The Conservative party’s surprise victory in last week’s UK election replaced uncertainty about potential coalitions with a new uncertainty about the UK’s membership of the EU. The Conservatives have pledged to hold a referendum on EU membership in 2017, unless certain concessions from the EU can be secured. The uncertainty for the next two years is likely to be a negative for business investment and UK growth.
About the authors
Economist Insights is written by Joshua McCallum and Gianluca Moretti. Joshua has been working at Global Asset Management with the title of Senior Fixed Income Economist since 2005. Prior to this, he worked at the UK Treasury as a macroeconomist. Gianluca joined Global Asset Management in 2010. Prior to this he worked at the Italian central bank.
The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consult the sales restrictions relating to the products or services in question for further information.
© UBS 1998 - 2015. All rights reserved.