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The Guardian - UK
The Guardian - UK
Comment
Larry Elliott

Why is Britain’s economy so stuck? It’s the tension between what voters want and what the bond markets allow

Rectangular bits of confetti fall down past a panel of people, some applauding, in front of a sign reading
Market opening at the London Stock Exchange, 19 January 2026. Photograph: Jonathan Brady/PA

The days of two-party politics are over. When voters go to the polls in England next week, they will have five main contenders to choose from. In Scotland and Wales, the nationalists make it a six-strong race.

This fragmentation reflects the deep discontent with Labour and the Conservatives. One thing in common between the Greens and Reform UK is that they are each benefiting from a sense that radical parties are worth a punt because nothing could be worse than it is now.

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