Here's how U.K. stocks have reacted when a new prime minister takes power midway through a term

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Analyst crunched the numbers on how the FTSE All-Share index performed after new Prime Ministers took office mid-way through a Parliament after predecessor left

Foreign secretary Liz Truss is widely expected to become prime minister when the Conservative Party announces its next leader.

Mould crunched the numbers on how the FTSE All-Share index ASX performed after new prime ministers took office mid-way through a Parliament after the predecessor departed — the scenario currently unfolding. “On average, the FTSE All-Share made no progress at all under the trio during their first 12 months in the hot seat, rising on average by 1.9% over the first three months of the new PM’s tenure, gaining 1.5% over six months and coming in slightly down over a year,” noted Mould.

Similarly, Callaghan took the helm shortly after the FTSE All-Share hit a multi-year low following the oil price shock of the early 1970’s and after his predecessor oversaw left-wing policies considered unpopular with investors, such as windfall taxes and price controls. “Despite the challenging macro outlook, the UK market…offers good value,” said Trevor Greetham, head of multi-asset at Royal London Asset Management.

 

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