Election Fever - Anticipating a new political landscape in the UK

Financial Advisory

27 June 2024

ElectionsFinancial AdvisoryGeopoliticsMeeting of MindsPensionpolicyUK

Expert and facilitator: Ralph Jackson, Consultant

Headlines:

  1. An in-depth analysis of the manifestos and pledges of the major political parties, particularly the Conservatives and Labour
  2. Economic policies, taxation, pension policy, public spending, regulatory reforms, and the potential impact on various sectors, including financial services
  3. The strengths and weaknesses of the party leaders, their public perception, and the strategies employed during the campaign.

Discussion points:

Potential election outcomes
The potential outcomes of the election, drawing from opinion polls (From Opinium and others) and seat projections based on vote share, including the potential impact of smaller parties, such as the Liberal Democrats, Greens, SNP, and Reform UK, on the overall outcome.

Geopolitical risks and challenges
The various geopolitical risks and challenges that the incoming government may face, such as the ongoing conflict in Ukraine, tensions with China, and the potential impact on defence spending and international relations as well as the implications of the US presidential election and the potential impact on the UK's relationship with the US.

Implications for the financial services industry
The potential implications of the election outcome for the financial services industry, in particular financial advisers and wealth managers.

The impact of proposed policies in areas such as taxation, regulation, investment, and public spending and the potential for regulatory reforms and the role of industry bodies in shaping future policies.

Key takeaways:

  • Closely monitor the election outcome and the potential impact on the financial services industry
  • Analyse the manifestos and pledges of the major political parties, particularly in areas related to taxation, regulation, and public spending
  • Assess the potential implications of geopolitical risks and challenges on the incoming government's policies and priorities
  • Once an outcome is known engage with industry bodies to understand the shape of any future regulatory reforms (Owen James can of course assist too)
  • Once the first plans and Budget are clear from an incoming Government, then prepare contingency plans and strategies to adapt to potential changes in the regulatory and policy landscape

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