Conservatism

KBRA Releases Research – European CLO Manager Style Comparisons: April 2024 Update

Retrieved on: 
Lunedì, Aprile 29, 2024

KBRA releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.

Key Points: 
  • KBRA releases a report that examines the different strategies adopted by collateralised loan obligation (CLO) managers.
  • An individual CLO manager’s style or approach to investing in a pool of leveraged loans can vary compared to peers.
  • As part of KBRA’s series examining European CLO manager styles, this report examines cross-metric comparisons that could offer insight on potential strategies employed across the market.
  • In a reversion from our October report, conservative managers have become more convincingly conservative, while the more opportunistic managers have become less convincingly opportunistic.

Ex-Tory Minister ‘disgusted’ at Conservative Party for ‘blatantly going against’ the UN on climate commitments, as he declares support for Labour policy in interview with CEO Chris Caldwell of United Renewables

Retrieved on: 
Giovedì, Aprile 11, 2024

DOUGLAS, Isle of Man, April 11, 2024 (GLOBE NEWSWIRE) -- The Conservative party is ‘playing at culture wars,’ on climate whilst rolling back critical policy commitments which he himself signed into law, former Minister Chris Skidmore declared today.

Key Points: 
  • ‘The current iteration of the Conservative Party is not the Conservative Party I became a Member of Parliament with,’ he told host Chris Caldwell, CEO of clean energy firm United Renewables.
  • ‘You can see a number of the difficulties it is facing because some of the MPs I simply wouldn’t recognise, back in 2010, as being Conservatives.
  • This episode, featuring Chris Skidmore OBE, is available now for viewing in two parts.
  • To discover more about the podcast and tune in to the latest episodes, visit the United Renewables website .

Sadiq Khan on track for third term as London mayor – but nearly half of Londoners dissatisfied with performance

Retrieved on: 
Giovedì, Aprile 25, 2024

Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2.

Key Points: 
  • Polls have consistently shown that the incumbent mayor of London, Sadiq Khan, appears to be on track to win a third term in office at the upcoming mayoral elections on May 2.
  • One poll we commissioned as part of our Polling London series in October 2023 put Khan ahead of his Conservative rival, Susan Hall, by 50 points to 25 (a 25-point lead for Khan).

Low satisfaction ratings

  • Khan’s lead in the mayoral race is not built on high levels of satisfaction with his previous performance in the role.
  • Khan’s rather lacklustre approval ratings make his lead appear rather more shallow.
  • This could be due to Khan’s decision, which came into effect in August 2023, to expand the ultra low emissions zone (Ulez).
  • This helps to explain why Khan is doing better in the mayoral race than his satisfaction ratings might suggest.

Policing, crime and personal safety

  • A recent poll, commissioned by the Mile End Institute, where we are both based, and fielded by YouGov from February 12-19 2024, found that 52% of Londoners felt policing, crime and personal safety was one of the most important issues currently facing the city and its population.
  • Meanwhile 46% opted for the provision of affordable quality homes and 37% for healthcare provision in the capital.
  • The next most important issue, according to Londoners, was the affordability of public transport, which 25% of respondents highlighted.
  • Londoners’ concerns about policing, crime and personal safety are likely, at least in part, to be a reflection of their low levels of trust in the Metropolitan police service.


Farah Hussain was a Labour Party local councillor in the London Borough of Redbridge 2014-2022. Elizabeth Simon does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

A Labour landslide could make this the most disproportionate election since universal suffrage – time for electoral reform?

Retrieved on: 
Giovedì, Aprile 25, 2024

Polls ahead of the UK election not only point towards defeat for the government, but a veritable trouncing.

Key Points: 
  • Polls ahead of the UK election not only point towards defeat for the government, but a veritable trouncing.
  • Some multiple regression and post-stratification (MRP) polls, which enable seat-level analysis, suggest record margins of defeat.
  • A huge Labour majority is likely to come off the back of a disproportionately small number of votes.

Follow the losers

  • It’s common for the number of seats in parliament that a party wins to be highly disproportionate to its share of the overall vote.
  • Looking at the vote shares of election losers between 1929 and 2019, there is an almost perfect correlation of -0.9 between the losing major party’s vote share and the proportionality of the election outcome.
  • I’ve plotted the vote shares of the losers against the Gallagher index, which is the most widely used measure of proportionality.


Basically, as the losing party’s vote share approaches 50%, which is when we are witnessing a highly competitive two-horse race, FPTP can produce very proportional outcomes, with Gallagher index scores of sometimes below 5 (scores more typical in proportional representation systems). But as the losing major party’s vote share drops below 40%, Gallagher index scores get into double figures.

Why so disproportionate?

  • This is a very linear effect – the lower the vote share the second party gets, the more disproportionate the overall election result.
  • The first scenario is when the party system fragments and more votes go to third parties.
  • The other scenario is a very asymmetric two-party race, where the second-largest party heavily trails the winner.
  • Whenever one party moves clearly ahead of the other, disproportionality reaches levels higher than ever witnessed in the UK.

2024: a perfect storm

  • It is fragmented and there is significant asymmetry in the polling for the two main parties.
  • But the expected disproportionality in the upcoming election will be down to the Labour lead more than the degree of fragmentation.
  • In the UK’s FPTP system, both major parties’ seat shares depend heavily on how much of a lead the winner has over the loser.
  • The difference of an increase in the Labour lead by just a couple of points can change a lot under FPTP.


For proponents of electoral reform, the upcoming election is set to provide a mixed bag. On one hand, a massive Labour win renders it unlikely that the party itself would contemplate reform. On the other, anything near a two-thirds majority for Labour on the back of a vote share barely above 40%, together with severe under-representation of the Conservatives, could expose the distorting nature of FPTP more than any election in living memory.
Heinz Brandenburg does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Ignoring Welsh farmers’ protests is a dangerous move for politicians

Retrieved on: 
Martedì, Aprile 23, 2024

The tactics appear to have worked, with under-pressure ministers reportedly working on an update to the policy.

Key Points: 
  • The tactics appear to have worked, with under-pressure ministers reportedly working on an update to the policy.
  • We find the same in our new polling about the Welsh government – something that should be considered in the debate over the SFS.

A Europe-wide divide

  • This is only the latest manifestation of “rural resentment” – beliefs that rural communities are economically, socially and politically marginalised.
  • These sentiments have been associated with support for former US president Donald Trump and radical right parties across Europe.
  • Political discourse in recent years has focused more on heavily Brexit-voting urban areas in the north of England.
  • The real divide is political, but not party political.

Anti-Labour or anti-politics?

  • In Wales, there are some differences but party supporters are still very happy to criticise governments run by parties they support.
  • The most robust association we found in the cross-country study was between the perception of bias and trust in politics.
  • This carries over into the Welsh study: lower trust in Welsh politics is associated with urban bias perceptions, particularly with stronger perceptions.

Risk or opportunity?

  • For now, Welsh Labour has a huge poll lead over its rivals, which may cushion against electoral punishment even if it ploughs ahead with the SFS.
  • What’s more, the risk of allowing perceptions of anti-rural bias to fester is that it brings the wider political system (including the Welsh devolved institutions) into disrepute.


Lawrence McKay receives funding from the British Academy to research urban-rural divides in Western Europe (grant number: PF22\220092)
Davide Vampa receives funding from the British Academy for the project “Exploring the Emergence of New Territorial Divides after Devolution: An Analysis of the Socio-Political Gap between Capital Cities and Peripheral Areas in Scotland and Wales” (grant number: SRG23\230264)

Sky-high waiting times don’t make people trust the NHS any less – why that’s potentially bad news for Rishi Sunak

Retrieved on: 
Giovedì, Aprile 18, 2024

Waiting times in accident and emergency and referral times for specialist treatment remain staggeringly high.

Key Points: 
  • Waiting times in accident and emergency and referral times for specialist treatment remain staggeringly high.
  • As researchers on trust, this led us to a question: do high waiting times mean people trust the NHS less?
  • Trust is hugely important to society, as it tells us so much about people’s faith in the integrity of institutions.
  • On a seven-point scale, trust in the NHS was a full two points higher than trust in parliament.

Toronto & York Region Labour Council: “No More Cuts, Fund Our Schools” Rally

Retrieved on: 
Martedì, Aprile 2, 2024

Coming together under the “Fund Our Schools” banner, the rally organized by the Toronto & York Region Labour Council coincides with the vote on the 2024-2025 school budget at the Toronto District School Board (TDSB) headquarters at 5050 Yonge Street.

Key Points: 
  • Coming together under the “Fund Our Schools” banner, the rally organized by the Toronto & York Region Labour Council coincides with the vote on the 2024-2025 school budget at the Toronto District School Board (TDSB) headquarters at 5050 Yonge Street.
  • Drawing attention to the real cause of the crisis in the schools, the Fund Our Schools campaign.
  • It highlights that since 2018, inflation-adjusted funding had been cut by well over $1200 per student by the Conservative Government.
  • These stories revealed a myriad of issues in schools, from lack of support for students with special needs, violence, and overwork.

Toronto & York Region Labour Council: No More Cuts – Fund Our Schools NOW!

Retrieved on: 
Giovedì, Marzo 28, 2024

Education workers and parents/caregivers are demanding “NO MORE CUTS - Fund Our Schools Now.” Members from Elementary Teachers of Toronto, OSSTF Toronto, and Toronto Education Worker Local 4400 will be gathering with members of parent advocacy groups, such as the Ontario Autism Coalition, and a broad coalition of supporters to protest the Conservative Government’s ongoing cuts to publicly-funded education workers in the Province under the banner “Fund Our Schools.”

Key Points: 
  • Education workers and parents/caregivers are demanding “NO MORE CUTS - Fund Our Schools Now.” Members from Elementary Teachers of Toronto, OSSTF Toronto, and Toronto Education Worker Local 4400 will be gathering with members of parent advocacy groups, such as the Ontario Autism Coalition, and a broad coalition of supporters to protest the Conservative Government’s ongoing cuts to publicly-funded education workers in the Province under the banner “Fund Our Schools.”
    Who: Toronto & York Region Labour Council; Elementary Teachers of Toronto; OSSTF Toronto, and;
    Why: Year after year, Conservative cuts to education funding have hurt our students.
  • Since 2018, inflation-adjusted education funding has been cut by over $1200 per student, and these cuts have impacted every school.
  • Parents and caregivers along with TDSB unions and their members have banded together to tell Conservative MPPs to FUND OUR SCHOOLS.
  • Jennifer Huang, Executive Assistant, Toronto & York Region Labour Council Phone: 416-886-4082

Glaring Omission: Ford Government Budget Ignores Teachers, Failing Students Yet Again

Retrieved on: 
Martedì, Marzo 26, 2024

It is Ontario’s teachers that make our schools world class, and this budget does nothing to support the critical work that they do.

Key Points: 
  • It is Ontario’s teachers that make our schools world class, and this budget does nothing to support the critical work that they do.
  • But to be at our best, we need a government that makes education and students a priority.
  • A government that makes the real investments necessary to foster healthier schools for students and teachers alike.
  • Instead, Ontarians have the Ford Conservative government, which would rather use the budget to paper over its failings with cheap accounting tricks to hide its growing inflationary cuts to education.

Germany decriminalised cannabis: why the UK should consider doing the same

Retrieved on: 
Martedì, Aprile 9, 2024

This policy allows over-18s to possess a maximum of 25 grams of cannabis for personal use and grow up to three plants at home.

Key Points: 
  • This policy allows over-18s to possess a maximum of 25 grams of cannabis for personal use and grow up to three plants at home.
  • The UK government cites concerns about the risk to mental health associated with using cannabis as a justification for supporting prohibition.

Cannabis and mental health

  • There is extensive research exploring the relationship between cannabis and mental health problems, such as psychosis.
  • The evidence suggests that some people may be more vulnerable than others to developing psychosis through cannabis use.
  • The risk to mental health associated with cannabis, then, is relatively low.

Alcohol and tobacco: regulated but riskier

  • Unlike cannabis, alcohol is regulated in the UK.
  • As with cannabis, there are risks to mental health as a consequence of using alcohol.
  • The risk of developing depression among heavy alcohol use is significant: one in two will experience depression.
  • So despite alcohol being regulated or legal, the risks to a person’s mental health are greater than those posed by cannabis.

Public health

  • In contrast, German policy reform includes a public health education programme which aims to reduce the risks of using cannabis.
  • In 2007, when the Labour government introduced a ban on smoking in public areas, this wasn’t supported by many people.
  • The risks to health from using cannabis, then, are relatively small compared to regulated drugs such as alcohol and tobacco.
  • As the UK public finances continue to be squeezed, particularly around the NHS, persisting with the prohibition of cannabis is a missed opportunity for the nation’s health and a costly policy for its public services.


Mark Monaghan receives funding from UK Government, Cabinet Office and the ESRC. He has in the past received funding from the Nuffield Foundation. Ian Hamilton does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.