A Labour Government with a large majority – what are the implications for your financial planning?

1024 535 Jess Easby

With the votes cast and Kier Starmer and his Labour party securing a landslide majority, the financial markets are anticipating a period of growth and stability. 

With a tumultuous three Prime Ministers and five Chancellors since 2019, hopefully the large Labour majority and their stated focus on growth and cautious fiscal policies will bring about much needed financial security and organisational collaboration so important to the markets and investors. 

Stating she ‘means business’, the UK’s first female Chancellor Rachel Reeves spoke of the overhaul of finances saying “These are the first steps that we will take to bring that growth back to the economy and I’m determined to work, as are all of my colleagues, to do that, to unlock the private sector investment we need to grow our economy.” 

As with any political and economic changes, there are prudent steps and approaches all investors should make. Please download our guide to why keeping focused on long term financials goals is key.

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