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Episodes
Thursday Jul 11, 2024
Thursday Jul 11, 2024
In this episode, Investment Director Tom Stevenson joins us to discuss the impacts of the recent UK election results on the markets. Tom addresses the potential implications of the Labour party government on investing in the UK providing insights into how stock markets typically respond to elections. Tom highlights the positive response to the shift in power, looking at the equity market, fixed income/bond markets, and the pound, all of which have risen. Discussing trade and foreign direct investment, Tom explains that the new Labour government is likely to positively impact sectors like home building, while potentially imposing more taxes on oil and gas sectors. One of the Labour’s key strategies to promote growth is to rebuild relationships with the EU, which could enhance trade relations outside of Britain. Tom does note how the UK market is heavily influenced by global factors. Tom concludes that the election results is viewed positively for the domestic economy, making the UK market an attractive option for investors.
Recorded on July 5, 2024.
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