Woodford: Election outcome has made me 'even more optimistic' on UK

'Softer Brexit'

Neil Woodford, manager of the £10bn CF Woodford Equity Income fund, has said he has become even more bullish about the outlook for the UK economy as the election outcome will point to looser fiscal policy and a "softer" Brexit.

In reaction to the shock General Election result of a hung parliament, which has lead to Theresa May entering talks with Democratic Unionist Party (DUP) to form a minority government, Woodford said he sees more opportunities as the market was taking on an increasingly bearish consensus on the UK. "From where I am sitting, economically not a lot has changed. In fact, in some respects, the outlook for the UK economy has actually improved," the fund manager said. 'This is the result markets feared': Industry reacts to General Election outcome "The fundamentals of the businesses within...