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Future of British Business

UK Stock Markets Will Be Glad to Forget Boris Johnson’s Tenure

  • UK underperformed global equities during PM’s time in office
  • Domestic companies suffered amid Brexit and staff shortages
FTSE share index board in the atrium of the London Stock Exchange Group offices in London.

FTSE share index board in the atrium of the London Stock Exchange Group offices in London.

Photographer: Luke MacGregor/Bloomberg

UK equities have been laggards ever since the 2016 Brexit referendum, and they didn’t do any better with Boris Johnson running the country.

The FTSE 100 and the locally-focused FTSE 250 have both fallen about 8% in dollar terms since the outgoing Prime Minister took office in July 2019, with a bleak economic outlook and political turmoil since Brexit keeping investors away from UK assets.