• Samantha Dixon of Labour celebrates after winning the Chester by-election following the count at Northgate Arena Leisure Centre. PA
    Samantha Dixon of Labour celebrates after winning the Chester by-election following the count at Northgate Arena Leisure Centre. PA
  • Labour deputy leader Angela Rayner meeting Ms Dixon in Chester after she won. PA
    Labour deputy leader Angela Rayner meeting Ms Dixon in Chester after she won. PA
  • A party activist takes a selfie with Angela Rayner and Samantha Dixon in Chester. PA
    A party activist takes a selfie with Angela Rayner and Samantha Dixon in Chester. PA
  • Ms Dixon, a former local council leader, held the seat for Labour with a 10,974-vote majority, representing a 13.8 per cent swing in the party's favour. PA
    Ms Dixon, a former local council leader, held the seat for Labour with a 10,974-vote majority, representing a 13.8 per cent swing in the party's favour. PA
  • A ballot box is emptied as counting of votes commences at the Northgate Arena. Getty Images
    A ballot box is emptied as counting of votes commences at the Northgate Arena. Getty Images
  • Political analysts say the result shows Labour is in the strongest position in a decade but suggest the Tories have clawed back some ground since the demise of Liz Truss's administration. Getty Images
    Political analysts say the result shows Labour is in the strongest position in a decade but suggest the Tories have clawed back some ground since the demise of Liz Truss's administration. Getty Images
  • Members of the Official Monster Raving Loony Party attend the count. Getty Images
    Members of the Official Monster Raving Loony Party attend the count. Getty Images
  • Victorious Labour MP Samantha Dixon talks to the media. Getty Images
    Victorious Labour MP Samantha Dixon talks to the media. Getty Images
  • A member of the public leaves the Two Mills Presbyterian Church polling station after voting in the Chester by-election. Getty Images
    A member of the public leaves the Two Mills Presbyterian Church polling station after voting in the Chester by-election. Getty Images

Labour win Chester in blow to Rishi Sunak after first electoral test


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Labour won the City of Chester by-election, retaining the seat and delivering a defeat to Rishi Sunak in his first electoral test as Prime Minister.

Pollsters said the result shows Labour is in the strongest position it has been in a decade but suggests the Tories have probably clawed back some ground since Liz Truss's administration.

Samantha Dixon, a former local council leader, held the seat for Labour with a 10,974-vote majority, representing a 13.8 per cent swing in the party's favour. She called for an election, claiming Mr Sunak’s government was on “borrowed time”.

Political scientist Prof Sir John Curtice said the result was the best performance by Labour and "the biggest swing from Conservative to Labour in any by-election since David Cameron first walked through the door of Downing Street".

The contest was triggered by the resignation of Labour MP Christian Matheson after complaints of “serious sexual misconduct” were upheld by a parliamentary watchdog.

Mr Matheson, who denied the allegations, was facing a four-week suspension and was asked to resign by Labour before he quit.

Ms Dixon defeated Conservative candidate and NHS nurse Liz Wardlaw, handing the Conservatives a defeat in the first Westminster by-election since Boris Johnson’s forced resignation and the market chaos that ended Liz Truss’s short stint in No 10.

In a victory speech after the result was announced, Ms Dixon said: "People in Chester and across our country are really worried.

"Worried about losing their homes because they can't afford the mortgage repayments or the rent, worried about whether they can put the heating on, worried about whether they can put food on the table for their families.

"This is the cost of 12 years of Conservative government. The government, which has wreaked havoc with our economy, destroyed our public services and betrayed the people who put their trust in them at the last general election."

"The claim of the opinion polls that Labour are well ahead, they are about 20 points ahead, is probably confirmed by the result of this by-election," Mr Curtis said on Friday.

"Albeit things are probably not as bad as the 30-point lead Labour was enjoying in the final days of the Liz Truss administration.

"I think if this by-election had taken place when Liz Truss was prime minister, in her dying days, the swing would almost undoubtedly have been bigger," he said.

"It doesn’t look like Labour are 30 points ahead any more. But they are still 20 points ahead. It is still very substantial."

Prof Curtice said the result shows Prime Minister Rishi Sunak is being reminded by the voters "he still has got a lot of work to do".

Conservative pollster and peer Lord Hayward said Labour "had to be pleased" with the result, but that the Conservatives will be relieved they got more than 20 per cent of the vote.

"It's not quite as bad as the opinion polls had been suggesting," he told Sky News on Friday.

He said there was even a glimmer of hope for Mr Sunak in polls, which shows he is doing better with voters than the Conservative Party he leads.

"He's taken over in incredibly difficult circumstances. He knows what he wants to do. The question is whether he can actually do it. He's got a very slight bounce. The opinion polls showed the Tories were at the bottom of a very deep barrel."

The polls show the Tories have lifted themselves "a bit" he said.

"Rishi comes across to the public at large as managerial. His ratings are way ahead of the Tory Party," Lord Hayward said.

"His ratings, which will worry the Labour Party, are on a par with Keir Starmer, depending on which poll you look at. So he is showing there is potential, but the cost of living and strikes are clearly big issues."

Election officials earlier confirmed that turnout was 41.2 per cent, with 28,541 votes cast.

Labour had been widely expected to hold the seat, having won it in 2019 for the third time in a row with a majority of 6,164.

Labour Party Conference - in pictures

  • Britain's Labour Party leader Keir Starmer makes his keynote address during the Labour Party Conference at the Arena Convention Centre in Liverpool. PA
    Britain's Labour Party leader Keir Starmer makes his keynote address during the Labour Party Conference at the Arena Convention Centre in Liverpool. PA
  • Mr Starmer gestures during his speech. Getty Images
    Mr Starmer gestures during his speech. Getty Images
  • Mr Starmer and his wife Victoria arrive on the third day of the annual Labour Party Conference in Liverpool. AFP
    Mr Starmer and his wife Victoria arrive on the third day of the annual Labour Party Conference in Liverpool. AFP
  • Delegates vote on day two of the Labour Party Conference. Getty Images
    Delegates vote on day two of the Labour Party Conference. Getty Images
  • Labour Party deputy leader Angela Rayner speaks during a television interview. AFP
    Labour Party deputy leader Angela Rayner speaks during a television interview. AFP
  • Delegates attend the third day of the annual conference in Liverpool. AFP
    Delegates attend the third day of the annual conference in Liverpool. AFP
  • Anti-Brexit protester Steve Bray holds a placard outside the entrance. Reuters
    Anti-Brexit protester Steve Bray holds a placard outside the entrance. Reuters
  • Mr Starmer speaks at the Faith In Labour reception during the Labour Party Conference. Getty Images
    Mr Starmer speaks at the Faith In Labour reception during the Labour Party Conference. Getty Images
  • Labour's shadow home secretary Yvette Cooper delivers a speech. Getty Images
    Labour's shadow home secretary Yvette Cooper delivers a speech. Getty Images
  • Mr Starmer poses for a photograph with his wife Victoria over breakfast in a hotel before his address. AFP
    Mr Starmer poses for a photograph with his wife Victoria over breakfast in a hotel before his address. AFP
  • Wes Streeting, the shadow secretary of state for health and social care, is interviewed on morning television. EPA
    Wes Streeting, the shadow secretary of state for health and social care, is interviewed on morning television. EPA
  • Mr Starmer prepares for his speech. Reuters
    Mr Starmer prepares for his speech. Reuters
  • Delegates arrive at the Arena Convention Centre in Liverpool. EPA
    Delegates arrive at the Arena Convention Centre in Liverpool. EPA
  • Mr Starmer, left, and former England football player Gary Neville speak on the main stage on the second day of the annual Labour Party Conference. AFP
    Mr Starmer, left, and former England football player Gary Neville speak on the main stage on the second day of the annual Labour Party Conference. AFP
  • Shadow chief secretary to the treasury Pat McFadden, shadow exchequer secretary to the treasury Abena Oppong-Asare, shadow chancellor of the exchequer Rachel Reeves, shadow economic secretary Tulip Siddiq and shadow financial secretary to the treasury James Murray on day two of the Labour Party Conference. Getty Images
    Shadow chief secretary to the treasury Pat McFadden, shadow exchequer secretary to the treasury Abena Oppong-Asare, shadow chancellor of the exchequer Rachel Reeves, shadow economic secretary Tulip Siddiq and shadow financial secretary to the treasury James Murray on day two of the Labour Party Conference. Getty Images
  • Shadow foreign secretary Lisa Nandy speaks. Reuters
    Shadow foreign secretary Lisa Nandy speaks. Reuters

The result is a third recent by-election defeat for the Conservatives.

The previous by-elections, which took place on the same day in June, were a disaster for the Tories, with Labour snatching Wakefield and the Liberal Democrats securing a historic victory in Tiverton and Honiton.

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1. Lewis Hamilton (Mercedes) 1hr 32mins 03.897sec

2. Max Verstappen (Red Bull-Honda) at 0.745s

3. Valtteri Bottas (Mercedes) 37.383s

4. Lando Norris (McLaren) 46.466s

5.Sergio Perez (Red Bull-Honda) 52.047s

6. Charles Leclerc (Ferrari) 59.090s

7. Daniel Ricciardo (McLaren) 1:06.004

8. Carlos Sainz Jr (Ferrari) 1:07.100

9. Yuki Tsunoda (AlphaTauri-Honda) 1:25.692

10. Lance Stroll (Aston Martin-Mercedes) 1:26.713,

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How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

Updated: December 02, 2022, 10:05 AM