UK Cameron Getting House In Order

U.K. Prime Minister David Cameron’s lieutenants moved to discipline his Conservative Party, telling lawmakers and members of his Cabinet to stop undermining him and focus on the opposition.

In the past three weeks, Cameron has seen the U.K.’s credit-rating downgraded and his party, already behind in the polls for a year, pushed into third place in a special election, stoking criticism of his leadership.

At a morning meeting of Conservative Cabinet members yesterday, Education Secretary Michael Gove attacked those in the room who were positioning themselves to succeed Cameron. He didn’t name names, according to one person present who declined to be identified. Home Secretary Theresa May on March 9 gave a speech that ranged far from her brief and set out her views of the agenda on which the party should fight the 2015 election.

At a private meeting for lawmakers in Parliament later in the day, Cameron faced his rank and file. According to two of those present, his newly appointed election strategist, Lynton Crosby, told them they must decide whether they were commentators or participants in the political fight. They were urged to think about the impression created by their comments on the Twitter Inc. social network.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu