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July 10, 2017

UK’s wealthy investors optimistic of new coalition government

Britons are optimistic about the new-look Conservative/DUP coalition government, thinking that it will make them richer and strengthen economy following Brexit, according to a survey by private investment house IW Capital.

Around 59% of UK high net worth (HNW) people, those having non-property assets of over £100,000, held the view that the new government will make them richer over the next five years, compared to the national average of 51%. Similar views were echoed by 54% of Londoners.

Around two thirds (64%) of HNWs also believed that the new government will make the UK economy stronger than it was in the previous times. The same views were cited by 60% of Londoners, both above the national average of 58%.

HNWs were also positive about the role of the new government in protecting the interests of private investors, with 73% saying that the government would help them increase their portfolios between now and 2022.

IW Capital CEO Luke Davis said: “The General Election result may have come as a shock, but today’s research demonstrates that much like Brexit uncertainty, wider investor sentiment remains buoyant. It is vital in the current period of political and economic transition, that those who hold significant investment capability are supported in their financial intentions.

“The nation’s high net-worths serve tremendous value in catalysing and sustaining economic momentum, so the positive sentiment revealed today is encouraging.”

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