British Prime Minister Keir Starmer His wife Victoria Starmer React as they greet Labour Campaigners and activists in Number 10 Downing StreetFollowing the election results, London, Britain, July 5, 2024. 

Toby Melville | Reuters

LONDON — The U.K.’s Labour Party A quirk of the British The electoral system is a voting system that only requires 34% total votes to achieve a majority.

Results Show that the opposition Labour Party You can learn more about this by clicking here. won 412 parliamentary seats of There are 650 total seats. Only two more seats need to be determined. This This translates to roughly 63% of total seats. Labour Only 34% of the total has been won “popular” Vote while the Conservative Party Nearly 24% of this number has been secured.

MeanwhileSmaller parties, including the centrist Liberal Democrats, right-wing Reform The U.K. Greens The winning party, which received nearly 43% of popular votes, only won 18% of seats.

This The U.K. was instrumental in assisting the U.S. “first past the post” System where voters can only choose one candidate in each of 650 constituencies. The The person who receives the most votes from each constituency becomes the new member of parliament. Member You can also find out more about the following: Parliament Then, you can get in touch with us. House You can also find out more about the following: CommonsThe lower house of the U.K. The The party with the most seats wins. House You can also find out more about the following: Commons The new government usually is led by the Prime Minister.

Unlike Other voting systems do not allow for a second round of voting or a ranking of first and second choice candidates. It can therefore be difficult to convert an increase in the share of votes into parliamentary representation.

Gabriella DickensAXA economist G7 Investment ManagersIn a released note, he said Friday This election “marks a warning sign for the political system, [as] a large majority has been delivered on a little more than a third of the popular vote.”

She In this election, the voter turnout was 60%. That The second-lowest rate of turnout in the last 100 years, after 2001. turnout fell to 59.4%. This A 7.6% drop in voter turnout compared to 2019 was reported. “broader political disconnect,” The following are some of the ways to get in touch with each other Dickens.

“The scale of Labour’s majority is as much an outcome of the peculiarities of our voting system and an interplay of split votes and the [collapse of the] Scottish National Party (SNP), rather than of a resurgence in Labour’s popularity,” She said

UK's Labour Party secures landslide victory in general election

That said, Dickens Addendum to the “vote has shifted to the left more generally.”

“If the Labour government can govern over the next five years and deliver a recovery in economic growth, investment and individuals’ real incomes they should be well placed … to see a genuine improvement in the future,” She said

Meanwhile, Rob WoodChief U.K. economist Pantheon Marcoeconomics. said that investors would need to “chew over how the vote shares, right-wing Reform’s results, and voters’ willingness to shift political allegiance translates into policy.”

Nigel Farage’s Reform The UK party secured only four seats, winning 14% of popular votes.

Wood said: “Normally a majority as large as Labour’s would guarantee more than one term as government. But Mr. Starmer’s majority is not as secure as normal given the voting dynamics.”

He You can say that Labour “will likely need to move fast with policy changes to demonstrate they can deliver their promised changes.”

CNBC’s Jenni Reid You can also find out more about the following: Holly Ellyatt Contributed to this report

Source link