UK Plc's discount steepens as political crisis over Brexit deepens

Growing worries about Britain crashing out of the European Union and a general e...

LONDON - Growing worries about Britain crashing out of the European Union and a general election that could usher in a new government and major changes to UK Plc have steepened the discount for London-listed companies with exposure to the domestic economy.

But worries about a no-deal Brexit have grown following the appointment of staunch Brexiteer Boris Johnson as Prime Minister in July. No-deal Brexit worries combined with fresh upheaval over a general election have made UK assets even less palatable, said Edward Park, deputy chief investment officer at Brooks Macdonald.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brexit crisis spurs collapse in UK construction orders: PMIBritish construction companies suffered the sharpest drop in new orders since th...
Read more »

UK getting positive reception from Europe on Brexit plan - RaabThe British government has received a positive reception to its revised Brexit p...
Read more »

U.K. Lawmakers Move to Block Boris Johnson From No-Deal BrexitBritish lawmakers are expected to vote on whether to begin steps aimed at preventing Prime Minister Boris Johnson from leaving the EU on Oct. 31 without a deal, a process that could lead to a snap election next month.
Read more »

U.K. Election Warning As MPs Move To Pass Law To Block No-Deal BrexitBritish MPs returning from recess will enact their plans to block Britain leaving the EU without a trade deal on Boris Johnson's intended Halloween deadline.
Read more »

UK Parliament takes on pivotal day on BrexitLONDON (AP) — Opposition parties are challenging Prime Minister Boris Johnson's insistence that the U.K. will leave the European Union on Oct. 31 even without a deal, setting up a pivotal day in...
Read more »

Brexit crisis pushes UK borrowing costs to record lowsBritish government borrowing costs plunged to record lows on Tuesday as the Brex...
Read more »