TUC says Labour has ‘historic opportunity’ to ‘repair and rebuild Britain’
“What a difference five years makes, Labour have turned themselves around” and is on course for a decisive victory, Kathleen Brooks, research director at the currency broker XTB, said:
Since the result is broadly as expected, the pound has had a muted reaction to [the] news. Due to this, the focus will now shift to what the future holds. Sir Keir Starmer still needs to lay out in more detail his plans for spending and taxation, and, most importantly, how he will grow the economy.
The financial markets trust that the UK’s fiscal position is secure with Labour, hence why bond yields and the pound have remained stable during this election campaign. The focus now will quickly shift to Starmer’s first 100 days in office, and how he lays out his economic plans to boost growth at the same time as improving public services.
It’s a breath of fresh air to be running [UK] equities in a market where the election is seen as a non-event.
I’m hoping we’re going back to an era where boring is good and politics treads lighter in people’s lives. It will be a more gradual lifting [of confidence].
