Britain Faces Post-Referendum Commotion

Still too many unanswered questions in UK politics


With Theresa May’s move into 10 Downing Street, at least the immediate political vacuum at the very top of British politics has been filled. While investors will have welcomed this clarification of political leadership, the inconvenient truth is that policy uncertainty remains huge, both on Brexit and the domestic economy. A closer look at developments in British politics reveals political risk is unlikely to abate from its currently elevated levels anytime soon.

May’s initial...

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