A Dismal Inheritance Awaits Labour’s Return in the UK
UK Prime Minister Rishi Sunak, right, and Labour Party leader Keir Starmer during a BBC debate in Nottingham on June 26.
Photographer: Phil Noble/AFP/Getty Images
Welcome to the Year of the Elections, Bloomberg’s newsletter on the votes that matter to markets, business, and policy amid the most fragmented geo-economic landscape in decades.
For Britain’s Labour Party, the good news is that it appears set for a sweeping electoral victory on Thursday, ending 14 years of Conservative rule. The bad news is that it faces what it calls the worst economic and fiscal inheritance for any government since the war.