The Labour Party has come back into power in the UK after 14 years. For the City of London, this brings hope for some stability amid the rise of competing financial sectors around the world. But will efforts to revitalize markets and the economy work out? The FT’s chief UK business correspondent Michael O’Dwyer analyzes the expectations of City of London executives from the newly elected government.
Clips from BBC, Today, NBC News, CNN
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For further reading:
How will Rachel Reeves run the UK’s finances?
The City of London’s wish list for the new Labour government
The club of City executives plotting a revival for the UK’s capital markets
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