UK Financial Services Industry on High Alert Under Labour Government

The UK's financial services industry is gearing up for potential changes under the new Labour government. According to a lobbyist, the 'start of the woo' has begun, suggesting that efforts to influence policy are intensifying.

However, another concern facing the industry is the looming threat of war between the US and Iran, which could have severe economic repercussions in the UK.

The Bank of England has warned that repeated re-escalation of the conflict could see inflation peak at 4.5 percent in the second quarter of 2027, causing further uncertainty for businesses.