Labour exchange
Article Abstract:
There is a division of opinion as to the likely impact of a Labor government on the exchange rate for pound sterling. The party is traditionally linked to a drop in the value of thepound due to fears of currency markets. Robert Fleming is concerned that the party could keep the pound weak in order to boost manufacturing industry through exports. The party is committed to keeping inflation low and controlling government spending and this could help boost the value of the pound, as could a commitment to Maastricht criteria.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
A laboured view
Article Abstract:
Any government elected in the UK is likely to seek to control consumer spending which will have risen prior to the election. The government will seek to control public spending and keep inflation low. This means that real estate and construction will not benefit especially from a Labor party victory. Retailers could be hit by the imposition of a minimum wage which would push their costs up. Retailers dealing with poorer people could benefit if the Labor party reduces taxes on the lower paid.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: When more is harder. Taking a long view
- Abstracts: First steps on a long journey. Getting a clear view
- Abstracts: A changing market. Japan: bailing out the banks. Shake-out in US banks
- Abstracts: Should I stay or should I go. ADT takeover: Ashcroft cashes in. Pointing the finger at lottery losers
- Abstracts: Package tour companies get summertime blues. Keeping its bottle. The men who want a straw poll on Europe