UK Prime Minister Rishi Sunak has launched a high-stakes gamble to hold onto power.
But after years of political turmoil, thiselection campaign has the potential to be much less volatile for UK markets. Markets have barely reacted to the election announcement UK Prime Minister Rishi Sunak has caught the country by surprise and called a snap election for 4 July, setting the scene for a short and swift campaign. But you wouldn’t know it looking at UK markets, where the impact so far has been minimal. UK investors have become accustomed to political drama over the past few years.
That follows recent turmoil in the party. 4. Neither party is promising radical fiscal policy shifts Fourth – and perhaps most importantly – with the 2022 mini budget crisis still fresh in the nation's political memory, none of the major parties are promising a radical departure from existing economic policy. Both Labour and the Conservatives have emphasised that they’ll stick to the existing fiscal rules, overseen by the independent Office for Budget Responsibility.
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