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Free AccessConservative MP Pincher Resigns, Triggering Another By-Election
Conservative MP for Tamworth Christopher Pincher has resigned this morning following his suspension from the House of Commons over groping allegations. As such, a by-election will be triggered, and there is the prospect that this could take place on the same day as, or soon after, the by-election in the Conservative-held seat of Mid Bedfordshire taking place on 19 Oct following the resignation of Nadine Dorries.
- For PM Rishi Sunak and his Conservative party the timing by-elections will be unwelcome news. The seats would usually be viewed as relatively safe for the centre-right Conservatives, holding Mid Bedforshire with a majority of over 24k, and Tamworth with over 19k votes.
- If there were just one by-election taking place both the opposition centre-left Labour Party and centrist Liberal Democrats would be heavily contesting the seats, potentially allowing the Conservatives to hold both thanks to the plurality electoral system.
- However, should both take place simultaneously/in close succession, Labour and the Liberal Democrats may focus their efforts on one seat and not the other. This raises the prospect for the Conservatives of losing both seats.
- Losing both seats could push the gov't into including more 'giveaways' in the 22 November Autumn Statement in the form of tax cuts or spending increases in an effort to bolster support ahead of the next general election, likely in May or autumn 2024.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.