The poverty index, which has averaged about 12 since Son took office, shows general dissatisfaction with the economy, reminiscent of the 1990s. Although the outlook for the coming months is optimistic and an economic transformation may be on the way, tangible benefits may not immediately attract voters. Sunak's decision to postpone the election until the autumn is in line with expectations of an easing recession, lower inflation, higher real wages and lower interest rates.
Inflation remains the most serious problem Sunak faces, as loan interest rates are now high in the country. However, forecasts point to a more positive outlook, with inflation expected to moderate and unemployment to rise slightly. However, challenges remain, including high tax burdens, funding problems for public services, and persistent economic hardship that extends across generations.
As Sunak tries to deal with these economic difficulties, his party's popularity has already begun to decline, according to opinion polls, as ruling parties lose power after periods of economic crisis. The Labor Party currently receives 40-45% of the votes, while the Conservative Party will receive only 20-24% in the elections currently taking place.
Cover photo: British Prime Minister Rishi Sunak during a visit to the Rolls-Royce factory on March 14, 2024 in Bristol, England. Image source: Leon Neal/Getty Images
