Populist Right-Wing Parties Lead Polls in Europe’s Biggest Economies
Surge in immigration and weak economic growth spark voter backlash in France, the U.K. and Germany.
Surge in immigration and weak economic growth spark voter backlash in France, the U.K. and Germany.
LONDON: For the first time, populist or far-right parties are leading the polls in the U.K., France and Germany, the latest sign of growing voter discontent in much of the continent following years of high immigration and inflation.
Far-right and anti-immigration parties have already entered government in countries such as Italy, Finland and the Netherlands.
But this year marks the first time that they have been ahead in Europe’s biggest economies at the same time. That could provoke a period of political turbulence in all three countries, even if national elections are likely still a few years away.
“It’s significant. Leaders in all three countries are grappling with an ascendant far right that looks on the cusp of power unless politicians can address what’s fuelling the rise, which is immigration and cost of living,” said Mujtaba Rahman , head of Europe for risk consulting firm Eurasia.
France’s anti-immigration National Rally has had a consistent lead in polls this year. An Elabe poll last month showed Jordan Bardella, the young protégé of the far-right leader Marine Le Pen , was the most popular with an approval rating of 36%.
Polling for the next presidential vote also suggests National Rally’s candidate—whether it is Bardella or Le Pen—would lead the first round.
In the U.K., the anti-immigration Reform UK, led by the former Brexiteer Nigel Farage , has surged in the past six months and is now comfortably ahead in opinion polls of the ruling Labour Party and the opposition Conservatives, the political duopoly that has dominated British politics for the past century.
In Germany, the far-right Alternative for Germany, or AfD, has been neck-and-neck with the ruling centre-right Christian Democratic Union in polls since the start of the year. The AfD has pulled slightly ahead in recent weeks, the first time it has done so since April, according to Forsa, one of the country’s leading pollsters.
Like the U.S., much of Europe has experienced two things at the same time since the pandemic: record levels of immigration that have caused a voter backlash, and a surge in inflation that has now eased but left prices for many goods much higher than before—leaving many voters feeling worse off. Social media has also polarised opinions.
Unlike the U.S., however, much of Europe has almost no economic growth, fuelling a widespread sense that the continent faces years of drift , as well as political gridlock.
The sense of economic decline together with rapid immigration is a toxic combination that has turned many voters against established political parties, said Jérémie Gallon, a former French diplomat and head of Europe for consulting firm McLarty Associates.
“It’s the same story from smaller English cities to the French countryside to German towns, where many people feel like the traditional elites look down on them or ignore their concerns,” he said.
Bardella and National Rally have tapped into widespread anxiety that France’s Muslim minority, one of the largest in Europe, is encroaching on the secular values of the French Republic, and into a perceived decline of living standards among working-class and middle-class families.
In recent years, National Rally has evolved from a fringe protest movement to the country’s largest single party in the National Assembly, France’s lower house of Parliament.
That hasn’t proved enough yet for the far-right party to take the reins of government, but it has made the country increasingly difficult to govern. France’s government is again on the brink of collapse , less than nine months after conservative French Prime Minister Michel Barnier was ousted from office.
This past week, National Rally pledged to vote against the government again on Sept. 8, when centrist Prime Minister François Bayrou plans to hold a confidence vote in the National Assembly ahead of what are expected to be difficult negotiations for a new budget. On Tuesday, Bardella called on President Emmanuel Macron to hold new parliamentary elections or resign.
In recent years, Germany and the U.K. both saw the biggest surges in immigration in their history, even if the numbers have begun to fall this year. In Germany, the share of residents born outside the country surged from just over 15% in 2017 to a record high of 22% in 2024, according to government data. That compares with about 16% in the U.S.
The U.K., meanwhile, has grappled with a record rise in legal and illegal immigration. Some 4.5 million people arrived legally between 2021 and 2024, primarily from India, Nigeria and China. That is slightly more than those who legally entered the U.S.—which has about five times the population of the U.K.—over that time. In addition, tens of thousands of people have illegally crossed the English Channel on flimsy boats each year to claim asylum.
So far this year, record numbers of people—29,000 through the end of August—have made the crossing, sparking growing pressure on Prime Minister Keir Starmer , who came to power last year vowing to “smash the gangs” that control migrant smuggling and reduce the crossings.
Adding to the pressure on Starmer, protests flared this summer in some English towns over the use of local hotels where the government is paying for migrants to stay until their asylum cases are resolved.
In Germany, a surprising feature of the AfD’s latest surge is that it has coincided with a drop in immigration numbers under the current government. In the midst of tougher border controls, new asylum requests fell more than a third in the first half of the year compared with the same period last year.
Friedrich Merz , the conservative chancellor, has also done away with some of his predecessor’s green policies, often criticised as excessive by the AfD.
A raft of growth-supporting measures, from corporate tax cuts to rising infrastructure investments, have yet to show any effect, however. The economy contracted by 0.3% in the most recent quarter, extending a two-year recession.
This, said Manfred Güllner, head of Forsa, was one of the factors for the AfD’s recent surge. “Voters are seeing a lot of action, but they’re not feeling any effect,” he said, pointing to the mismatch—or at least the time lag—between promises and results.
The AfD has campaigned for the deportations of immigrants in the country illegally; for Germany to leave the European Union and the euro currency; and for the country to rethink its culture of Holocaust remembrance.
It rejects the notion of man-made climate change. Its economic polices are similar to those of Merz’s Christian Democratic Union, but it also wants to increase pension benefits and limit noncitizens’ access to welfare benefits.
Some of its leaders and lawmakers have drawn scrutiny for their sympathies toward Russia and China —the party has called for Germany to resume energy deals with Moscow—while economists have said its push to leave the EU could damage the country’s export industries.
But the party has also enjoyed the support of people close to President Trump, in particular Vice President JD Vance and tech billionaire Elon Musk .
The AfD has tapped into economic frustration to buttress its appeal. Its program in the lead-up to February’s federal election focused on economic proposals, ahead of topics such as security and immigration.
This has helped it gather support among blue-collar voters in economically depressed regions far away from the party’s historical strongholds in former East Germany, such as the Ruhr, the industrial Rust Belt region east of the Rhine Valley.
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Parts for iPhones to cost more owing to surging demand from AI companies.
Apple has dominated the electronics supply chain for years. No more.
Artificial-intelligence companies are writing huge checks for chips, memory, specialised glass fibre and more, and they have begun to out-duel Apple in the race to secure components.
Suppliers accustomed to catering to Apple’s every whim are gaining the leverage to demand that the iPhone maker pay more.
Apple’s normally generous profit margins will face pressure this year, analysts say, and consumers could eventually feel the hit.
Chief Executive Tim Cook mentioned the problem in a Thursday earnings call, saying Apple was seeing constraints in its chip supplies and that memory prices were increasing significantly.
Those comments appeared to weigh on Apple shares, which traded flat despite blowout iPhone sales and record company profit.
“Apple is getting squeezed for sure,” said Sravan Kundojjala, who analyses the industry for research firm SemiAnalysis.
AI chip leader Nvidia recently became the largest customer of Taiwan Semiconductor Manufacturing , or TSMC, Nvidia Chief Executive Jensen Huang said on a podcast.
Apple had been TSMC’s biggest customer by a wide margin for years. TSMC is the world’s leading manufacturer of advanced chips for AI servers, smartphones and other computing devices.
Spokesmen for Apple and TSMC declined to comment.
The big computers that handle AI tasks don’t look like the smartphones consumers own, but many companies supply components for both. In particular, memory chips are in short supply as companies such as OpenAI, Alphabet’s Google, Meta , Microsoft and others collectively spend hundreds of billions of dollars to build AI computing capacity.
“The rate of increase in the price of memory is unprecedented,” said Mike Howard , an analyst for research firm TechInsights.
That applies both to the flash memory chips that store photos and videos, called NAND, as well as the memory used to run apps quickly, called DRAM.
By the end of this year, the price of DRAM will quadruple from 2023 levels, and NAND will more than triple, estimates TechInsights.
Howard estimates that Apple could pay $57 more for the two types of memory that go into the base-model iPhone 18 due this fall compared with the base model iPhone 17 currently on sale. For a device that retails for $799, that would be a big hit to profit margins.
Apple’s purchasing power and expertise in designing advanced electronics long made it an unrivaled Goliath among the Asian companies that make most of the iPhone’s parts and assemble the device.
Apple spends billions of dollars a year on NAND, for instance, according to people familiar with the figures, likely making it the single biggest buyer globally. Suppliers flocked to win Apple’s business, hoping to leverage its know-how and prestige to attract other customers.
These days, however, “the companies now pushing the boundaries of human‑scale engineering are the ones like Nvidia,” said Ming-chi Kuo, an analyst with TF International Securities.
Demand for AI hardware is poised to keep growing rapidly. Apple’s spending growth is modest in comparison with what is being spent to fill up AI data centers, even though it is breaking records with huge sales of the iPhone 17.
Samsung Electronics and SK Hynix are raising the price of a type of DRAM chip for Apple, according to people familiar with Apple’s supply chain.
Big AI companies pay generously and are willing to lock in supply and make upfront payments, giving the South Korean chip makers leverage against the iPhone maker.
Apple signs long-term contracts for memory, but it has used its heft to squeeze suppliers.
Its contracts have empowered it to negotiate prices as often as weekly, and to even refuse to buy any memory from a supplier if Apple didn’t view the price as favorable, according to people familiar with its memory purchases.
To boost leverage with suppliers, Apple even began stocking more inventory of memory. That was atypical for Cook, who normally cuts inventory to the bone to maximize Apple’s cash flow.
Apple is fighting not only for current deliveries but also for the attention of engineers at suppliers.
Glass scientists who worked on developing the smoothest and lightest smartphone displays are now also spending time on specialised glass for packaging advanced AI processing chips, according to industry executives.
Makers of sensors and other gizmos inside the iPhone are winning new business from AI companies such as OpenAI that are developing their own hardware.
Still, suppliers said they were far from giving up on business with Apple. Working with Apple is a form of education, they said, because it remains one of the most demanding and disciplined customers in the industry.
TSMC, the Taiwanese chip manufacturer, has built successive generations of its most advanced chips with Apple as its lead customer, relying on the big predictable demand for iPhones.
Now that TSMC is doing more business with Nvidia and other AI companies, people with knowledge of the chip supply chain said Apple was exploring whether some lower-end processors could be made by someone other than TSMC.
One of Apple’s biggest profit-spinners is selling extra memory for far more than the memory chips cost the company.
Last fall Apple discontinued the iPhone Pro model with 128 gigabytes of storage.
Customers who want that model must now start at 256 gigabytes and pay $100 more—the type of move that could be repeated this year to help Apple offset higher costs, wrote Craig Moffett, an analyst at Moffett Nathanson, in an investor note.
However, Apple isn’t expected to raise the price of its next iPhone models over similarly equipped iPhone 17s, said Kuo, the analyst.
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