Conservatives secure convincing election majority

The UK electorate voted with their feet yesterday to give Prime Minster Johnson’s government a majority in the Houses of Parliament not seen since the days of Margret Thatcher. The Conservatives secured 363 seats comprising of 43.6% of the total vote and a massive 49 seat increase from their previous position. Labour on the other hand, suffered one of the worst defeats since the war with just 202 seats secured which represents a loss of 60 seats. Labour’s performance has prompted many in the country and within the Labour party to call for Jeremy Corbyn to stand down as leader of the Labour Party. The pound jumped 2% on the news with UK equity futures pointing to a rally when the market opens.