The big shift in the political landscape that has delivered the first Labour government since May 2010 is unlikely to lead to anything like as big a shift in the economic landscape. But at the margin, the policies of the new Labour government generate some upsides to our GDP, inflation and interest rate forecasts. The stability of the pound overnight is no surprise as a Labour win was already priced into the markets.
This publication updates the Rapid Response published after the exit polls to confirm the election result and include the latest projection for the majority of the new Labour government.
We’re holding a 20-minute online briefing today (9.30am BST 5th July) to discuss what a Labour government means for the economy and the financial markets. (Register here.)
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