Slater avoids 'political footballs' ahead of general election

Mark Slater has sold out of utility company Centrica and bookmaker William Hill in his Income fund, ahead of May's general election.

The sectors have both been in the firing line in the run-up to the election. In September 2013, Labour leader Ed Miliband said Labour would freeze energy prices for 20 months if elected, while bookmakers saw their share price fall after a clampdown on fixed betting terminals in last year's Budget. Slater (pictured) said: "We are steering clear of any areas where there might be problems caused by elections. We want to avoid any areas that could become a political football. Utility and gambling companies are very likely targets, so we have sold our exposure there." However, he is keepin...