Keir Starmer-led Labour Party has bagged a historic win in the 2024 U.K. General Elections over the outgoing Prime Minister Rishi Sunak-led Conservative Party. However, influential economist Mohamed El-Erian has a note of caution for established parties. What Happened: On Friday, El-Erian took to X, formerly Twitter, to share his analysis of the U.K. General Elections. He pointed out two main takeaways from the election results. “First, and foremost, a huge #LabourParty victory as voter support for the #Conservatives collapsed, including several former cabinet members losing their seats,” he w…
