Since Jeremy Corbyn took over as leader of the Labour Party,
it has shifted remarkably, deserting the business friendly,
'third way’ policies that were well received by
the financial sector in the 1990s and early 2000s when promoted
by former leader Tony Blair.
The party’s keenness for renationalisation has
clear implications for investors in the UK’s
utilities and services, with water and energy sectors likely to
be nationalised in light of a Corbyn government.
"When it comes to the prospect of a Corbyn government, the
answer is yes, investors should be concerned," said Colm
Gibson, managing director at Berkeley Research Group.
- Labour’s policy commitments include
radical plans for renationalisation;
- Investors in the UK and beyond could lose out
from this and not obtain fair market value;
- Investors can protect themselves through
international treaties and human rights law.
The reasons for concern are outlined in