IMO it's an excuse for having a party. It's a waste of time, just tell people what the gender is (or don't), and leave it at that. It doesn't need whopp-off blue/pink cakes and confetti flying around everywhere.
What are the main challenges facing the new government? You mean apart from a total lack of political nous and knowledge of the real world? The central problem is the lack of true radicalism. When this country was great, we didn't have the welfare state, a National Health Service or free education. What we did have was an empire, no income tax and a fucking big navy. You don't need a PhD to work it out, do you?
It's all a load of bollocks, bloke at work had a photo of a kid leaving pre school with a mortar board and holding a scroll of paper, what the fook is all that about, if he was anything like his dad, a Crwew Alex fan, he probably ate the paper after.