It will be like Liz Truss on roller skates. The next election may still be four years away, and the manifestos still need to be fleshed out. Even so, the City has already started issuing stark warnings of a run on the pound if there is a Reform government led by Nigel Farage as Prime Minister. Of course, it is a measure of how far the party has come that the City is taking it seriously. The trouble is, there is also an element of truth in it. Reform would face a huge backlash in the markets – and the party will have to be ready for it.
The financial markets will be ready to crush a Farage administration just as brutally as they crushed Liz Truss and Kwasi Kwarteng
Even a few weeks ago, City analysts would not have wasted their time trying to work out the impact of a Reform-led government.
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