UK emerges as haven from global storms

Some bankers expect a revival for UK stock markets shrivelled by relentless selling during years of turbulence under successive Conservative governments. — Reuters

INVESTORS are looking at UK markets as a potential haven as political uncertainty rises in the United States and elsewhere in Europe, in what could mark a stunning turnaround for a country that appeared to have lost its traditional appeal to global capital.

A landslide election victory for Britain’s centre-left Labour government last week offers the prospect of predictable policy and improved trade with the European Union to reboot an economy that has struggled since the 2016 Brexit vote.