Goldman Says U.K. Tory Election Win More Market-Friendly
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A Conservative win in the U.K.’s May 7 election would be seen as the most market-friendly outcome, Goldman Sachs Group Inc. analysts said in a note to investors.
A Conservative-led administration, whether alone or in coalition with their current partners, the Liberal Democrats, is likely to deliver more rigor in bringing down the budget deficit, while Ed Miliband’s Labour Party has promised tax rises and regulatory measures that may weigh on banks, utilities and retailers, according to the note.