“We could be about to enter a new dawn for UK equities” as Kier Starmer’s Labour party won a landslide victory in the UK general election 2024.
Following the announcement of Labour’s victory today (5 July), Artemis Select Fund co-manager Ed Legget said: “The relative political stability of the UK could see it become something of a safe haven for investors as other parts of the developed world move into an era of greater political uncertainty.”
Labour won 412 seats in the House of Commons while a record number of Conservative cabinet ministers lost their seat.
These include former defence secretary Grant Shapps, House of Commons leader Penny Mordaunt and education secretary Gillian Keegan.
Additionally, Legget explained as Labour now needs to honour its commitment to review the pensions landscape and consider what further steps are needed to improve pension outcomes and increase investment in UK capital markets.
“This…
