Industry experts have warned a Labour victory with Jeremy Corbyn becoming prime minister in the next election is not "beyond the realms of possibility" and would be "unambiguously" negative for markets, pointing to the party leader's anti-financial market policies such as re-nationalisation and a corporation tax increase.
In a note to investors last year, Morgan Stanley said it was increasingly likely another general election could be held next year after Prime Minister Theresa May only managed to form a minority government in 2017's snap election. Meanwhile, Michel Perera, CIO at Canaccord Genuity Wealth Management, said the Labour Party appeared "stronger than it ever has under Corbyn" particularly compared to the Conservative Party where rifts have formed during the ongoing Brexit negotiations. The CIO said: "[Corbyn] has engineered the support of the disenfranchised youth and won back defectors to ...
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