RE: Uncertain times17 Nov 2023 12:13
Keep in mind that the Labour govt (Brown-Blair) brought about an unprecedented and astonishing -23% collapse in UK GDP per-head in just 2 short years between 2007 and 2009. Labour left the country in severe decline and with no money left in the pot. Much like the 1970s.
Conservatives have spent the past 13 years clearing up that Labour disaster from the 2000s. And we're now starting to see the fruits of Tory recovery in the 2020s. The UK defeated the Scottish separatist movement in 2014, gained Brindependence for the Mother of All Parliaments in 2016, is the world's fastest-growing G7 major economy in 2021 and 2022, overtook France to become Europe's 8th largest manufacturing country in 2023, EU exports sit at record highs, and UK will easily outgrow the shrinking Eurozone in 2024.
So, be careful what you wish for... A Labour govt by 2025 is more than likely to slam UK banks with a bitter windfall tax. Labour is no friend of LLOY (or the UK).