UK investors back a future Labour government - reports
Around two-thirds of City professionals would back Keir Starmer as the UK’s next prime minister | Credit: Keir Starmer, Twitter
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 Budget, according to reports by The Telegraph.
He said: «When Brexiteers tried to create Singapore on the Thames, the Truss government instead delivered Argentina on the Channel — and that was a year ago.
»Those with little experience in the private sector — lifelong politicians masquerading as free marketeers — grossly undervalue the importance of mission, of institutions, and of discipline to a strong economy.
«Nothing, even far right populist politicians, can demolish our efforts more quickly than a fiscal crisis, and the market reaction to the Truss budget underscored the tough new macroeconomic environment.»
He added: «Sound money and credible policies will be rewarded, mistakes will be punished. No government will be exempt.»
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