Labour's Miliband (as national leader) and Murphy (as Scottish leader) both resigned, as did Clegg for the Liberal Democrats. The Green Party won its highest-ever share of the vote with 3.8%, and retained its only seat. UKIP came third in terms of votes with 12.6%, but won only one seat, with party leader Nigel Farage failing to win the seat of South Thanet. The Liberal Democrats, led by outgoing Deputy Prime Minister Nick Clegg, had their worst result since their formation in 1988, losing all but eight of their 57 seats, with Cabinet ministers Vince Cable, Ed Davey and Danny Alexander losing their seats, although Clegg managed to retain his seat.

The Scottish National Party, enjoying a surge in support after the 2014 Scottish independence referendum (which saw the majority of voters back Scotland to remain part of the United Kingdom), recorded a number of swings of over 30% from Labour, as it won all but three of the 59 Scottish seats to become the third-largest party in the Commons. Several senior Labour Shadow Cabinet members, notably Ed Balls, Douglas Alexander, and Scottish Labour leader Jim Murphy, were defeated. This was its lowest seat tally since the 1987 general election. The Labour Party, led by Ed Miliband who had succeeded Gordon Brown following his resignation after the 2010 general election, saw a small increase in its share of the vote to 30.4%, but incurred a net loss of seats to return 232 MPs. Opinion polls were eventually proven to have underestimated the Conservative vote as the party, having governed in coalition with the Liberal Democrats since 2010, won 330 seats and 36.9% of the vote share, giving them a small overall majority of 12 seats (including the Speaker - ten seats without him) and their first outright win for 23 years. Polls and commentators had predicted the outcome would be too close to call and would result in a second consecutive hung parliament that would be either similar or more complicated than the 2010 election. Local elections took place in most areas on the same day. It was the first and only general election held at the end of a Parliament under the Fixed-term Parliaments Act 2011. The 2015 United Kingdom general election was held on Thursday, to elect 650 members to the House of Commons. Morneau told reporters late last week that the government is in the midst of a wide-ranging review that aims to reduce what the budget document describes as “tax benefits that unfairly help the wealthiest Canadians rather than the middle class and those working hard to join it.” The government is particularly concerned with tax planning strategies in which individuals use private corporations as a means to reduce their personal tax burdens.Composition of the House of Commons after the election The document that emerged on Wednesday talked about “tax fairness” and arguably focused more on tweaks to the system than a major overhaul. Prior to this week, there were fears that Ottawa would introduce measures that would demand the rich pay even more. Article content Ottawa eyes ‘tax fairness’ for future budgetsįinance Minister Bill Morneau says Canadians shouldn’t assume that the lack of major tax hikes in the budget means no big changes are coming, reports Drew Hasselback.

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What appears to be an unfolding catalogue of fashion failures is making way for growth, allowing for multiple expansions and new retail arrivals to Canada. “The strong in Canada have survived and there has been a huge influx of these other foreign retail brands,” said Bruce Winder, partner in the Toronto-based consultancy Retail Advisers Network. But while the retail sector may not be in the most robust mood right now, the situation might not be as dire as some fear. Article content The state of the Canadian mall is: still okayĮach spring the Canadian retail landscape recalibrates to account for the mall spaces orphaned by sector bankruptcies and restructurings, writes Hollie Shaw. Industry watchers are working the worry beads even more feverishly this year given the titanic threat of Amazon, which continues to gobble up retail market share and infiltrate categories that pundits never imagined would be a hit online - clothing, most notably.

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