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Prepare for Labour government, bank warns as it predicts 31pc chance of Corbyn taking power this year

The City is growing increasingly concerned about the probability of a Jeremy Corbyn-led government taking power as early as this year.
Analysts at Keefe, Bruyette & Woods conclude that the chances of the Government collapsing after failing to win support for a Brexit deal have jumped, which could lead to a snap election and Labour victory.
KBW notes some 40-80 Conservative MPs are positioned against the Government’s so-called Chequers agreement on Brexit, making a vote of no confidence in Theresa May likely.
Prepare for Labour government, bank warns as it predicts 31pc chance of Corbyn taking power this year

KBW urges investors to move money into bank stocks that are less exposed to the UK economy, such as Asia-focussed HSBC
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REUTERS/Bobby Yip/File Photo
The bank calculates there’s now nearly a third (31pc) chance of Labour sweeping to power this year, deeming it “highly improbable” the Conservatives would maintain a majority in another election....
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