopes to replicate.


Left or Right of Tory Centre

David Cameron was clearly to the left of the Tory centre, which explains why he got on so well with Nick Clegg, because they really did have a lot in common and if circumstances had been a little different David Cameron could well have found himself to be a Liberal Democrat. Whilst John Major's weak premiership mostly occupied the centre ground and definetly to the left of Margaret Thatcher, and he may well have done bother had been less grey. Still he did shock all with his surprise election win in 1992, that the pollsters got very badly wrong.

So where does Theresa May stand on the political spectrum?

Firstly, BrExit means nationalism and protectionism which is what the Tory manifesto alludes to and Theresa May repeats when she says that she would be willing to walk away from a bad EU deal i.e. No deal. Therefore Theresa May will be the most nationalist and protectionist Prime Minister for a good 50 years! Which nudges her to the right of Margaret Thatcher on this respect which appeals to the likes of the Tory right and UKIP.

Whilst on the other hand the Tory Manifesto is clearly more aimed at redistributing wealth from the wealthy i.e. forcing wealthy pensioners receiving care in their own homes for their their properties to no longer be exempt, and at the same time raising the threshold of protected assets from £23k to £100k which benefits the poorer pensioners, all of which suggests that Theresa May is left of Tory centre on social policies, even though she has backtracked a little since publication of the manifesto by stating that there would be a yet to be determined cap on how much each pensioner assets / homes would fund their social care.

So apart from BrExit, the 84 page manifesto appears it could be have been written by Tony Blair, David Cameron, or even Ed Milliband as the BrExit vote killed off austerity a year ago, and so there were lots of promises to spend more but without any tax rises to pay for them, hence a lot more borrowing, so basically the same centrist policies as Blair. Which is probably why Theresa May appeals to so many Labour brexiteers. And she is protectionist / nationalist rather than globalist, as have been every Prime Minster since the 1970's, which explains why she appeals so strongly to most UKIP voters.

Theresa May's words, actions and policies are hovering up many Labour and most UKIP voters whilst maintaining the Tory heartland, for they have nowhere else to go, hence why she is heading for strong election victory, regardless of what the gyrating all over the place opinion polls suggest as illustrated by YoGovs most recent poll warning of a Hung Parliament.

So whilst Theresa May is a little right of centre than David Cameron, which on face value would have suggested that she would do worse than David Cameron had in 2015. However the whole political spectrum has swing slightly further to the right since May 2015, which is why BrExit happened in the wake of year after year of out of control EU migration that both Labour and the Tory party ignored for more than a decade and which sowed the seeds for the BrExit outcome that will carry Theresa May far beyond the threshold set by David Cameron.

And then we have Jeremy Corbyn who has swung the Labour party far to the left of the centre ground that Tony Blair so successfully occupied. He may not be as far left as Michael Foot of 1983, but Labour has definitely gone back to the 1980's which further confirms that Theresa May should be heading for a very strong election victory.

And here are the seats per party forecasts based on the local election results and the opinion pollsters

UK Local Election Results Forecast for General Election 2017

Opinion Polls Based UK General Election Seats Per Party Forecast 2017

Opinion Polls Based UK General Election Seats Per Party Forecast 2017

Ensure you are subscribed to my always free newsletter for the next analysis in this series as I countdown to my UK general election 2017 final forecast conclusion and to our youtube channel for videos in this and the BrExit War series.

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2017 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 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.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

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

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules