UK investors back a future Labour government - reports

Mini Budget backlash

Cristian Angeloni
clock • 1 min read

The majority of UK investors would prefer a Labour government or a Labour-led coalition government to a Conservative one, according to a survey conducted by Bloomberg.

The survey of portfolio managers, traders and retail investors revealed around two-thirds of City professionals would back Keir Starmer as the UK's next prime minister. This was largely due to the backlash following the Mini Budget in September 2022, which sent gilt markets spiralling, the pound to an all-time low against the dollar and mortgage rates to record highs. Public satisfaction with Bank of England falls to record low Speaking at the Global Progress Action Summit in Canada, former Bank of England governor Mark Carney added his voice to those unimpressed by Liz Truss' Mini...

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