Jeremy Corbyn the next UK Prime Minister

By Tuesday June 6th, 2017 Economy

Although such a headline still appears very unlikely, the recent closing gap in polls between the Labour and Conservative parties to just five percentage points has raised the odds significantly.

We have always been surprised that political commentators have not taken Mr. Corbyn’s firebrand left wing policies more seriously in the past.  If you take away the personality the policies of the Labour party are today much more aligned with the global protest vote than many would dare concede. It is also important to note that Mr. Corbyn has resounding support amongst Labour party members.

The desire/need for a redistribution of wealth away from capital towards labour sits at the heart of their Jeremy Corbyn’s economic policy.  The Labour party states “Labour understands that the creation of wealth is a collective endeavour between workers, entrepreneurs, investors and government”.

We shouldn’t forget that Donald Trump won the Presidency of the United States by appealing to a broad spectrum of the voting population who were voting for change. Whilst voters still struggle to articulate what change means, certainly nothing like the Liberté, égalité, fraternité clarion all of the French Revolution a leader than promises a ‘fairer society in the future can still have impact.

Don’t rule our Jeremy Corbyn and don’t rule out a potentially marked setback in sterling should he and the Labour party squeeze the Conservative party’s lead even lower. Sterling back to its previous lows of $1.23 is quite possible.

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