ZGBR - U.K. Elections: What's Next For Economy And Markets?
The U.K. is set to head to the polls on December 12. Election uncertainty is high given fragmented polling and the U.K.’s first-past-the-post electoral system. Current polls suggest the Conservatives will win an outright majority. But the numbers are tight, historical poll-to-seat mappings are likely imprecise given today’s political fragmentation, and polls will likely swing in coming weeks. So, on balance, we believe an outright majority for the Conservatives or another hung Parliament are equally likely outcomes.
If the Conservatives get an outright majority, we expect the Parliament to ratify Prime Minister Boris Johnson’s Brexit