While we don’t expect Labour to rush to deviate from its manifesto if, as the polls suggest, it wins next week’s general election, the market reaction to the upcoming French election reinforces the importance of politicians preaching fiscal discipline. As long as the next UK government retains that commitment, after a turbulent decade the UK may soon be a relative beacon of economic and political stability.
We're holding a 20-minute online briefing the morning after the general election (9.30am BST on Friday 5th July) to discuss what the election result means for the economy and the financial markets. (Register here.)
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