Britains Best Prime Minister - for the Economy

Discussion in 'Current Affairs, News and Analysis' started by Spanner, May 5, 2005.

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  1. Clipped this from Motleyfool - a fascinating take on just how successful prime ministers have been in terms of annualised stock market performance. Interestingly enough - annualised return under TCB?

    A paltry 2%, not in bottom place - that was Anthony Eden, in 1957!
  2. Jim Callaghan in 1st place!? 8O
  3. The Iron Duke himself!
  4. Who did you think would be first, Thatcher, Major?
  5. From the same article (scroll down to the bottom)
    "In terms of sustained, long-term gains, Margaret Thatcher's eleven years as prime minister is unsurpassed. A raft of political and economic reforms thrust the market almost four-fold between 1979 and 1990. Incredibly, investors never witnessed a calendar year when the market lost ground during her time in office. John Major continued the momentum until 1997, with the market then going onto to double in less than seven years.

    Finally, how have shareholders fared under current PM Tony Blair? Eight years since entering Number 10, investors have seen their shares on average grow by 13%, or minus 9% after inflation. If he gets re-elected on Thursday and remains in charge until 2010, Blair will need the FTSE All-Share to breach 20,500 if he wants to match Callaghan's record and oversee 19% per annum returns for investors."
  6. Labour had the election one year early because they know the good times of low inflation are finished.
    Blurs friend Bush has created this with his extravagent give away policies to his American supporters. Massive US debt will force up intrest rates in the states and then eles where.
    If you have a big morgage say thank you Tone,Gorden for what we are about to receive.
  7. Yes!

    Try reading the article - Jim Callaghan benefited from coming in at the end of a very poor period for the British economy.