According to Rabobank analysts, for the UK economy, politics remain in focus with the UK by-election, where if the Tory candidate loses and he is expected to, the BoJo government loses its working majority.
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“That further complicates the parliamentary arithmetic, of course, and backs the view the UK will have a general election soon. However, it’s equally clear that vote would be held on a ‘Leave any which way’ policy from the Tories and the Brexit Party, perhaps in coalition, against a ‘Remain regardless’ stance from the Lib-Dems and Labour(?) and the Greens and all of the new mini-parties that have sprung up like mushrooms on the decaying corpse of British-politics-as-usual.”
“Yet Brexit and Tory voters strongly overlap: do Labour and Lib-Dem voters quite as much, given the latter were so recently in a Tory coalition? Like I said, watch GBP as well as the BOE.”
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