Labour government brings few hopes to cautious London

In the last election in 2019, Starmer's predecessor Jeremy Corbyn set out a radical manifesto to increase public investment by raising taxes on companies and top earners, resulting in Labour's worst result since the 1930s

British Labour leader Keir Starmer led his party to victory against the Tories.

The UK financial sector has warmed to Labour's pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to prop up Britain's stretched public finances further down the line.

Under leader Keir Starmer, the Labour Party has assiduously courted the City of London, mindful his plans for boosting economic growth will need a big dose of private capital.