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The economic indicator that hurt the Tories on June 8 is now signalling it will kill them at the next election

“The decline is significant because it was one of very few economic indicators that correctly predicted Prime Minister Theresa May would lose seats in the June 8 snap election” writes Jim Edwards for businessinsider.com. Here, for context, is Tombs’ expectation of what the GfK Consumer Confidence measure said about the Tories’ chances in the election back in May: Note that the crucial level is -10.Car registrations tend to track consumer confidence.The index also flashes a warning that May ought to not to be tempted to call another election anytime soon.If an election occurs when confidence is below the -10 line, the majority of the previous government is reduced or overturned, history says.
 
Source: businessinsider.com



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