What companies can expect if Labour wins Britain’s election

LABOUR’S strong results in local elections in Britain on May 2nd affirm the prediction from our forecast model that it is on course to form the next government—our central estimate gives it a thumping 106-seat majority. The transformation of Labour’s political fortunes since the last general election has been accompanied by a fervent romancing of business. Gone is the disdain of Jeremy Corbyn, the party’s former hard-left leader, who planned to collectivise a tenth of every big British company. In its place Sir Keir Starmer and Rachel Reeves, the Labour leader and shadow chancellor, have spearheaded a “smoked-salmon offensive”, inviting executives to breakfast and waxing lyrical about the virtues of profit.