Despite strikes and Cabinet sackings FTSE All-Share warms to Rishi Sunak – London Business News

FTSE All-Share is up by 11.5% in Sunak’s first 100 days in office.

Only Tories’ Edward Heath in 1970 has had a warmer welcome.

Hopes for peak in inflation and interest rates help – as does lowly starting point.

“Strikes, allegations of bullying by some Cabinet colleagues and tax avoidance by others may have been some of the dominant themes of Rishi Sunak’s premiership but despite that tempestuous backdrop the FTSE All-Share has had its second-best spell ever during the first one hundred days of a new PM’s stint in office,” says AJ Bell investment director Russ Mould. “Since Mr Sunak took the keys of 10 Downing Street, the FTSE All-Share is up by 11.5%. The only time the FTSE All-Share gave a new Prime Minister a warmer welcome was 1970 when a 15.4% advance in the index greeted the Conservatives’ Edward Heath’s surprise defeat of Harold Wilson and – ironically – the mandate he received to begin negotiations to enter the Common Market, as the EU was then known.

Prime Minister	Party	Entry to office	FTSE All Share in first 100 days
Edward Heath	Conservative	18-Jun-1970	15.4%
Rishi Sunak	Conservative	25-Oct-2022	11.5%
Tony Blair	Labour	01-May-1997	10.1%
David Cameron	Conservative	07-May-2010	2.9%
Gordon Brown	Labour	27-Jun-2007	0.7%
John Major	Conservative	09-Apr-1992	0.4%
Theresa May	Conservative	07-Jun-2017	(3.0%)
James Callaghan	Labour	05-Apr-1976	(3.2%)
Harold Wilson	Labour	15-Oct-1964	(9.9%)
Margaret Thatcher	Conservative	03-May-1979	(11.5%)
Harold Wilson	Conservative	28-Feb-1974	(19.7%)
Boris Johnson	Conservative	11-Dec-2019	(29.1%)
Liz Truss	Conservative	06-Sep-2022	n/a