Money Distilled

Why UK Markets Can Withstand Turbulent Politics

A glance back at the 1970s (believe it or not) suggests reasons for optimism.
Andy Burnham, Labour mayor of Greater Manchester and potential rival to Prime Minister Keir Starmer.Photographer: Chris J. Ratcliffe/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

When British voters went to the polls to elect a new government in the summer of 2024, even those who were skeptical about the ability of the new administration to set the country on an exciting new growth path concurred with their more idealistic peers on one point: the benefits of stability.