13.11.201900:53 Forex Analysis & Reviews: GBP/USD. What do Conservatives and Labour offer to their voters?

We have repeatedly said that in the upcoming elections to the British Parliament, voters will vote not for this or that party, but for one or another Brexit outcome, which a certain party promises. However, Brexit is Brexit, and the country will have to live after it or during it (depending on how it all ends). Thus, the choice of this or that candidate will matter in the context of the country's future life, as well as its citizens, who will elect 650 country leaders on December 12. Today we offer you to familiarize yourself with the key campaign promises of the two largest parties in the UK. Few people doubt that either Conservatives or Labour would win.

The key issue is still Brexit. It excites and interests both the electorate and the government itself. Conservatives in this matter are fully in solidarity with their leader and Prime Minister Boris Johnson. They promise to bring the country's exit from the EU to the end and on time, that is, exactly on the new date - until December 31. Conservatives convince the population that it is time to end Brexit, which was elected by the people themselves, and finally tackle other equally important issues. For example, the country's economy, which after Brexit will have to deal very long and hard, or in the health sector. Conservatives also promise to sign an agreement with the European Union on free trade, and Boris Johnson also intends to sign a huge trade agreement with America after Brexit. Labour is more controversial on this issue. Jeremy Corbyn has repeatedly been accused of not having a clear position on Brexit. Labour promises its voters to make a better deal with the European Union, and then hold a new referendum at which residents of the UK will be asked to choose between a new "deal" and to refuse to leave the EU. Other political parties have a different view of Brexit, but they have too little chance of winning the election. For example, the Liberal Democrats clearly oppose the country's exit from the EU, they propose to stop this procedure, and the Brexit party, on the contrary, supports the "hard" scenario of a "divorce" with the European Union, without concluding any agreements.

Things are more complicated on the defense issue. Conservatives want to leave the EU, in particular, because of defense differences. The UK is considered the most powerful military power of the European Union, along with France which possesses nuclear weapons, so in this matter, the EU needs Britain, and not vice versa. Laborites point out that the size of the British army in the last 10 years is only declining and promise to maintain NATO membership.

One of the most important issues in which the promises and positions of Labour and Conservatives are fundamentally different is the issue of migration. Conservatives believe that migrants from other European countries go to Britain for benefits and advocate restricting freedom of movement. It is for the purpose of stopping the flow of illegal immigrants that London wants to regain control of its borders. Labour on this issue take a softer position, believing that the human right to free movement should be preserved, and also call for abandoning the rule that a person's right to be in the country depends on his income and investment in the British economy.

We believe that election promises are stronger precisely with Conservatives. In principle, this is probably why they have regularly won elections in recent years. However, we also believe that even a coalition with the Brexit party will not bring an unambiguous victory to Boris Johnson, which would allow him to make decisions and laws on his own. We believe that the coalition parties will remain at their strength, which will allow them to continue to fight for Brexit and against the policy of Boris Johnson.