UK General Election July 4th 2024 - Trading ONLY thread

[Euler]

Looking at the vote share 65%ish of people didn't vote for Labour. That's going to be huge at the next election.

[firlandsfarm]

Taken from Chris Fawcett on X

Looks like Labour in 2024 will end up with under 10,000,000 votes to get 411+ seats.

Labour under Corbyn in 2019 had a crushing defeat with 10,295,912 votes and only got 203 seats. In 2017 Labour got 262 seats and 12,877,918. Almost 3m more than Starmer's massive majority got.

The ability for our electoral system to expose statistical anomalies is clear. It cannot be right that Reform/Greens and others will get more votes than LibDems but only a very small fraction of their seats. How is that democracy when the rules are stacked against the minority parties. The problem is the government in power will never change a system that guarantees them a 50/50 chance of being in power!

[Derek27]

If Putin launches a nuclear strike on the UK now, we're PMless! We'll have to wait a few minutes before we have a PM, but the old cabinet will still be in place!

[firlandsfarm]

Apparently, the King, after accepting Sunak's resignation, is required to ask Sunak for advice on who he should call to form a government, where Sunak is constitutionally required to say Starmer and likewise, the King has to take his advice.

What a shit show our constitution is!!

I'm not sure you are right to say the King/Queen "has to take his advice", I think you will find he/she just does ... there would be uproar if he said "thanks but I was thinking of asking Jeremy Corbyn"!!

[Derek27]

The first major decision for Starmer as PM, does he step out with an umbrella?

[sniffer66]

Apparently, the King, after accepting Sunak's resignation, is required to ask Sunak for advice on who he should call to form a government, where Sunak is constitutionally required to say Starmer and likewise, the King has to take his advice.

What a shit show our constitution is!!

Known as the "Mother of Parliaments", we actually have one of the greatest constitutions in the world - The Westminster model bas been copied over and over. A mix of Common Law, legislation and precedent. We do have some archaic customs though - such as asking the monarch for permission to form a government. It's entirely custom though. If anyone went against the protocol there would be uproar

I studied and have qualifications in British Law, Govt and Politics and the British Constitution, and believe me there are far, far worse out there.

[jamesedwards]

Lost on my long term "no overall majority" position thanks to Nigel. But had a fantastic night's trading with four-figure winnings across the turnout%, conservative seats >99.5, most seats without Labour, and Reform <7 seats markets. All just from my phone too. Next time I'm going to sit at my PC all night and do it properly.

[Derek27]

If anyone went against the protocol there would be uproar

That's what I don't like. We shouldn't rely on "uproar" in a democracy. On very rare occasions, flaws in the law become exposed resulting in public uproar and a change in the law, but this is something that happens every few years. I've no issue with traditions like the state opening of parliament, for something as important as selecting a PM, these daft traditions and protocols need to be binned.

[Euler]

Known as the "Mother of Parliaments", we actually have one of the greatest constitutions in the world - The Westminster model bas been copied over and over. A mix of Common Law, legislation and precedent. We do have some archaic customs though - such as asking the monarch for permission to form a government. It's entirely custom though. If anyone went against the protocol there would be uproar

I studied and have qualifications in British Law, Govt and Politics and the British Constitution, and believe me there are far, far worse out there.

And with that news, I'm lining you up as the starter on the next Election thread

[Euler]

Some interesting and very tradeable markets last night

[Derek27]

That was a close shave for Starmer. Just moments after finishing his speech, people are getting their umbrellas out!

[sniffer66]

Known as the "Mother of Parliaments", we actually have one of the greatest constitutions in the world - The Westminster model bas been copied over and over. A mix of Common Law, legislation and precedent. We do have some archaic customs though - such as asking the monarch for permission to form a government. It's entirely custom though. If anyone went against the protocol there would be uproar

I studied and have qualifications in British Law, Govt and Politics and the British Constitution, and believe me there are far, far worse out there.

And with that news, I'm lining you up as the starter on the next Election thread

Ha ! Did I forget to mention that was 40 years ago ?

[Archangel]

The list of potential candidates for new conservative leader would make you weep...

[Euler]

The list of potential candidates for new conservative leader would make you weep...

I'm guessing you can only choose from current MP's?

[jamesedwards]

With Derek's somewhat freaky obsession with Sunak and the rain, I thought he would enjoy this image...

Screenshot_20240705_131239_Samsung Internet.jpg