Conservatives' election win met with relief by the City

After lifting of fears that Labour would impose mansion tax and 50% tax rate, there was a boost for the FTSE 100, sterling and estate agents in London
Shares, sterling and demand for multimillion-pound London homes soared after Labour’s heavy defeat in the general election banished the threat of tougher regulation and higher taxes for the rich.Related: What will the new Tory government do?Related: A message to the Tories: beware triumphalism, stormy waters lie ahead | Matthew d’AnconaContinu