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By William Vaughan & Matti Karp
On July 4, while Americans were busy firing up the BBQ to celebrate their independence from Great Britain, those in the UK were in the voting booths, deciding on which
U.K. Update: Life Under Labour
Summary
- Labour’s manifesto is largely fiscally neutral with total net policy measures amounting to approximately £0.5bn GBP, and higher spending offset by increased taxation.
- Starmer has pledged to build 1.5 million homes during his term and also support younger people in new housing developments with a government-backed mortgage guarantee scheme.
- With Starmer’s likely cautious approach at the beginning of his tenure, policy rate expectations are unlikely to change significantly, although some net fiscal easing is likely.
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