City Of London

UK’s Slumping Local Stocks Reflect Headache Facing New Leader

  • UK midcaps set for record underperformance versus blue chips
  • Homebuilders, retailers suffer amid rate hikes and inflation
Photographer: Simon Dawson/Bloomberg
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Domestic UK stocks have had a rough year. And with recession looming and the pound plunging, it’s hard to see how things will get better anytime soon for a new prime minister on that front.