UBS: Sterling to be hit by General Election chaos April 20, 2015 No party is set to win a majority at the General Election next month, and analysts at investment bank UBS predict a minority government is the most likely outcome. Such an administration is considered less stable than a majority or coalition government, and so the analysts expect sterling to take a hit after the vote. [...]
How the General Election could impact the FTSE 100 – DailyFX Tips & Picks April 20, 2015 With the General Election just weeks away, traders are getting excited about the potential impact on financial markets. There is a multitude of ways of trading it: while some will take a view on the FTSE 100, others will focus on sterling or individual shares. Today we will look at the FTSE 100 since the [...]
Forget small ideas for big challenges: This is the economic manifesto Britain needed April 20, 2015 Distance sometimes gives you a better perspective. What became clear to me abroad last week was that, in an age of big economic challenges, the ideas in the parties’ manifestos are very small. In fact, we’re seeing a depressing resurgence of misguided giveaways, interventions and price controls. We’d hope a politician would be handsomely rewarded [...]
General Election 2015: Labour victory would threaten UK’s credit rating argues Henderson chief exec April 20, 2015 The chief executive of Henderson Global Investors has warned that the UK's AAA credit rating would be under threat in the event of a Labour victory at the General Election. Andrew Formica, head of the FTSE 100-listed investment management group, also warned that a Tory victory and the possibility of a referendum on EU membership [...]
General Election 2015: Ed Miliband gives me the heebie jeebies, Nigel Farage models himself on Boycie and Nicola Sturgeon has “thin lips” – here are the best reactions to the party manifesto launches April 20, 2015 Voters have had some interesting reactions to the manifesto launches of the last week – and not in the way you might expect. They collectively had only “the haziest recollection” of the details – despite them dominating the news all week. As part of the weekly poll update for Ashcroft National Polls, they had [...]
Bye-bye HSBC? The British bank is eyeing a move abroad April 20, 2015 HSBC will look into upping sticks and moving its headquarters out of London once the regulatory environment becomes clearer, its chairman said today. "We are beginning to see the final shape of regulation, the final shape of structural reform and as soon as that mist lifts sufficiently we will once again start to look at [...]
SNP manifesto: Nicola Sturgeon promises Scottish veto on Brexit, end to austerity and higher taxes April 20, 2015 Nicola Sturgeon has vowed to end austerity economics at the SNP's manifesto launch at a rock climbing centre in Edinburgh. Sturgeon said that under no circumstances would the SNP do a deal with the Tories in the event of a hung parliament but would act to embolden a minority Labour government and shift policy to [...]
General Election 2015: David Cameron challenges SNP over devolution with the “Carlisle Principle” April 20, 2015 David Cameron has thrown down the gauntlet to the SNP by promising to conduct yearly reviews of devolution to ensure that decisions made in Holyrood do not result in the rest of the UK losing out. The powers of the Scottish parliament "can now have a big impact on your job, your income, and investment [...]
Revealed: How the mansion tax could cost taxpayers £175m April 20, 2015 More than 120,000 households could face a bill of up to £4,800 each to have their property revalued thanks to Ed Miliband's mansion tax. The total cost to homeowners of revaluing their properties would come to around £110m, according to upmarket estate agent Savills. But it's not only owners of high-end property who are in [...]
Labour tells SNP, vote us down if you dare: Ed Balls slams claims of post-General Election deal with Scottish Nationalists April 20, 2015 Shadow chancellor Ed Balls insisted yesterday that the Scottish National Party (SNP) will have no involvement in his first Budget, should Labour be the largest party after May’s election yet fail to have a majority of MPs. Balls said that there would be an “absolute 100 per cent total firewall” between the SNP and a [...]