Industry in 'wait and see' mode as UK outlook post-Boris looks cautiously optimistic

Domestic businesses could benefit

Kathleen Gallagher
clock • 3 min read

The asset management community is sitting on its hands as it assesses the ongoing political changes in the UK following Boris Johnson’s resignation. Some are hopeful a “firm hand on the tiller” will lead to a boost for the UK equities, while others think this will have little impact on what is considered a dire macroeconomic environment.

"This development is undoubtedly positive for the UK market, the UK economy and its voters," said James Penny, chief investment officer at TAM Asset Management. "The UK economy will always respond positively to a firm hand on the tiller of the country, so this is only a benefit for the economy and its prospects as we head into a time of economic contraction," he explained.   Adding that while clear market winners are not "immediately apparent", the successor to Johnson is likely to have a "softer stance" with regards to Brexit negotiations and that could boost UK domestic businesses. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

UK inflation falls to 2.6% in March amid warnings of further price rises
UK

UK inflation falls to 2.6% in March amid warnings of further price rises

CPIH at 3.4% in March

Sorin Dojan
clock 16 April 2025 • 2 min read
UK retail sales defy expectations but outlook is taxing
UK

UK retail sales defy expectations but outlook is taxing

YoY retail sales growth below three-month average

Beth Brearley
clock 15 April 2025 • 2 min read
Treasury launches support package for businesses hit by tariffs
UK

Treasury launches support package for businesses hit by tariffs

£20bn in UKEF support

Sorin Dojan
clock 14 April 2025 • 2 min read
Trustpilot