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BT - BT Leads List Of U.K. Telecoms Subject To Political Risk
BT Group plc American Depositary Shares
Elections, elections
There is always political risk at election time and this hustings is no different. In general the Labour Party says that it will nationalise the utilities - water, train, electricity and so on - and the price of this is already built into market prices.
That is, the probability of their winning the election - currently not that high - times the price they say they'll pay for the assets. That has to be something close to market price under international law but they've also said that they'll pay by issuing more gilts