UK Plc's discount steepens as political crisis over Brexit deepens

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UK Plc's discount steepens as political crisis over Brexit deepens
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Growing worries about Britain crashing out of the European Union and a general e...

LONDON - Growing worries about Britain crashing out of the European Union and a general election that could usher in a new government and major changes to UK Plc have steepened the discount for London-listed companies with exposure to the domestic economy.

But worries about a no-deal Brexit have grown following the appointment of staunch Brexiteer Boris Johnson as Prime Minister in July. No-deal Brexit worries combined with fresh upheaval over a general election have made UK assets even less palatable, said Edward Park, deputy chief investment officer at Brooks Macdonald.

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