In the second part of our election countdown series, Annabelle Williams investigates which sectors could be under threat from UK politics over the next 12 months.
The political and regulatory risks are looming large ahead of next year’s UK elections. A series of announcements from the government, the opposition, and regulators have caused share price turbulence in sectors as varied as energy, insurance, housing, and gambling. For example, the government’s latest Budget hit the gambling sector with a surprise 25% tax on gaming machines, while changes to annuity requirements have caused uncertainty for life insurers. Life companies have been further affected by a charging cap and the Financial Conduct Authority’s decision to review ‘back book’ ac...
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