In response to one of the biggest upsets in the history of opinion polling, in 2017 the Oxford English Dictionary declared ‘youthquake’ the word of the year. Prime Minister Theresa May called a snap election for June 2017 because public opinion polls indicated that she could substantially increase the size of her parliamentary majority. However, the election led to the Conservative Party losing their overall majority in the House of Commons, with Labour gaining 30 seats, and the Conservatives losing 13. It has been argued that part of the Labour Party’s success was that they campaigned towards young voters with the promise of abolishing tuition fees. The debate that this raised has now been picked up by all parties, with a review of higher education funding forthcoming.
externalities, elasticity, asymmetric information, market failure, demand
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