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U.K. PM concedes defeat as Labour Party set for landslide election win
U.K. Prime Minister Rishi Sunak conceded defeat to the center-left Labour Party early Friday, which was projected to win by a landslide in the country's general election — delivering a huge blow to the ruling Conservative Party after 14 years in power.
The big picture: Incumbents are on a losing streak all over the world — particularly in Europe, where inflation has fueled voter discontent. In Britain, however, the Conservatives' looming defeat is largely...
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