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‘Tories would not lift markets more than Labour’

A Tory Government would not lift markets more than Labour despite the party’s allegiance to the investment community, say roadshow panellists.

In some general elections, investment professionals have been vocal in their support of the Tories but panellists said investors would not be affected positively or negatively by a change of Government.

Invesco Asset Management distribution director Andrew Watkins said he “leaned to the right of Genghis Khan” but believed the re-election of Labour would not be a bad thing for investors. He also said opposition leader Michael Howard was untried and had the potential to disappoint.

Gerrard director Brian Tora is the chairman of his local Conservative association but said investors would notice little difference between the parties because of the way Labour has restructured.

He said the IFA audience should vote Conservative bec-ause of the issue of smaller government and less regulation.

Seven Investment Management chief executive Tom Sheridan said markets do not like uncertainty and would prefer Tony Blair to be re-elected.

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