So the UK elections are over and the result was surprising, many thought there would be some sort of coalition like the previous election, but lo and behold the Conservatives won a majority victory.
This will be welcome news for the City of London and the financial firms whom the Conservatives always support when they are in office.
The FTSE and the sterling markets rallied once the result was confirmed, the Pound gained 2% against the Dollar and the FTSE 100 made a 2.3% gain that day. Many FTSE 100 companies saw their share price increase including Lloyds Bank.
David Cameron promised to offer £4bn worth of discounted shares of the government bailed out Lloyds Bank. Retail investors will have a chance to buy £250 - £10,000 worth of shares. However there are fears big investors may have a greater chance of securing the shares. Politicians are not renowned for their honest and it may turn out that David Cameron doesn't keep his promise, which will be nothing new.
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Labels: David Cameron, elections, FTSE, Investing, investments, Lloyds, PM, Shares, UK