From CNBC:

Labour Party leader Keir Starmer addresses the annual Labour Party conference in Liverpool on Oct. 11. Barclays CEO C.S. Venkatakrishnan says U.K. political risk is low due to minimal economic policy differences between Labour and Conservatives. Polling suggests a forthcoming Labour landslide victory, showing a transformation into a centrist, pro-business alternative under Starmer’s leadership. Shadow Finance Minister Rachel Reeves has been promoting overseas investment in the U.K. at the World Economic Forum in Davos, emphasizing the party’s focus on economic growth and improving living standards without raising business or high-earner taxes.

Labour’s “five point plan for growth” includes new fiscal lock, reforms to planning laws, and ambitious investment strategies for several industries. Despite the U.K.’s economic sluggishness and high inflation, Barclays CEO expresses optimism for the British economy and consumer financial health. U.K. gross domestic product fell slightly in the last quarter, but has proven more resilient than expected. The upcoming data will determine if the U.K. has entered a technical recession.



Read more: Barclays CEO says difference in Labour and Conservative policy minimal