Economic liberalism

Political and economic ideology

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2024 France began a new austerity period
2024 The Conservative Party faces significant electoral challenges and declining popularity in preparation for the upcoming general election.
2024 Implemented a ban on smoking for future generations, with a strategic goal of making England smoke-free by 2030.
July 4 2024 Kemi Badenoch became the Conservative Party leader following Sunak's defeat and resignation.
July 4 2024 The 2024 general election took place, resulting in the Conservative Party's lowest seat total in its history. Rishi Sunak was defeated and resigned.
May 22 2024 Rishi Sunak announced a general election to be held on 4 July 2024.
2023 Finland began a new austerity period
2023 Launch of New Conservatives group by mostly 'red wall' MPs, representing a new internal faction within the Conservative Party.
2023 Serious allegations emerged of multiple rape cases against an unnamed Tory MP, with Baroness Warsi publicly highlighting the party's systemic issues in handling sexual misconduct complaints.
2022 Argentina started another period of austerity
2022 The Conservative government experienced extraordinary political turmoil, with three different prime ministers serving in the same year.
2022 Good Law Project investigation finds the Conservatives have accepted at least £243,000 from Russia and Kremlin-associated donors since the start of the Ukraine war.
November 25 2022 Kemi Badenoch is appointed as Minister of State for Equalities and joined the Cabinet, representing a significant moment for diversity in the Conservative Party leadership.
October 25 2022 Rishi Sunak becomes Prime Minister, replacing Liz Truss after her brief and turbulent leadership, becoming the first British Asian to hold the office.
October 24 2022 Rishi Sunak became the first British Asian Leader of the Conservative Party and the first British Asian Prime Minister.
October 20 2022 Liz Truss resigns as Prime Minister after just 45 days in office, the shortest tenure in British political history.
September 23 2022 Truss introduces her mini-budget, which faces severe criticism. The pound falls to a record low of 1.03 against the dollar, and UK government gilt yields rise to 4.3 per cent, forcing the Bank of England to trigger an emergency bond-buying programme.
September 6 2022 Liz Truss becomes Prime Minister, succeeding Boris Johnson, though her tenure is notably short.
September 5 2022 Liz Truss confirmed as Boris Johnson's successor as Conservative Party leader following a leadership election.
July 2022 Conservative Party membership decreased to 172,437 members.
July 7 2022 Boris Johnson resigns as Prime Minister following a series of scandals and loss of party support, including the Partygate controversy.
April 2022 The Metropolitan Police fined Boris Johnson for breaking COVID-19 lockdown rules.
February 2022 Labour Party reports that donors with Russian connections have given £1.93m to the Conservative Party since Boris Johnson's premiership began.
2021 A study revealed that European incumbent governments that implemented austerity measures during the Great Recession lost support in opinion polls.
2021 Conservatives announced plans to cut carbon emissions by 78% by 2035.
November 18 2021 The Conservative government announced the largest public investment in Britain's rail network, totaling £96 billion. The Integrated Rail Plan includes partly renationalizing the rail network under Great British Railways, creating three new high-speed lines, and promising improved rail connections in the North and Midlands.
March 2021 Party membership rose to 200,000 members.
January 2021 Barclays Bank traces a donation to its Russian source and reports to the National Crime Agency.
2020 A study using survey experiments in the UK, Portugal, Spain, Italy, and Germany found that voters strongly disapprove of austerity measures, particularly spending cuts.
2020 A comprehensive study examined the impact of austerity measures on default risk, finding that such policies increase default risk during severe fiscal stress but potentially reduce default risk in low fiscal stress scenarios.
2020 Mexico adopted austerity measures
2020 The Conservative Party announced new funding for active travel infrastructure, with a goal to make England a 'great walking and cycling nation'. The plan included £2 billion in additional funding over five years and established Active Travel England, an new inspectorate aimed at promoting cycling and walking.
2020 The Conservative government handles the COVID-19 pandemic, implementing various lockdown and public health measures during the global health crisis.
November 2020 Conservatives announced a 10-point plan for a 'green industrial revolution', including ending sales of petrol and diesel cars, quadrupling offshore wind power capacity, and funding emissions-cutting proposals.
July 2020 Intelligence and Security Committee publishes Russia report, further increasing scrutiny of Conservative Party's Russian connections.
April 2020 Boris Johnson is hospitalized with COVID-19, experiencing serious symptoms and spending time in intensive care.
March 2020 Boris Johnson's government implements COVID-19 pandemic response measures, including national lockdowns and economic support packages.
January 31 2020 The United Kingdom officially leaves the European Union under Boris Johnson's leadership, completing Brexit.
2019 Conservatives became the first national government in the world to officially declare a climate emergency.
2019 Conservatives passed a law committing the UK to net zero greenhouse gas emissions by 2050, becoming the first major economy to legally embrace this obligation.
2019 The Conservative Party manifesto committed to a broad constitutional review following Brexit, focusing on examining the relationship between government, parliament, and the courts.
2019 UK adopted a nationwide policy to proscribe Hezbollah. The Conservative government under Boris Johnson announced plans to stop the Boycott, Divestment and Sanctions movement's influence on local politics.
2019 Former Conservative Home Secretary Priti Patel announces plans for stricter immigration reforms, including scrapping freedom of movement with the European Union following Brexit.
2019 During the election campaign, Boris Johnson signaled an end to austerity, promising increased public expenditure in healthcare, education, transport, welfare, and policing.
December 20 2019 MPs passed an agreement for withdrawing from the EU.
December 12 2019 Boris Johnson wins a significant majority in the UK general election, securing 365 Conservative Party seats in Parliament.
September 3 2019 Johnson lost his working majority in the House of Commons. 21 Conservative MPs had the Conservative whip withdrawn after voting with the Opposition to control the order paper.
July 24 2019 Boris Johnson becomes Prime Minister, replacing Theresa May after winning the Conservative Party leadership contest.
May 2019 Party membership estimated at 160,000, with over half of members being over 55 years old.
May 24 2019 Theresa May announces her resignation as Prime Minister and leader of the Conservative Party after failing to pass her Brexit withdrawal agreement through Parliament.

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