key atjunior. the atmosphere here, very much upbeat. labour are pretty much cock a hoop at taking this tory constituency, overturning a 20,000 plus majority. you constituency, overturning a 20,000 plus majority- plus ma ority. you are local to the area, plus majority. you are local to the area. what plus majority. you are local to the area, what did plus majority. you are local to the area, what did they plus majority. you are local to the area, what did they do plus majority. you are local to the area, what did they do to - plus majority. you are local to the area, what did they do to secure l area, what did they do to secure this huge historic victory? how do they win it? i this huge historic victory? how do they win it? they win it? i think. i think they capitalised they win it? i think. i think they capitalised on they win it? i think. i think they capitalised on widespread - capitalised on widespread dissatisfaction with the current government. don t forget, turnout
leader and the labour mayor of london are awkwardly in public trying to work out what to do and are clearly conflicted about what to do, and then that fear i suspect from them that a single issue campaign in a constituency they would have hoped to win was sufficiently strong to derail their victory. so they will be nervous around that. but overall hoping they can still win the general election. as for the liberal democrats, they are copper cooked they are cock a hoop, no doubt about that, their win in somerset colossal but a small party with limited resources, how does it manage any general election when it has to contest 20, 30, 40 election when it has to contest 20, 30, a0 seats really competitively and all of those door knockers and leaf letters and envelope stuffers are spread out all over the place. enough pondering for them all to do. and all of this involves the power of the people, doesn t it? when you get to election time the power leaves the politicians and those who talk
get a rounded picture of where we might be at. we get a rounded picture of where we might be at get a rounded picture of where we miaht be at. ~ , :, :, might be at. we should mention the liberal democrats, might be at. we should mention the liberal democrats, they might be at. we should mention the liberal democrats, they are - liberal democrats, they are cock a hoop at taking windsor and maidenhead, and we will remember the liberal democrat leader ed davey driving a tractor through what he calls the blue wall of the safe tory seats. he is obviously celebrating so far, they are hoping for more gains, and the greens are also adding to their tally? in gains, and the greens are also adding to their tally? adding to their tally? in both cases, adding to their tally? in both cases. the adding to their tally? in both cases, the truth adding to their tally? in both cases, the truth is adding to their tally? in both cases, the truth is they - adding to their tally? in both cases,
give us a sense of how people are reacting and markets are reacting to all of this. ., ., , . all of this. you would expect the markets to all of this. you would expect the markets to be all of this. you would expect the markets to be cock-a-hoop i all of this. you would expect the i markets to be cock-a-hoop about the markets to be cock a hoop about the biggest tax cuts we ve had in more than half a century, but they haven t reacted that way. as we ve heard, the pound has fallen to its lowest level since 1985, and that is partly because the city won tjust say, tax cuts, great, they will weigh up whether the prospects for growth in the public finances are realistic. when they are considering whether to buy bonds, effectively lending to the uk government, they want to know about the risks, and they are just the interest those bonds they require in order to purchase them according to those rates. investors want more money offered to them to, take the risk that they don t get paid bac