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Bloomberg
Bloomberg
US · 27 mins ago
78◉ Centre
UK Markets Are Pricing Swing to Leftist PM, Economist Says
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Accuracy 78/100
Partisan intensity 35/100
ObjectivePartisan
◉ Centre ✓ Fair headline

A chief economist at Peel Hunt suggests UK financial markets are reacting to potential political change, specifically the risk that PM Keir Starmer could be replaced by someone further left who might increase taxes, borrowing, and regulation.

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UK Markets Are Pricing Swing to Leftist PM, Economist Says
Kallum Pickering, chief economist at Peel Hunt, discusses the UK market reaction as Prime Minister Keir Starmer battles to save his premiership. "The danger here, this is a tail risk, is that Starmer could be replaced by someone who is further to the left that attempts to raise taxes, raise borrowing, add more regulation onto the economy," Pickering says on Bloomberg Television. (Source: Bloomberg)
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