Five years ago, the prospect of a landslide Labour election victory might have been expected to prompt at least some anxiety in financial markets. In a sign of how successful Keir Starmer’s campaign to woo the City and move his party’s position to the centre has been, markets barely budged in response to news that a vote would be held this summer.
The FTSE 100 opened flat on Thursday, the pound pushed slightly higher and stock futures a touch lower as markets appeared relaxed about the likelihood of a Starmer win, having had more than a year of reading about 15-point-plus poll leads to get used to the idea.
