Polls counsel Labour landslide as Britain votes

Good morning. It’s election day within the UK, with the Labour get together anticipated to win energy in a historic landslide, leaving Prime Minister Rishi Sunak’s Conservatives dealing with one of many worst defeats in its historical past.

A collection of opinion polls have steered Sir Keir Starmer’s get together is on the right track to win a Home of Commons majority of greater than 200, beating Sir Tony Blair’s 179 majority in 1997 and giving Labour its first normal election victory since 2005.

For those who want a recap of the marketing campaign path, learn our abstract of defining moments from the previous six weeks, from Sunak’s soggy begin to the election-betting scandal. In any other case, listed here are some solutions to key questions you might have as Britons begin heading to the polls this morning:

After voting, be a part of FT consultants together with Inside Politics publication author Stephen Bush and Political Repair podcast host Lucy Fisher as they break down the leads to our subscriber-only webinar tomorrow at 1pm GMT+1. Register now.

Right here’s what else is occurring right now:

• Financial knowledge: Building buying managers’ indices are anticipated for the EU, UK, Germany and France, whereas Switzerland has its June client worth index and unemployment fee.

• EU-China commerce: The bloc’s tariffs on electrical car imports from China come into drive.

• Markets closed: The US celebrates Independence Day.

5 extra prime tales

1. European central bankers have warned that dangers together with commerce tensions and excessive authorities debt are piling up for the area’s economic system. On the European Central Financial institution’s annual convention this week, falling inflation and rebounding progress within the Eurozone had been overshadowed by the victory of Marine Le Pen’s far-right eurosceptic get together within the first spherical of France’s parliamentary election. Martin Arnold stories from the occasion held at a luxurious lodge in Sintra, close to Lisbon.

2. Democratic state governors have backed Joe Biden regardless of polls displaying a pointy fall in help for his candidacy and amid hypothesis that Kamala Harris may substitute him within the White Home race. The US president yesterday met greater than 20 influential Democratic governors, together with these seen as potential successors if he withdraws, shortly after a closed-door lunch along with his vice-president. We’ve extra from Washington as strain mounts on Biden.

• Biden’s chief fundraiser: Media mogul Jeffrey Katzenberg is dealing with blowback from Hollywood donors who accuse him of downplaying the president’s declining well being.

• Is Kamala Harris prepared?: As Biden’s help within the get together leaks away, the vice-president is the main contender to interchange him. However how will she carry out towards Donald Trump?

3. Unique: Meals from outdoors the EU is getting into Britain unchecked, customs brokers have warned. Sevington, the nation’s major post-Brexit border management facility, has been beset by communication points and delays because it struggles to implement a controls regime, the individuals stated. Brokers informed the Monetary Occasions that doubtlessly dangerous animal and plant merchandise are now getting into with weaker checks or none in any respect.

4. The following UK authorities ought to penalise start-ups that settle for state help in the event that they later record abroad or transfer priceless operations overseas, in line with the foyer group for British banks. UK Finance stated in a paper this week: “There’s a robust case for linking taxpayer helps to future commitments to utilizing UK public markets and working within the UK.” Listed below are extra particulars from the group’s paper.

5. SoftBank is decided to prioritise investments in synthetic intelligence and has no plans for a direct share buyback regardless of strain for a $15bn capital return programme from Elliott. “We consider this can be a time when new funding exercise needs to be going down that would be the foundation for the longer term progress of SoftBank Group,” the Japanese group’s chief monetary officer informed the FT, whereas declining to touch upon any particular exchanges with the activist investor. Learn the complete interview.

The Large Learn

Though pollsters count on France to have a hung parliament after Sunday’s vote, Rassemblement Nationwide remains to be anticipated to be the most important drive within the Nationwide Meeting with probably the most seats. Previous-school retail politics have helped to detoxify the far-right motion based by Marine Le Pen’s father and convey the get together from fringe opposition to the brink of political energy.

Don’t miss the pre-election particular version of Europe Categorical this Saturday, and submit your questions to our panel of FT consultants. Tune in for his or her responses at lunchtime on Monday.

We’re additionally studying . . . 

• Iranian election: The presidential race between a reformist and a hardliner will likely be determined tomorrow by the silent majority who boycotted the primary spherical of voting.

• An untold Nato story: Greater than two dozen individuals spoke to Henry Foy about one of many alliance’s most chaotic episodes: when Donald Trump threatened to withdraw help in 2018.

• Preqin deal: Founder Mark O’Hare has been catapulted into the ranks of Britain’s wealthiest individuals after the sale of the UK knowledge group for £2.5bn to BlackRock.

• AI market hype: The temper remains to be fragile as traders battle to shake the sensation that issues are merely dusted in glitter, writes Katie Martin.

Chart of the day

Nearly two and a half years since Russia’s full-scale invasion of Ukraine, Europeans have extensively diverging views on how the battle will — or ought to — finish, in line with a survey by the European Council on Overseas Relations.

Take a break from the information

Lhakpa Sherpa, a home cleaner and mom of two, has climbed Mount Everest 10 instances, with little assist from sponsors. Simon Usborne particulars her wonderful double life and the even larger challenges she has overcome off the mountain.

Extra contributions from Harvey Nriapia and Benjamin Wilhelm