UK election on July 4: What would Labour Party win mean for crypto?

While nothing is assured in politics, the Labour Party has a commanding lead in the polls just six weeks away from the general election.

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United Kingdom prime minister (PM) Rishi Sunak, leader of the conservative party, announced on May 22 that general elections would take place on July 4. 

The timing may come as a bit of a surprise to many, but the announcement appears to have received the unabated approval of the U.K.’s Labour Party, the conservatives’ chief rival for the PM’s seat, much to the reported chagrin of Sunak’s fellow conservatives.

There’s no secret why Labour’s keen to get the elections over with: as of current, local polling shows overwhelming support for Labour Party leader Sir Keir Starmer.

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