UK Election Risks Renewed Debt Crisis, Top Investor Warns
• Conservatives and Labour risk reigniting debt crisis with reckless tax cuts or spending plans, warns top investor Pictet • Pictet managing almost £600bn in assets, warns against financial recklessness ahead of UK election • Labour told not to embark on spending spree if they win election • Pictet cautious on buying UK government debt and sterling due to election concerns • Pictet worried Sunak may overspend ahead of election to boost Tory ratings