Tag Archives: budget deficit

United Kingdom

No matter who wins in the UK, deficit reduction will be the top goal

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Photo credit to AFP / Carl Court.

The one thing that both the Conservatives and Labour agree on in the 2015 election is that deficit reduction will be a priority for the United Kingdom’s next government.United Kingdom Flag Icon

To that end, when you put aside the sideshow of the proposed European Union referendum, the red lines and pledges about the National Health Service, and the vagaries of coalition politics with Scottish nationalists or Northern Irish unionists, the central question of the British general election is how to bring the budget deficit down from around 5% of GDP today to 3% or less by the end of the next government’s scheduled term in 2020.

No matter who wins today’s election, though, the next British government will prioritize deficit reduction. Though Labour leader Ed Miliband and prime minister David Cameron have very different visions for how to accomplish that, that they both agree on this goal is notable for two reasons. First, it puts Miliband and Cameron in agreement in a way that former prime minister Gordon Brown and Cameron never were in the 2010 election. Second, it means that Miliband has largely agreed to wage the 2015 campaign on Cameron’s own territory. Miliband conceded, long before the general election campaign even began, the central premise of Cameron’s 2010 campaign and subsequent government.  Continue reading No matter who wins in the UK, deficit reduction will be the top goal →

Canada, Ontario

Ontario election too close to call with 48 hours left to go

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Just two months after Québec’s extraordinary election, which devastated the sovereigntist Parti québécois (PQ) and replaced the minority government of Pauline Marois with a federalist majority government under Philippe Couillard, Ontario voters will choose their own provincial government on Thursday in what has become a tight two-way race.Canada Flag Iconontario

Politics in Anglophone-majority Ontario, however, looks nothing like politics in Francophone-majority Québec.

As in most provinces, Ontario’s political parties have only informal ties to federal political parties. But Ontario’s political framework  largely maps to the federal political scene. Accordingly, the center-left Liberal Party of Ontario is locked in a too-close-to-call fight with the center-right Progressive Conservative Party of Ontario (PC), with the progressive New Democratic Party of Ontario (NDP) trailing behind in third place.

All three parties have led provincial government the past 25 years. The Liberals are hoping to win their fourth consecutive election, after Dalton McGuinty won majority governments in 2003 and 2007 and a minority government in 2011. Under the leadership of popular former premier Mike Harris, the Progressive Conservatives won elections in 1995 and 1999. Bob Rae, formerly the interim leader of the Liberal Party of Canada, led an NDP government between 1990 and 1995.

ThreeHundredEight‘s current projection, a model based on recent polling data, gives the Liberals an edge over the Ontario PCs of just 37.3% to 36.5%, well within the margin of error. The Ontario NDP is wining 19.8% (though individual polls show that the Ontario NDP could win anywhere from 18% to 27% of the vote) and the Green Party of Ontario is winning 5.2%.

Voters elect all 107 members of Ontario’s unicameral Legislative Assembly in single-member ridings on a first-past-the-post basis. That, according to ThreeHundredEight, could result in anything from a Liberal majority government to, more likely, a hung parliament with either a Liberal or PC minority government.  Continue reading Ontario election too close to call with 48 hours left to go →