‘Won’t the markets crash if Labour wins? Should we move everything to cash just in case?’ Well, no, apparently not. In fact what markets hate is uncertainty. A big majority certainly brings certainty: we know who’ll be in charge for the next five years or so. Yes, there will (hopefully) be changes but they won’t be fought over and we can see that the moneymen, at least, are not fearful of the Daily Mail’s predicted ‘Starmergeddon’. The other good news for our own fossil-fuel-producer-dominated FTSE, although not for those of you clinging on to petrol and diesel cars (smug EV driver alert) is the rise in the oil price, which has and will push up the oil companies share prices. Again. And if you’re off on foreign hols, it’s been good for the £, too, so you’ll get a few more Euros for your sterling. Win, win, so far. Or, in the words of Ed Davey on Friday morning, Sweet Caroline.
“How to get rich in 2025”
Who wants to be a millionaire? Well, if you’re one of the 35% of the UK population renting long-term or of the 20% officially living in poverty, the answer’s ‘yes, please’.
