The UKIP factor: M&G's Leaviss warns of disaster for sterling as political risk looms

Anna Fedorova

The growing chance of a party outside the established top three getting a key role in a coalition government is starting to spook managers, as UKIP in particular gains ground ahead of the general election.

The unexpected win of the UKIP party led by Nigel Farage (top left) in a recent by-election in Clacton has been followed by surveys suggesting the party has much greater support across the UK than previously thought. A YouGov poll released on Thursday estimated support at 18%, while Survation and Ashcroft National Poll reported 25% and 19% respectively would vote UKIP. Recent analysis by the Guardian’s data team also suggests UKIP has the chance of winning 30 constituencies in next year’s election. M&G’s bond veteran Jim Leaviss (top right) said while a coalition formed by the Cons...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment

Recession will be the main focus in Q3

How to invest in a recession

Mild recession already priced in

clock 11 August 2022 • 4 min read
All the latest from the world of ESG investing

ESG Blog: UN secretary urged governments to impose windfall tax on 'immoral' energy companies

Round-up of ESG coverage

Investment Week
clock 04 August 2022 • 1 min read
The extraordinary general meeting (EGM) will take place on Friday 5 August.

Trian 1 story continues as shareholders call for support ahead of extraordinary general meeting

'Not fit for purpose'

clock 26 July 2022 • 4 min read