UK corporate bond ‘chaos’ predicted if Labour Party wins

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By Mike Turner
05 Dec 2019

High grade corporate bond bankers have warned of near-pandemonium in the UK market if the Conservative Party fails to form a government after the general election on December 12. They fear rocketing spreads and constricted market access during the busy January issuance window.

A Conservative win is widely predicted. That has driven sterling to its highest level since May, of $1.32. But the official opposition, the Labour Party, is running on its most socialist platform for decades, with promises to nationalise industries including the utilities and railways. 

“It would be chaos,” said ...

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