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We’re now more than four weeks into the campaign and can see how the parties are faring in seats they have been targeting, for better or worse.

Watch this week’s journeys on our animated map below.

This campaign is being fought on new electoral boundaries, with many constituencies undergoing significant changes since 2019.

For the purpose of this analysis, we use notional results based on calculations by Colin Rallings and Michael Thrasher, honorary professors at the University of Exeter, which estimate the 2019 election seat results if they had taken place on the new constituency boundaries.

Shying away?

It is safe to say the campaign is not going to plan for Rishi Sunak. When the prime minister made his surprise election call on 4 July the polls were not looking good for the Conservatives, but it was assumed the gap would narrow in the run-up to election day.

The reality has been different. The Conservatives are still 20 points behind, but both main parties have shed support to the Liberal Democrats and Reform – which is proving to be more of an issue for the Conservatives than for Labour.

Whereas last week we showed Sunak fighting a lonely battle, this week there were rumours of him backing away from campaigning altogether. He made just six visits this week, a figure which has been gradually declining as the campaign progresses.

Despite this slowdown in campaigning, Sunak maintains the overall largest tally of seats visited, at 41 since the start of the campaign compared to 31 for both Labour leader Sir Keir Starmer and Liberal Democrats leader Sir Ed Davey.

He was dealt another blow when the latest Sky/YouGov MRP poll was released on Wednesday evening.

Comparing this poll, conducted from 11-18 June, to the one fielded more than two weeks earlier from 24 May-1 June, it appears the Conservatives’ fortunes are worse now than the already dire state they were in when the election was announced; their projected seat tally has dropped from 140 to 108.

Are the visits helping?

We can compare the change in performance of parties between these two polls to assess whether things are improving or getting worse for the leaders in areas they have visited.

These projections are based on respondents’ voting intentions at the time the polls were conducted, with calls for who will win seats rated from lowest to most confident projections, as either: “tossup” (too close to call), “lean”, “likely” or “safe”.

For Sunak, 12 of the constituencies he’s been to since the start of the campaign are now in a worse position for the Conservatives than earlier in the election campaign.

Of course, this might not be directly because of the prime minister’s visit, and some trips were made after polling was completed, but it will do little to cheer the faltering campaign’s spirits.

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Lib Dem threat

A particular problem for the Conservatives is the potential efficiency of the Lib Dem vote in this election, picking up votes in just the right places to hurt the Tories.

On a projected national vote share of 11.6% – the same as their 2019 result – they are projected to win a massive 67 seats, more than six times the number they notionally won in 2019, and which would be the highest number since the formation of the Lib Dems in 1988. All of their potential gains outside of Scotland are at the expense of the Conservatives.

This can be seen in key Con v Lib Dem battlegrounds visited by Sunak: eight of those have moved in favour of the Lib Dems. Places like Wokingham, graced by Sunak in week two and Davey in week three, where the Conservatives have a 23.2% majority, are now leaning more towards the Lib Dems.

In 23 of the seats the prime minister has visited, there has been no projected change in fortunes. But 18 of those are ones his party is (still) on course to lose. This includes places like Devon North, which he visited on Tuesday, where a 13.3 point swing is needed for the Liberal Democrats to gain from the Conservatives – and they are expected to do so.

Tory gains

Things improved in four of Sunak’s previous stops, notably including his home turf visits in Yorkshire. His own constituency Richmond & Northallerton, that he’s visited twice, has been upgraded from “lean” Conservative hold to “likely” hold, and Thirsk & Malton has edged from “toss-up” – meaning it’s too close to call – to “lean” Tory hold.

Perhaps his focus on the area is paying dividends.

Labour’s decrease to a still healthy projected share of 39% means they’re doing worse in seven of the constituencies Starmer has visited. Derby South was downgraded from a “safe” hold to a “likely” hold, with an increase in Reform’s vote share between polls eating into Labour’s potential majority, and the “toss-up” of Finchley & Golders Green in London inching in the Conservatives’ favour.

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There has been no change to the predictions in 22 Starmer-visited seats, where Labour remain frontrunners to gain. All bar one – Inverclyde & Renfrewshire West, which they hope to take from the SNP – are currently held by the Conservatives.

Things got better for Labour in two seats visited by Starmer. Worthing East & Shoreham, which Starmer visited in the first week of the campaign, was upgraded from a “likely” to a “safe” gain from the Tories. Nuneaton in the West Midlands similarly went from “lean” to “likely” since he stopped by on 10 June, just before the second poll.

Meanwhile, Davey has the most glowing report card, with 18 of his 31 visited constituencies looking more favourable to the Lib Dems between polls.

This includes Carshalton & Wallington, a highly marginal constituency in London where the Lib Dems came second to Conservatives by just 1.3% in 2019 but are now projected to claim a “safe” win, up from a lower confidence level of “lean” in the previous MRP. Sunak visited the area early on in week one of the campaign while Davey visited this week.

Farage factor

The other big winners in vote share over the last few weeks have been Reform, following Nigel Farage’s explosive return as leader.

Reform’s increase in projected vote share to 15.4% would put them in third place nationally, above the Lib Dems. But while this certainly appears to be hurting the Tories in particular, it is less efficient at picking up seats for Reform, of which they are currently projected five.

Neither Sunak nor Starmer have visited any of the seats that Reform are now projected to gain. That includes Clacton, where it is now projected “likely” that Nigel Farage will overturn the 56.31% Conservative majority.

It would be the eighth time lucky for Farage if he does manage to convince voters in Clacton. Over 30 years he has stood in seven different parliamentary constituencies but thus far has failed to win.

Reform launched their not-a-manifesto on Monday from Merthyr Tydfil in South Wales; with Farage saying the location was chosen “because it shows everyone exactly what happens to a country when Labour is in charge”.

They placed third here in 2019 but are projected to overtake the Conservatives and finish second to Labour, according to our latest MRP poll.

Sunak also took a swipe at Welsh Labour when he was in Clwyd North to launch the Welsh Conservative manifesto on Friday, where he said it was a “great country, but a country let down by Labour”.

Battle for the South West

This week there has been an increased interest in the South West. Previously a Lib Dem enclave, especially in their 2005 heyday, they had lost all but one of their seats here by 2017 and Bath is the only remaining constituency they are defending.

The Lib Dems are looking to make serious headway here, reflected in the number of visits the area has received.

This week alone there have been six visits to the region – two by each of the three party leaders vying for seats here. Sunak was seen in Torridge & Tavistock where the Conservatives are expected to fight off the Liberal Democrats with their 41.9% Tory majority.

Starmer made a rare defensive visit to Labour’s Bristol North West on Monday, while Davey was in Yeovil where his party will need a 13.5 point swing to beat the Conservative candidate.

The prime minister has visited 16% of the seats in the South West, more than any of the other leaders have in any other region. Davey has been to 12% of the constituencies here and 11% of those in the South East, highlighting the Liberal Democrats’ southern targeting.

Looking to appeal to broader sections of the electorate, Starmer has been much more dispersed in his regional campaigning. His maximum is the 7% of seats he has visited in Greater London, closely followed by the 6% he has stopped by in Wales.

So far 31% of the constituencies in the South West have been visited by at least one of Sunak, Starmer and Davey. The North West is the least frequented in England, where they’ve been to 11% of seats. However the parties have been sending other representatives there, such as deputy Labour leader Angela Rayner, and Scotland has been targeted more by the Scottish versions of each party than by the national party leaders.


Dr Hannah Bunting is a Sky News elections analyst and co-director of The Elections Centre at the University of Exeter.


The Data and Forensics team is a multi-skilled unit dedicated to providing transparent journalism from Sky News. We gather, analyse and visualise data to tell data-driven stories. We combine traditional reporting skills with advanced analysis of satellite images, social media and other open source information. Through multimedia storytelling we aim to better explain the world while also showing how our journalism is done.

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

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Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum

Altcoins may see a resurgence in the second quarter of 2025 as regulations for digital assets continue to improve, according to Swiss bank Sygnum.

In its Q2 2025 investment outlook, Sygnum said the space has seen “drastically improved” regulations for crypto use cases, creating the foundations for a strong alt-sector rally for the second quarter. However, it added that “none of the positive developments have been priced in.” 

In April, Bitcoin dominance reached a four-year high, signaling that crypto investors are rotating their funds into an asset perceived to be relatively safer. 

But Sygnum believes regulatory developments in the US, such as President Donald Trump’s establishment of a Digital Asset Stockpile and advancing stablecoin regulations, could propel broader crypto adoption.

“We expect protocols successful in gaining user traction to outperform and Bitcoin’s dominance to decline,” Sygnum wrote. 

Increased focus on economic value ignites competition

Sygnum also said that competition would increase as the market focuses on economic value. Increased competition in a market often results in better products, ultimately benefiting consumers: 

“The market’s increased focus on economic value compels greater competition for user growth and revenues, with rising protocols such as Toncoin, Sui, Aptos, Sonic, or Berachain taking different approaches.”

Sygnum added that while high-performance blockchains address limitations of the Bitcoin, Ethereum and Solana blockchains, these chains find it challenging to achieve meaningful adoption and fee income. 

Altcoins may rally in Q2 2025 thanks to improved regulations: Sygnum
Sector breakdown by market capitalization. Source: Sygnum

The report highlighted that some approaches have been more sustainable. These include Berachain’s approach of incentivizing validators to provide liquidity to decentralized finance (DeFi) applications, Sonic’s rewarding developers that attract and retain users, and Toncoin’s Telegram affiliation to access one billion users.

Aside from layer-1 chains, Sygnum highlighted that layer-2 networks like Base also have potential. The report pointed out that while the memecoin frenzy on the blockchain pushed its users and revenue to new highs, it made an equally sharp decline after memecoins started losing steam. 

Despite this, Sygnum noted that Base remains the layer-2 leader in metrics like daily transactions, throughput and total value locked. 

Related: Italy finance minister warns US stablecoins pose bigger threat than tariffs

Memecoins still a leading crypto narrative in Q1

Despite recent price declines, memecoins remained a dominant crypto narrative in Q1 2025. A CoinGecko report recently highlighted that memecoins remained dominant as a crypto narrative in the first quarter of 2025. The crypto data company said memecoins had 27.1% of global investor interest, second only to artificial intelligence tokens, which had 35.7%.

While retail investors are still busy with memecoins, institutions have a different approach. Asset manager Bitwise reported on April 14 that publicly traded firms are stacking up on Bitcoin. At least twelve public companies purchased Bitcoin for the first time in Q1 2025, pushing public firm holdings to $57 billion.

Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

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Who’s nicer – Lords or MPs?

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Who's nicer - Lords or MPs?

👉 Click here to listen to Electoral Dysfunction on your podcast app 👈

The two baronesses of the podcast finally lift the lid on the House of Lords in this special Q&A episode. What’s it really like on the red benches in parliament? And if you’re a Lord, are you a has-been?

Also – was Tony Blair actually cool in the 90s? Or was it just a more optimistic time in politics?

Come and join us LIVE on Tuesday 20th May at Cadogan Hall in London, tickets available now: https://www.aegpresents.co.uk/event/electoral-dysfunction-live/

Remember you can also watch us on YouTube!

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Why a ‘Trump-fest’ could be just the tonic for a special relationship under strain

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Why a 'Trump-fest' could be just the tonic for a special relationship under strain

It was perhaps not quite how officials, in London at least, had envisaged the announcement of the state visit would be made.

In the Oval Office, Donald Trump revealed the news in his own way.

“I was invited by the King and the great country. They are going to do a second fest – that’s what it is. It is beautiful,” he said during an impromptu Oval Office moment.

The question was, did this “fest” – which Mr Trump suggested could happen in September – amount to the much hyped second state visit for the American president?

Or was this actually just the smaller visit that had been offered two months ago as an initial bilateral visit at which the state visit would be discussed?

Back in February, Sir Keir Starmer presented the president with a letter from King Charles and the offer of a state visit.

The letter proposed an initial meeting between the King and the president to discuss details of the state visit at either Dumfries House or Balmoral, both in Scotland, close to Mr Trump’s golf clubs.

The King wrote: “Quite apart from this presenting an opportunity to discuss a wide range of issues of mutual interest, it would also offer a valuable chance to plan a historic second state visit to the United Kingdom… As you will know this is unprecedented by a US president. That is why I would find it helpful for us to be able to discuss, together, a range of options for location and programme content.”

As he revealed the news of his “fest” with his “friend Charles”, Mr Trump said: “I think they are setting a date for September…”

Sources have since confirmed to Sky News that it will amount to the full state visit.

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Pic: Reuters
Image:
Sir Keir Starmer handed Trump the invite earlier this year. Pic: Reuters

‘Even more important’

It’s possible the initial less formal presidential trip may still happen between now and September. Mr Trump is in Europe for the NATO summit in June and is due in Scotland to open a new golf course soon too.

“It is the second time it has happened to one person. The reason is we have two separate terms, and it’s an honour to be a friend of King Charles and the family, William,” the president said.

“I don’t know how it can be bigger than the last one. The last one was incredible, but they say the next one will be even more important.”

His last state visit in 2019, at the invitation of the late Queen, drew significant protests epitomised by the giant blow-up “Baby Trump” which floated over Parliament Square.

The president was hosted by the Queen in June 2019. Pic: Reuters
Image:
The president was hosted by the Queen in June 2019. Pic: Reuters

Britain’s trump card

September is a little earlier than had been expected for the visit. It may be an advantage for it to happen sooner rather than later, given the profoundly consequential and controversial nature of the first few months of his second term.

The decision by the British government to play its “state visit trump card” up front back in February drew some criticism.

And since February, Mr Trump’s position on numerous issues has been increasingly at odds with all of America’s allies.

On Ukraine, he has seemingly aligned himself closely with Vladimir Putin. His tariffs have caused a global economic shock. And on issues like Greenland and Canada, a member of the Commonwealth, he has generated significant diplomatic shock.

A risk worth taking

Mr Trump is as divisive among the British public as he is in America. Sir Keir is already walking a political tightrope by choosing the softly softly approach with the White House.

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The UK government chose not to retaliate against Mr Trump’s tariffs, unlike some allies. Sir Keir and his cabinet have been at pains not to be seen to criticise the president in any way as they seek to influence him on Ukraine and seek an elusive economic deal on tariffs.

On that tariff deal, despite some positive language from the US side and offers on the table, there has yet to be a breakthrough. A continuing challenge is engaging with the president for decisions and agreements only he, not his cabinet, will make.

British officials acknowledge the risk the state visit poses. In this presidency, anything could happen between now and September.

But they argue British soft power and Mr Trump’s fondness for the Royal Family and pomp – or a “fest” as he calls it – amount to vital diplomatic clout.

For a special relationship under strain, a special state visit is the tonic.

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