Theresa May loses power despite being in office
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."