Eden Group economic consultant Max King argues it is time for the City to speak out over key investment issues in the face of an election, particularly where recent performance of the economy has been questionable.
Embarrassed by the heavy bias of their collective personal opinions against Labour, most investment professionals and other City people assume an aura of impartiality in public in the run up to elections. However, the outcome of the election will be an important influence on the UK market, and therefore the issues cannot be avoided. Since Labour was first elected in May 1997, the FTSE 100 has risen some 9% and the All Share Index some 15%, compared with increases of over 40% in the US and European markets. Lest this underperformance by the UK market be thought a coincidence, there is ...
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