Why investors should learn to love Labour
Article Abstract:
There is a traditional view in the United Kingdom that when the Labor party is in power, equities perform poorly, but, taking global developments into account, equities have perform better under Labor. Global developments such as a rise in petroleum prices in 1974, have affected equities world wide at times when Labor has been in power, but the UK All-Share index has performed better than the Dow Jones under Labor. The Labor government in power in 1998 is seeking to control inflation, and inward investment has continued during Labor rule, despite pound sterling being strong.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Carry on worrying
Article Abstract:
The UK Nov 1996 Budget received a reassurement reaction from the shorter-dated government securities (gilts) market. Share prices were more affected by Wall Street than by the Budget, following a warning from Yale University's Robert Shiller that prices could be stagnant for the ten years from 1996. UK share prices are vulnerable to a drop in US share prices. There is also concern that the governor of the Bank of England is likely to seek further rises in interest rates.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Juggling with the Blair factor
Article Abstract:
There are two factors relating to political risk that could affect the UK stock market. The first concerns the impact of elections on the market and and their impact on stocks and bonds prior to results of the election. The second concerns the impact of a possible Labor government and its policies. The impact of a Labor government could be favorable for equities since the party places emphasis on low levels of inflation and fiscal discipline.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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