Global wave of elections could hit UK financial system, warns Bank of England
by Kalyeena Makortoff Banking correspondent from Economics | The Guardian on (#6NTG2)
Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year
Uncertainty caused by a global wave of elections, starting this weekend in France, risks destabilising the UK's financial system, the Bank of England has warned.
Officials are concerned about the kind of policies that newly elected governments may enforce in large economies, including the US, where Donald Trump is vying for another term as president in the run-up to the election in November.
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