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There are three ways to judge how well the political parties do on election night.

First, by the number of council seats gained, secondly by the number of councils won and lost and thirdly by looking at vote shares – the proportion of people who vote for each of the main parties.

None of them will give you the full picture, however, as they battle in the early hours to give results the most positive gloss.

The fight has already begun in earnest – with parties’ claims and counterclaims about what to expect.

This is our guide to decoding what they will say.

In this Q&A, I asked Sky’s election analyst Professor Michael Thrasher how he will interpret the results.

Q: Labour say the Conservatives did disastrously in 2019, which is the last time this set of elections took place. They argue the Tories should be judged on whether they are gaining seats, not losing them. Are they right?

Professor Thrasher: “The Conservatives are still the largest party of local government. They’re still defending the most seats this time.

“Why they might lose seats is simply because where they are currently in the national polls is lower than where they were in 2019 in terms of the national equivalent vote.

“In 2019, the Conservatives and Labour each got 31% of the national vote share. And so if the Conservatives are now below 30% and Labour is above 40%, it stands to reason that there’s a large swing from Conservative to Labour since four years ago. And therefore, for that simple reason, the Conservatives will lose seats to its principle opposition at these local elections.

“So yes, they lost 1,300 seats in 2019, but they are in a position where they should lose seats if polling is taken into account because Labour is so much further ahead of them now than it was in 2019.”

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The exclusive YouGov study for Sky News predicts big gains for Labour, while the Lib Dems could romp home in so-called ‘blue wall’ seats.

Q: The Tories have latched upon your 1,000-seat loss scenario. Are there more realistic alternative scenarios that we should be looking at for them?

Professor Thrasher: “Well, I think Conservative losses are inevitable.

But I think if they can keep those losses down to around 500 to 700, they will feel that Labour isn’t really hurting them a great deal, and possibly also the Liberal Democrats, who they are quite fearful of in parts of southern England like Surrey, Cambridgeshire and Hertfordshire.

“[It would mean] they too are not breaking through and threatening Conservatives in the next general election.

So, I think if they can keep losses down below 500, they will probably believe that they’ve had a reasonably good night at this stage of the parliament, given the way in which the current opinion polls have them below 30%. They will take that, I suspect.”

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Q: Labour is saying a good night for them would be then gaining 400 seats. How does that fit in the benchmarks that you’ve done?

Professor Thrasher: “Well, I think that’s a very modest claim and given two things. Number one is where Labour currently is in the polls – it’s at 43%.

So again, if you recall, in 2019, we were saying that Labour was on 31%. That’s an increase of 12 percentage points on the position four years ago, so they should be doing well, and we think far better than 400 gains.

“Really, that’s a very modest swing from the Conservatives to Labour since 2019. They should really be aiming much higher than that, given what they need to do to win the next general election.”

Q: Often, you hear Labour politicians making the argument that these are not elections happening in their heartlands. These local councils, often shire councils, are not traditional places where Labour has a strong vote – how much validity is there in that?

Professor Thrasher: “That really, if you like, misses the point about the whole exercise of using local elections to calculate a national vote share. Because we take all of this into account.

“The way in which we calculate the national equivalent estimate is simply to look at the change in vote share in wards that voted in 2019 and in 2023.

So, it takes into account where these places are because if a council didn’t have an election, in 2019, we won’t be comparing with that result. So, we’re only comparing wards that are like for like, across those four years.

And for that reason, it doesn’t really matter where the elections are, because we’re looking at changing vote share.”

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Amanda Akass explained everything you need to know about local elections.

Q: Labour is keen to avoid comparisons with the local elections in 1995. They say you can’t compare those two, is that fair?

Professor Thrasher: “I don’t think it is fair, quite frankly. The reason being is that if we think about the context of the next general election, Labour requires a swing greater than Tony Blair received in 1997, which in itself remains the postwar record.

“So, I think it’s reasonable to compare with 1995 simply because Labour in 2024 has to do better than Blair did in 1997.

“And then for that reason, if Labour in 2023 is doing much, much worse than Labour did in 1995, then it stands to reason that quite frankly, they’re not in a good position to win the next general election.”

Q: Is it fair to say that Labour traditionally underperform in local elections as compared to general elections?

Professor Thrasher: “It is the case, and our projection allowed for the fact that Labour does perform rather worse in actual local elections than its current national opinion poll rating suggests. So we’ve factored that into our equation.

“It allows for the fact that the Labour lead over the Conservatives in terms of the overall estimate of the national vote at these locations is not going to be as great as the gap that it has in terms of the national opinion polls.”

Q: The Conservatives say a six or seven-point gap behind the Labour party would be a good night – being less than the polls suggest. Is that a fair benchmark to use?

Professor Thrasher: “Well, if we think about the national equivalent vote share from last year, it was 35% for Labour and 33% for the Conservatives.

“So, if they are five points adrift, then they’ve done worse than they did last year.

“This doesn’t suggest the party is catching Labour up necessarily, but they will certainly avoid the situation as in 1995, where Labour was on 47%, and the Conservatives were at 25% – a huge gap between the two parties and where Labour went on to win a landslide.

“I think the Conservatives really need to be within touching distance of Labour, bearing in mind where we are in terms of the parliament and bearing in mind that a general election is probably sometime next year.

“There is a limited amount of time for the Conservatives to catch Labour up, and therefore, they really should be within touching distance of them, not a long way behind.”


Professor Thrasher and his colleague Professor Colin Rallings have drawn up this guide for how to judge the results of the main political parties:

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How to cut through election night spin

Conservatives

  • 1000+ losses: A bad night with a third of all seats defended lost. Tory MPs in marginal ‘red wall’ and southern seats will be worried
  • 750 losses: A clear swing to Labour but rather less than opinion polls imply
  • 500 losses: The party will try to write this off as “mid-term blues” and argue the gap with Labour can be caught before the general election
  • Fewer than 300 losses: Council seats regained from Independents as Labour and Lib Dems fail to prosper

Labour

  • 700 gains+: This would be the best local election performance for at least a decade, putting the party on the path to becoming the largest party at Westminster in a general election, even if short of an outright majority
  • 450 gains: Results little better than a year ago
  • 250 gains: Disappointing in the context of the polls, suggesting limited success in winning back the ‘red wall’
  • Fewer than 150 gains: Effectively a step backwards for Sir Keir Starmer and his party

Liberal Democrats

  • 150+ gains: Eating into Conservative territory and could put some marginal constituencies in play at the next election
  • 50-100 gains: Comfortable enough in their own heartlands but only modest further progress
  • Fewer than 50 gains: Still struggling to pose a real threat to the Conservatives in the south

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Musk sued over buying Twitter shares at artificially low prices by US finance regulator

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Musk sued over buying Twitter shares at artificially low prices by US finance regulator

Elon Musk is being sued for failing to disclose his purchase of more than 5% of Twitter stock in a timely fashion.

The world’s richest man bought the stock in March 2022 and the complaint by the US Securities and Exchange Commission (SEC) said the delay allowed him to continue buying Twitter stock at artificially low prices.

In papers filed in Washington DC federal court, the SEC said the move allowed Mr Musk to underpay by at least $150m (£123m).

The commission wants Mr Musk to pay a civil fine and give up profits he was not entitled to.

In response to the lawsuit a lawyer for the multi-billionaire said: “Mr Musk has done nothing wrong and everyone sees this sham for what it is.”

An SEC rule requires investors to disclose within 10 calendar days when they cross a 5% ownership threshold.

The SEC said Mr Musk did not disclose his state until 4 April 2022, 11 days after the deadline – by which point he owned more than 9% of Twitter’s shares.

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Twitter’s share price rose by more than 27% following Mr Musk’s disclosure, the SEC added.

Mr Musk later purchased Twitter for $44bn (£36bn) in October 2022 and renamed the social media site X.

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Since the election of Donald Trump, Mr Musk has been put in charge of leading a newly created Department of Government Efficiency (DOGE) alongside former Republican presidential candidate Vivek Ramaswamy.

The president-elect said the department would work to reduce government bureaucracy, slash excess regulations, cut wasteful expenditures and restructure federal agencies.

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Hamas accepts Gaza peace deal as Israeli official says agreement is close but ‘not there yet’

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Hamas accepts Gaza peace deal as Israeli official says agreement is close but 'not there yet'

US president-elect Donald Trump has suggested Israel and Hamas could agree a Gaza ceasefire by the end of the week.

Talks between Israeli and Hamas representatives resumed in the Qatari capital Doha yesterday, after US President Joe Biden indicated a deal to stop the fighting was “on the brink” on Monday.

A draft agreement has been sent to both sides. It includes provisions for the release of hostages and a phased Israeli troop withdrawal from Gaza.

Qatar says Israel and Hamas are at their “closest point” yet to a ceasefire deal.

Two Hamas officials said the group has accepted the draft agreement, with Israel still considering the deal.

An Israeli official said a deal is close but “we are not there” yet.

More than 46,500 Palestinians have been killed in Gaza since Israel launched its ground offensive in the aftermath of the 7 October attacks, according to the territory’s Hamas-run health ministry.

Read more:
What’s in the proposed deal?

Palestinians inspect the site of an Israeli strike on beachfront cafe in Deir Al-Balah.
Pic: Reuters
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Palestinians inspect the site of an Israeli strike on beachfront cafe in Deir al Balah. Pic: Reuters

Biden hails possibility of agreement

President Biden said it would include a hostage release deal and a “surge” of aid to Palestinians, in his final foreign policy speech as president.

“So many innocent people have been killed, so many communities have been destroyed. Palestinian people deserve peace,” he said.

“The deal would free the hostages, halt the fighting, provide security to Israel, and allow us to significantly surge humanitarian assistance to the Palestinians who suffered terribly in this war that Hamas started.”

Qatari mediators have sent Israel and Hamas a draft proposal for an agreement to halt the fighting.

Analysis:
Deal might be close, but there are many unanswered questions

U.S. President Joe Biden delivers a speech at the State Department in Washington, U.S. January 13, 2025. REUTERS/Evelyn Hockstein
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Pic: Reuters

Trump: ‘We’re very close’

President-elect Donald Trump has also discussed a possible peace deal during a phone interview with the Newsmax channel.

“We’re very close to getting it done and they have to get it done,” he said.

“If they don’t get it done, there’s going to be a lot of trouble out there, a lot of trouble, like they have never seen before.

“And they will get it done. And I understand there’s been a handshake and they’re getting it finished and maybe by the end of the week. But it has to take place, it has to take place.”

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President-elect Donald Trump talks to reporters after a meeting with Republican leadership at the Capitol on Wednesday, Jan. 8, 2025, in Washington. (AP Photo/Jose Luis Magana)
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Pic: AP

Israeli official: Former Hamas leader held up deal

Speaking on Tuesday as negotiations resumed in Qatar, an anonymous Israeli official said that an agreement was “close, but we are not there”.

They accused Hamas of previously “dictating, not negotiating” but said this has changed in the last few weeks.

Yahya Sinwar was the main obstacle for a deal,” they added.

Sinwar, believed to be the mastermind of the 7 October attacks, led Hamas following the assassination of his predecessor but was himself killed in October last year.

Under Sinwar, the Israeli official claimed, Hamas was “not in a rush” to bring a hostage deal but this has changed since his death and since the IDF “started to dismantle the Shia axis”.

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Biden: ‘Never, never, never, ever give up’

Iran ‘weaker than it’s been in decades’

Yesterday, President Biden also hailed Washington’s support for Israel during two Iranian attacks in 2024.

“All told, Iran is weaker than it’s been in decades,” the president said.

Mr Biden claimed America’s adversaries were weaker than when he took office four years ago and that the US was “winning the worldwide competition”.

“Compared to four years ago, America is stronger, our alliances are stronger, our adversaries and competitors are
weaker,” he said.

“We have not gone to war to make these things happen.”

The US president is expected to give a farewell address on Wednesday.

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Gaza ceasefire: What does the draft agreement say and how many hostages would be released?

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Gaza ceasefire: What does the draft agreement say and how many hostages would be released?

A draft ceasefire deal on the table between Israel and Hamas would see 33 hostages set free and a phased withdrawal of IDF forces from parts of Gaza.

President Joe Biden said an agreement to stop the fighting was “on the brink” and high level negotiations between the two sides resumed in Qatar on Tuesday.

The deal would see a number of things happen in a first stage, with negotiations for the second stage beginning in the third week of the ceasefire.

It would also allow a surge in humanitarian aid into Gaza, which has been devastated by more than a year of war.

Details of what the draft proposal entails have been emerging on Tuesday, reported by Israeli and Palestinian officials.

Relatives and supporters of Israeli hostages held by Hamas in Gaza hold photos of their loved ones during a protest calling for their return, in Tel Aviv, Israel, Wednesday, Jan. 8, 2025. (AP Photo/Ohad Zwigenberg)
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Relatives and supporters of Israeli hostages hold photos of their loved ones during a protest on 8 January. Pic: AP

Hostages to be returned

In the first stage of the potential ceasefire, 33 hostages would be set free.

These include women (including female soldiers), children, men over the age of 50, wounded and sick.

Israel believes most of these hostages are alive but there has not been any official confirmation from Hamas.

In return for the release of the hostages, Israel would free more than 1,000 Palestinian prisoners and detainees.

People serving long sentences for deadly attacks would be included in this but Hamas fighters who took part in the 7 October attack would not be released.

An arrangement to prevent Palestinian “terrorists” from going back to the West Bank would be included in the deal, an anonymous Israeli official said.

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The hostages who still haven’t returned home

Smoke billows as buildings lie in ruin in Beit Hanoun in the Gaza Strip.
Pic: Reuters
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Smoke billows as buildings lie in ruin in Beit Hanoun in Gaza. Pic: Reuters

Phased Israeli withdrawal from Gaza

The agreement also includes a phased withdrawal of Israeli forces from Gaza, with IDF troops remaining in the border perimeter to defend Israeli border towns and villages.

Security arrangements would be implemented at the Philadelphi corridor – a narrow strip of land that runs along the border between Egypt and Gaza – with Israel withdrawing from parts of it after the first few days of the deal.

The Rafah Crossing between Egypt and Gaza would start to work gradually to allow the crossing of people who are sick and other humanitarian cases out of Gaza for treatment.

Unarmed North Gaza residents would be allowed to return to their homes, with a mechanism introduced to ensure no weapons are moved there.

“We will not leave the Gaza Strip until all our hostages are back home,” the Israeli official said.

What will happen to Gaza in the future?

There is less detail about the future of Gaza – from how it will be governed, to any guarantees that this agreement will bring a permanent end to the war.

“The only thing that can answer for now is that we are ready for a ceasefire,” the Israeli official said.

“This is a long ceasefire and the deal that is being discussed right now is for a long one. There is a big price for releasing the hostages and we are ready to pay this price.”

The international community has said Gaza must be run by Palestinians, but there has not been a consensus about how this should be done – and the draft ceasefire agreement does not seem to address this either.

In the past, Israel has said it will not end the war leaving Hamas in power. It also previously rejected the possibility of the Palestinian Authority, which exercises limited governing powers in the West Bank, from taking over the administration of Gaza.

Since the beginning of its military campaign in Gaza, Israel has also said it would retain security control over the territory after the fighting ends.

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