How worried should we be about a change (by which, read, to Labour) of government? Well, one person’s change for the better is another’s worst nightmare, of course, but let’s try to look at this with the dispassion of the markets and money persons. Firstly, lessons of history, different is not necessarily worse and arguably having a chancellor with an actual qualification in economics is a good thing; although, yes, Rishi has one too. And although history, they say, rhymes rather than repeats itself, ‘a change of government, and defeat for the incumbent is not necessarily a bad thing for UK equities’ and ‘the FTSE All-Share has often reacted positively to a change in Government’. Whatever your politics, it seems certain the ‘shake up’ will not be as potentially drastic as it may have been when other incumbents of whatever persuasion have been threatened; which makes it, I’d say, more likely to happen.
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
