If you weren’t in the front row at Glastonbury leading the ‘Oh, Jeremy Corbyn’ chants, the three words above may fill you with dread. That is, however, the headline of one of many articles analysing what would (or will) happen when it happens. The consensus, I have to tell you, is that it might not be the end of the financial world as we know it.
Economies and stock markets have fared pretty well under ’Traditional’ Labour governments, for a few years at least. Remember the Swinging Sixties and Cool Britannia (google it, kids)? The arrival of radical, tax-hiking, nationalising Corbynistas might crash the stockmarket at first but bargain-hunters would push everything back up again as would all that government spending.
What happens after those first few years? More than a few years of any brand of government is not usually a good thing . Remember 1992 and 16% interest rates (kids etc once again?) I rest my case.
