Sunak Calls the Election: What the Hell Just Happened?

this video is brought to you by brilliant well it finally happened after months and months of non-stop speculation rishy sunak has finally announced the date of the next UK general election in a statement outside Downing Street today against a gray and drizzly backdrop for Thursday the 4th of July now for many of you watching this video you might feel like this came out of the blue and don't worry it felt like this for everyone prior to Wednesday there was virtually no chatter whatso ever about a snap election the conventional wisdom remained that the most likely time for an election was towards the end of the year however things really began to speed up just before pmqs and by mid-afternoon most journalists were convinced a big announcement was imminent turns out just this once they were right so in this video we're going to have a look at what happened on Wednesday why sunx thinking on the general election date changed and what's likely to happen in the coming weeks and months [Music] before we start if you haven't already please consider subscribing and ringing the bell to stay in the loop and be notified when we release new videos so let's start by explaining how all this actually happened Wednesday started with a rare economic win for sunac the bank of England announced that inflation had fallen to 2.3% the lowest figure in almost 3 years and just over the bank's 2% Target as expected the government was Keen to try and jump on this and claim it as their Victory with Sak's own Twitter page posting this graphic now this is important to bear in mind as normally this is the sort of announcement that the government will want to keep in the news cycle for as long as possible however very quickly journalists began to jump on the news that an unusual cabinet meeting was set to take place at 4:15 p.m. with ministers being told under no uncertain terms that they had to attend this meant that two separate cabinet ministers Lord Cameron and Grant shaps had to either cut foreign trips short or cancel them all together in order to attend this cabinet meeting was set to follow a meeting of rishy sunak and his special advisers at 2 p.m. and reportedly also a meeting with the king with all the speculation reaching fever pitch sunak had two options either kill the rumors entirely or in not doing so fuel even more frenzied speculation that an election announcement was imminent he opted for the latter Mr Speaker speculation is rif so I think the public deserve a clear answer to a simple question does the Prime Minister intend to call a similar general election or is he fed Mr Speaker uh as I have said repeatedly to him there is there is Speaker spoiler alert there is going to be a general election in the second half of this year and at that moment the British people will in fact see the truth about the honorable gentleman opposite me because that will be the choice at the next election Mr Speaker a party that is not able to say to the country what they would do a party that would put at risk our hard-earned economic stability or the conservatives that are delivering a secure future for our United Kingdom the election speculation continued through the day with further reports of meetings and appearances being cancelled until finally just after 5:00 p.m. sunak stood in the rain in front of the famous black door and accompanied by an unwelcomed labor Anthem finally put an end to all the guess work our economy is now growing faster than anyone predicted outpacing Germany France and the United States and this morning it was confirmed that inflation is back to normal this means that the pressure on prices will ease and mortgage rates will come down not long after this we saw K starma looking a lot drier responding to sunak statement tonight the Prime Minister has finally announced the next general election a moment the country needs and has been waiting for and where by the force of our democracy power returns to you a chance to change for the better your future your community your country now it will feel like like a long campaign I'm sure of that but no matter what else is said and done that opportunity for change is what this election is about over the course of the last four years we've changed the labor party returned it once more to the service of working people all we ask now humbly is to do exactly the same for our country and return Britain to the service of working people the thing is this announcement actually raised more questions than it answered the two main ones being why call it now and what happens next so let's have a look at these in turn now it's not entirely clear why sunak decided that today was the day to call the election however we can speculate the most obvious reason is that he thinks things are only going to get worse while inflation has come down it's still coming down slower than expected and interest rate Cuts now look unlikely similarly recurring problems with the Rwanda plan mean that there's no guarantee it'll get off the ground before the end of the year and generally Small Boat Crossings are more prevalent in the summer months when the weather is more favorable another less obvious reason for wanting to call it sooner is that it just doesn't seem as though there'll be enough fiscal Headroom for a big tax cut pre-election alongside the inflation figures this morning the on demonstrated that public sector borrowing was2 billion higher than last year and that borrowing in April had hit 20.5 billion the fourth highest since records began in 1993 this was significantly higher than the government were hoping for the office of budget responsibility for instance had assumed that borrowing would come in at1 19.3 billion what this meant for sunac was that his main reason for holding out for an election later in the year so that he can cut taxes in the runup to it had just dissolved anyway whatever sunak was thinking we now know when the election is and we also know just how much there is for MPS to do in the next few weeks as things stand Parliament is expected to be dissolved or prorogued next Friday with MPS between now and then taking part in something known as the wash up period This is where the commons desperately tries to rush through any remaining pieces of legislation still going through Parliament before dissolution or prorogation now technically MPS can also pass something known as a car over motion which saves the piece of legislation it's specifically been passed for from being lost however these motions also need to be voted for prior to dissolution or prorogation so will need to be sorted by next Friday once this is all done or potentially even as this is happening political parties will need to select their candidates due to the short nature of the campaign period they won't have enough time to properly vet each of their candidates so it's likely that throughout the 5 weeks campaigning period and possibly even during the next Parliament itself we'll see candidates called up for all sorts of previous behavior that regular vetting would likely have caught now this isn't the only byproduct of a short campaign though we'll also likely see plenty of hastily written manifestos last minute debates and a good deal of political communication gaffs and don't worry we'll be with you throughout the campaign period and Beyond bringing you explainer videos on everything from debates and party broadcasts to the manifestos and policy announcements we'll be doing that not just here on the UK Channel but also over on the tldr podcast Channel where the team will regularly analyze and dissect everything going on in the runup to this historic election in our brand new podcast series the first episode will go live over there later today so make sure you check it out now heading into the election according to polls it appears that the conservatives will lose quite a lot of seats leading to many MPS closing the chapter on their 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Channel: TLDR News

Views: 613,519

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Id: Uc9NnN3hmWI

Length: 9min 54sec (594 seconds)

Published: Thu May 23 2024