Election to decide fate of shares

The direction of Brexit and the fate of a large handful of shares will rest with the outcome of December’s British general election, analysts have said.

The December 12 poll may help Boris Johnson to secure support for the “hardish” Brexit transition deal he clinched with the EU or help Labour leader Jeremy Corbyn implement a softer Brexit and nationalisation of British utility firms, said Paul Dales, chief UK economist at Capital Economics.