LONDON – England – A Labour win in May will see a drop of over 70% in the FTSE 100 stock market’s value over the course of Labour’s tenure under the radical control, a team of financial institutions have warned.
“Be prepared to see your pension value drop by over 80%. House prices will be decimated as vast Labour taxes on property owners bite. Buy to Let landlords will be a thing of the past as Labour punishes them hard with inhibitive taxation. The City, will have bonuses capped as Miliband panders to the proposed EU curtailing laws.
“In Miliband’s post honeymoon period, he will announce the end of the Pound Sterling and adoption of the Euro currency. This will be a collectivist Soviet period where Britain’s wealth through property will be redistributed to the poor countries of Europe. The value of the euro is lower than the pound, and there will be additional loss for many in Britain.
“To fund Miliband’s welfare reforms and boost cheap house building efforts for the unemployed, Miliband will not only raid pensions but will apply for more loans to fund his projects. This will seal the former United Kingdom’s fate further as it is still entrenched in a deficit.
“This time, your grand children’s children’s children will be paying for what Miliband is going to do to this country.
“There are even plans to introduce a people’s banking system, where collectivised wealth from the former rich will be re-distributed amongst the poor.
“Labour’s aim is also to reverse privatisation of rail, utilities and other public services.
“This radical change in approach to finances and politics will thus see a fall of over 70% in value of the FTSE 100 impoverishing millions of people in the former Britain.”