Where next for infrastructure trusts and the 'nationalisation debate'?

Managers spooked over prospect of Corbyn premiership

As Brexit uncertainty continues to cloud British politics, and hints of a snap General Election abound, analysts have warned infrastructure trusts could be hit hardest by policies from a potential Labour government.

The probability of a new Prime Minister before the 2020 General Election is becoming increasingly likely as Theresa May fails to push through her Brexit deal and, as a result, forecasts for infrastructure funds with a high exposure to UK private finance initiative (PFI) projects are being downgraded to a significantly lower rating compared to those without, due to nationalisation plans from a potential Labour government. Matthew Hose, equity research analyst, investment companies at Jefferies, said if the Party was to return to power and such plans were enacted there "would not be wholes...