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Jim Edwards, founding editor of U.K. edition of Business Insider, writes an article with insights from the Nate Silver of London:

"On May 19, three weeks before the general election, Pantheon Macronomics analyst Samuel Tombs published [a] chart showing the relationship between consumer confidence and the size of a UK government's majority in the House of Commons after a general election. He predicted 'only a slender Tory win.'''

Why it matters: "The economic data, Tombs argued, pointed to an electorate that was unhappy — because of low pay and insecure work — and therefore could not be expected to vote enthusiastically for a sitting government."

Sound familiar? "An election that has deepened UK divisions" — Financial Times front-page column by Editorial Director Robert Shrimsley:

"Far from settling the divisions exposed by the Brexit referendum, this election appears to have sharpened them. To purloin the words used of another Tory leader: [Prime Minister Theresa May] remains 'in office but not in power,' dependent on the goodwill of one of most sectarian and sectional political parties in the UK."

Great N.Y. Times online headline for print lead story: "The British Election That Somehow Made Brexit Even Harder."

Sidebar on A1: Labour Chief "Jeremy Corbyn Lost U.K. Election, but Is Still Its Biggest Winner."

Go deeper

Updated 31 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: California to independently review FDA-approved coronavirus vaccines
  4. Wisconsin judge reimposes capacity limit on indoor venues.
  5. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  6. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  7. Sports: We've entered the era of limited fan attendance.
  8. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
57 mins ago - Economy & Business

The 2020 holiday season may just kill Main Street

Illustration: Eniola Odetunde/Axios

Online retail and e-commerce have been chipping away at brick-and-mortar businesses over the years but the combination of the coronavirus pandemic and the 2020 holiday season may prove to be a knockout blow.

State of play: Anxious consumers say financial concerns and health worries will push them to spend less money this year and to do more of their limited spending online.

California to independently review FDA-approved coronavirus vaccines

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California will "independently review" all coronavirus vaccines approved by the Food and Drug Administration before allowing their distribution, Gov. Gavin Newsom (D) announced at a news conference Monday.

Why it matters: The move that comes days after NAID director Anthony Fauci said he had "strong confidence" in FDA-approved vaccines could cast further public doubt that the federal government could release a vaccine based on political motives, rather than safety and efficacy.